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Las Vegas to offer betting on NFL draft

Tue, Apr 11, 10:27am by Senior Writer

The evolution and eventual widespread legalisation of sports betting in the United States is moving at a snail’s pace, but has taken another step forward with Nevada sportsbooks able to offer bets on this month’s NFL draft.

Regulations prohibited Las Vegas sportsbooks from offering bets on anything outside the games themselves but William Hill has applied on behalf of the 108 books it operates in Nevada and has been approved.

A.G. Burnett, the chairman of the Nevada Gaming board, told the Las Vegas Journal said the Board had considered the application carefully.

“It has to be something that makes us comfortable from a regulatory standpoint,” Burnett said. “Most importantly, that the outcome of the event can’t be affected by a bet that is placed.”

As such, punters with Vegas sportsbooks won’t be able to bet on who will go as No.1 draft pick despite the being widely available on overseas operators, including here in Australia.

“We tried to avoid wagers where knowing one team’s intent could be used to gain an unfair advantage, before the wagering cut-off date,” Karl Bennison, chief of enforcement for Nevada Gaming Control Board, told ESPN.

They must also close their markets on the day before the draft begins. The NFL draft will be held April 27-29 in Philadelphia.

The examples of what propositions they may offer have been detailed by Nevada Gaming Control

They include:

— The number of players drafted from a particular college in the entire draft.

— Whether more players from the SEC, for example, will be drafted than from the Big Ten.

— Total number of quarterbacks drafted in the first round.

— Conference to have the most players drafted.

— Over/under on draft position of the first place-kicker taken.

— College to have the most players drafted.

Jay Kornegay, who works for Westgate SuperBook in Las Vegas, said the options would generate plenty of interest.

“This country loves football,” he told ESPN. “They love betting football, so I can understand that there will be some interest in these new options.”

“We’re just going to kind of proceed with caution,” Kornegay said.


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