Intrastate License in Nevada as soon as February
November 17, 2011
Come February of 2012, Nevada will start accepting applications from Internet poker sites according to a Nevada Gaming Control Board (NGCB) announcement. Investigations into interested companies will be conducted by the NGCB, and the process is expected to take several months. For those companies that already hold land-based casino licensure in the state of Nevada, the process will possibly be less drawn out.
One of the biggest requirements of the intrastate license will be to assure the NGCB that the possible online gambling site will not only prevent non-Nevadans from gambling for money on the site, but will also keep minors from participating in real money bets as well.
Despite the fact that the Unlawful Internet Gambling Enforcement Act prohibits online payment processors from processing transactions for online betting operations, there are loopholes for Internet transfers of funds for intrastate gambling operations.
This will be the first step in a long road that analysts believe will lead the rest of the nation in legalized and regulated intrastate Internet gambling, which many hope will ultimately lead to the merger of the possible US market as a whole with the global online gambling market. This will all be even more probable as the US government looks for more ways to increase tax revenue.
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