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Nevada Gaming Commission awards first daily fantasy licence in US

The Nevada Gaming Commission has awarded a license to USFantasy to provide daily fantasy sports (DFS) contests to all of the state’s major casinos, the first company of its kind to be licensed in the US.

The commission voted unanimously in favour of awarding a licence to USFantasy, a company owned by Sanderina II. It enables casinos to subscribe to the USFantasy platform through a licensed distributor, which will distribute contests to race- and sportsbooks within Nevada-based venues. Customers will have the chance to win a $1m prize in weekly contests on professional football games.

“We will begin operations in August with daily fantasy professional baseball and then football and continue with a library of over 11,000 different events annually,” Sanderina president Vic Salerno said.

“The fantasy contests will offer Win/Place/Show, Exacta and other exotic wagering for all sports contests offered,” he continued. “For pro fantasy football, a $1m progressive jackpot Pick 7 contest is planned for correctly selecting the winners of seven different contest categories. The progressive jackpot pool will grow weekly if there is no contest winner.”

Salerno, a veteran Las Vegas sports betting executive who is credited with having pioneered the vertical in the state, previously served as chairman of William Hill’s US subsidiary.

The USFantasy platform uses a pari-mutuel system to offer a fair and transparent environment for all contestants, offering a simple process in which twenty players compete in each competition.

“Daily fantasy sports is on the radar of nearly every state regulatory and legislative body in the US,” Salerno added. “We are actively working with the legislative and regulatory bodies of several states to propose the adoption of the USFantasy platform as a turn-key way to regulate, provide tax revenue, and offer a fair platform for fantasy sports through casinos, racetracks, and lotteries where legal.

“People enjoy DFS because it is exciting and can be financially rewarding. We believe that USFantasy has developed a great contest format that will appeal to all levels of contestants, from novice to skilled.”

GamingIntelligence

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