NFL Draft Comes to Las Vegas: You Can BET It Will Be Fun - State Bar of Nevada
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NFL Draft Comes to Las Vegas: You Can BET It Will Be Fun BY BRIAN SCROGGINS JR. In April 2020, millions of National Football League (NFL) fans will flock to Las Vegas from around the world. While Las Vegas is used to having large crowds and blockbuster events, this will be the first time Las Vegas will host the NFL Draft. These fans will be coming to Las Vegas excited to enjoy the city but also eager to see who their favorite NFL team will select in the 2020 draft. The draft is an exciting time of year, as every fanbase has championship aspirations for the team they have been cheering for since they were children. With so many fans in town for the while also offering some different action rushed for a 1-yard touchdown. Although draft, sportsbooks around the city will be for the more-seasoned bettor. Simply the bookmakers lost that bet, both the competing for their time and money. One put, a prop bet is a wager made regarding bettors and bookmakers won that day as of the most effective ways to differentiate the occurrence or non-occurrence of an the oddsmakers figured out that prop bets and draw patrons to a specific book is event during the course of a game that is would entice the fans to stay at the casino to offer bets and odds that are different not directly affecting the outcome of that property longer and increase their handle from other establishments. Greeting you game. Though these exotic bets have been on the sporting event. at any sportsbook will be bright, green around for many years, we can pinpoint According to CBS,1 one in 10 lights consisting of traditional wagers Super Bowl XX as the game that gave Americans is expected to place prop (money line, spread, under/over, etc.) and them traction and popularity in the U.S. bets during the Super Bowl. While non-traditional bets, known as proposition Vegas bookmakers were looking to some of these prop bets are similar to bets (prop bets). increase the betting handle for the big the one mentioned above, regarding game and decided to offer 20-1 odds who will score a touchdown, they can Origin of Prop Bets that William “Refrigerator” Perry would also become a lot more exotic. From the score a touchdown. That Sunday, the color of Gatorade poured on the winning These prop bets, or exotic bets, are sportsbooks exploded with excitement coach after the game or the length of great ways to get even the most casual as the 330-plus pound defensive lineman the national anthem, these exotic bets fan interacting and betting on the games 20 Nevada Lawyer December 2019
really do run the gamut.2 While these the instructions to bookmakers that, amateur sports organizations to identify exotic prop bets are not currently legal to “Any additional wagers which deviate which types of bets simply pose too wager on within the state of Nevada, the from those listed below will require a significant a risk to the integrity of odds that some books assign to them are separate application and approval.” This sports and to work with regulators not to entertaining, and serve as great publicity. process of getting bets approved could authorize them,” Moore said. take anywhere from a few weeks to a The U.S. Supreme Court repealed Prop Bets in the NFL Draft few months. As offshore books continue the Professional and Amateur Sports to offer different types of prop bets and Protection Act (PASPA) or the Bradley With the NFL Draft coming to in-game wagering, legal book makers Act, which made sports wagering illegal Las Vegas in 2020, we are sure to see a must wait for the approval of the GCB in all but four states. Since then, the plethora of interesting prop bets offered before taking wagers on certain action. constant regulatory and legal discussion by different bookmakers. The draft could has revolved around what the leagues arguably appeal to more audiences, as all Opposition to Prop Bets will do to ensure that the integrity of 32 teams have representation and not just the game is kept intact. By allowing the two clubs competing for a Super Bowl In her testimony before the individual player performances to title. With these 32 teams, bookmakers U.S. House of Representatives on determine the outcome of a wager, some have the chance to allow bettors to put September 27, 2018, NFL Executive have argued that outside influences begin their “money where their mouth is” and Vice President Jocelyn Moore asked to to play a bigger role into why an athlete let them place bets on who their team get rid of prop bets that involved the under- or over-performed. Even if there should draft. performance of the individual athlete is no foul play or outside pressure, a While more conventional prop bets during the course of a game. team employee or scout would have are available for the NFL Draft, the “To address concerns regarding inside information that allows them to breadth of bets comes very close to that of risky betting fixtures, we encourage the Super Bowl. Once again, these exotic Congress to allow professional and bets can range anywhere from whether the drafted player will hug his mom or dad first, to the type of suit the player will wear when he walks on stage.3 The creativity of the prop bet is only limited to what the books can come up with and what the Nevada Gaming Control Board (GCB) will approve. CHECK Approval Process of Prop Bets in Nevada WILL YOU CHECK YES to For many years, the GCB restricted YES IN support Pro Bono? prop bets to only include events on the 100% of your contribution field. Books operating legally within supports pro bono. the state could only take money on bets 2020 sanctioned by the GCB. Many exotic prop bets were only available with offshore bookmakers. In the past decade, Nevada regulators have relaxed the restrictions and allow betting on post-season awards (Heisman Trophy, Super Bowl MVP, etc.) and limited eSports activities. In 2018, the GCB began to allow DUES bookmakers within the states to take wagers on what would happen in the NFL Draft.4 In the approval notice, the CHECK WILL YOU CHECK YES to GCB listed out more than 30 wagers support the Nevada Bar that could be taken by sports books. Foundation? Interestingly enough, only two of 100% of your contribution the approved bets allowed bettors to OFF supports law related wager on where specific players will education. be drafted. The notice also included December 2019 Nevada Lawyer 21
