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Nevada takes step toward legalizing Net gambling
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(IDG) -- The Nevada Gaming Control Board took a small step toward legalizing online gambling last week with its approval of technology that will allow sports wagering via modem.
On Thursday, the board approved the technology, created by Virtgame of San Diego, Calif. But it still must approve related software that ties into the sport book's system, said Dennis Neilander, a Gaming Control Board commissioner. That approval is likely next week and will be followed by a 30-day field trial, he said.
Through an agreement with Virtgame, Coast Resorts plans to offer 24-hour betting on sports games to Nevada residents. On its Web site, Virtgame called its agreement with Coast Resorts, which owns four casinos in Las Vegas, "a landmark in the evolution of legalized online gaming."
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"For the first time we are offering regulators a viable solution for the online gaming boom, in a legal and controlled way," the company said. Virtgame officials could not be reached to comment.
But Neilander disputed media reports that Virtgame's technology would create the first online gambling system approved for operation in the U.S. "It's just an extension of telephone betting," he said. "It doesn't involve the Internet at all."
Instead, the bettor will use a personal computer, modem and browser to directly call and place a bet with Coast Resorts. Even before that, the patron will have to register in person with Coast Resorts, show proof of Nevada residency and age, and put down a cash deposit. In addition to such in-person registration, Virtgame's technology will determine whether the telephone call is coming from a Nevada telephone, Neilander said.
Online gambling remains a legal gray area, with most of the sites operating outside the U.S. States are currently charged with regulating gambling and laws vary widely. Sports wagering is only legal in the state of Nevada and to a limited degree in Oregon. Nevada sports books handled legal wagers totaling $2.3 billion in 1998. Illegal sports betting nationally ranges from $80 billion to as much as $380 billion each year, according to estimates in the National Gambling Impact Study Commission report.
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