continued from page 21 NFL Draft Comes to Las Vegas: You Can BET It Will Be Fun make a bet in real time before the sports Future of Prop Bets waiting for the GCB, as well as other books can adjust the line. regulators, to give them the green light to In the 18-plus months since Now, it is important to note that allow these bets PASPA was sports books have the right to post these on mobile devices overturned, crazy prop bets but limit the amount they throughout the the tech and will take in the wager or even refuse In the 18-plus months Silver State. innovation to take any action at all. Prop bets are The GCB sometimes used primarily to get publicity in sports since PASPA was wagering has reason to rather than actually increase the action overturned, the tech be hesitant with has quickly of a sports book. A popular prop-betting and innovation in in-game prop evolved. These website, Odds Shark, even posted the betting. This odds on who would rule Westeros at the growing areas sports wagering has include in- branch of prop end of the popular HBO series “Game quickly evolved. bets has its own game betting of of Thrones.”5 These odds are made for set of difficulties. both traditional the fun of the consumer and have great Courtsiding, the sports bets entertainment value. practice of transmitting data or betting (money line, point spread, etc.) and prop bets. Once again, these innovations are directly on sporting events as they happen focused on increasing viewership and in stadium, is a large problem in the handle. The innovators in this space are international markets that currently have FOR SALE 5 0 0 S 7 T H S T R E E T L A S V E G A S , N V 8 9 1 0 1 $575,000.00 Walk to Courts Two-story professional office building located in Downtown Las Vegas on SW corner of 7th & Clark. Fully fenced property with gate access for security. 1,348 sq. ft . under air, 12 parking spots, and a storage building on property. For more information please contact The Woodcock Real Estate Group 702-362-8700 jack@jackwoodcock.com License #B.855 22 Nevada Lawyer December 2019
legalized in-game wagering, such as the United Kingdom. It arises as a result from the delay between the live action 1. https://www.cbsnews.com/news/betting- and television delay. Though that is the on-the-super-bowl-1-in-10-americans- BRIAN placing-bets-on-super-bowl-liii/ SCROGGINS JR. prominent problem, it is just one of many 2. https://www.sbnation.com/ concerns for regulators. is a native Nevadan nfl/2018/1/29/16941918/super-bowl-prop- At their core, prop bets are created bets-2018-pink-national-anthem-justin- who is excited to be back in his and used to keep the consumer engaged timberlake-halftime-performance hometown. In his time away, in the event. They are used primarily by 3. https://www.nj.com/sports/2018/04/ he attended the University of sporting events to keep people watching nfl_draft_2018_prop_bets_trades_sam_ Kentucky, earning both his darnold_saquon.html Juris Doctorate and Master of the game, even during an otherwise 4. https://gaming.nv.gov/modules/ unentertaining game. We also see Business Administration degrees. showdocument.aspx?documentid=13049 bookmakers offering odds on who will 5. https://www.oddsshark.com/ He is currently enrolled in the win awards in the entertainment industry6 entertainment/game-thrones-prop-odds- LLM program at UNLV, studying (Emmys, Oscars, etc.), which can get bet-who-will-be-ruling-westeros gaming law and regulations. His those events additional viewership they 6. https://www.oddsshark.com/ research has focused on the entertainment/primetime-emmy-awards- areas of intellectual property, would not otherwise be receiving. betting-odds With Nevada transitioning from sports and gaming law. After 7. Mission of Nevada Gaming Control Board being the gaming capital of the world to graduating from UNLV in May the entertainment capital of the world, 2020, Scroggins is looking to join it is important that we keep in mind the a firm with strong mentorship regulatory process and how we must have and community involvement in “strict regulation of all persons, locations, Nevada. He can be reached at practices, associations and related brianscrogginsjr@gmail.com or [gaming] activities.”7 (702) 635-1884. POWERHOUSE ADDITIONS Mackenzie Warren Diane Welch joins our Government joins our Employment & Affairs Group as a Vice Labor Group, drawing on her President, bringing a history in litigation, higher background in legislative education law, and employee advocacy and lobbying. policy compliance. In our long-standing commitment to serve our clients and Nevada, McDonald Carano is proud to announce the addition of two highly-respected attorneys, each with impressive credentials in their fields. We are delighted to welcome Mackenzie and Diane to our firm, further strengthening our bonds throughout Nevada. R E N O | L A S V E G A S | M c D O N A L D C A R A N O. C O M MC19037-WarrenWelch_ad-jy6Final.indd 3 December 2019 Nevada 11/1/19 Lawyer 23 2:09 PM
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