PARI-MUTUEL WAGERING

Nev. Rev. Stat. 464

in effect

Nev. Rev. Stat. § 464.005 Definitions.

As used in this chapter, unless the context otherwise requires: 1. Board means the Nevada Gaming Control Board. 2. Commission means the Nevada Gaming Commission. 3. Gross revenue means the amount of the commission received by a licensed book that is deducted from off-track pari-mutuel wagering, plus breakage and the face amount of unpaid winning tickets that remain unpaid for a period specified by the Commission. 4. Licensed book means a race book or sports pool licensed to operate, carry on, conduct or maintain any form of wagering under a pari-mutuel system of wagering pursuant to this chapter. 5. Off-track pari-mutuel system means a computerized system, or component of such a system, that is used with regard to a pari-mutuel pool to transmit information such as amounts wagered, odds and payoffs on races, sporting events or other events. 6. Off-track pari-mutuel wagering means any pari-mutuel system of wagering approved by the Commission for the acceptance of wagers on: (a) Horse or dog races which take place outside of this state; (b) Sporting events; or (c) Other events. 7. Operator of a system means a person engaged in providing an off-track pari-mutuel system. An operator of a system shall be deemed a service provider as set forth in NRS 463.677 and is subject to any applicable regulations adopted by the Commission. 8. Pari-mutuel system of wagering means any system whereby wagers with respect to the outcome of a race, sporting event or other event are placed in a wagering pool conducted by a person licensed or otherwise permitted to do so under state law, and in which the participants are wagering with each other and not against that person. The term includes off-track pari-mutuel wagering.

Nev. Rev. Stat. § 464.010 Licenses and related approvals required.

1. It is unlawful for any person, either as owner, lessee or employee, whether for hire or not, to operate, carry on, conduct or maintain in this state, any form of wagering under the pari-mutuel system on any racing, sporting event or other event without having first procured and maintained all required federal, state, county and municipal licenses, findings of suitability, registrations and approvals. 2. It is unlawful for any person to function as an operator of a system without having first registered with the Board as a service provider pursuant to NRS 463.677 . 3. Where any other state license, registration or approval is required to conduct a racing, sporting event or other event, that license, registration or approval must first be procured before the pari-mutuel system of wagering may be licensed in connection therewith.

Nev. Rev. Stat. § 464.015 Fee for issuance or renewal of license; disposition.

Repealed. (See chapter 181, Statutes of Nevada 2025, at page 1147.)

Nev. Rev. Stat. § 464.017 Immunity from civil liability for good-faith actions of Commission, Board and Off-Track Pari-Mutuel Wagering Committee.

In addition to any other rights, privileges and immunities recognized by law, the State of Nevada, the Commission and any of its members, employees, attorneys and other personnel, the Board and any of its members, employees, attorneys and other personnel, and the Off-Track Pari-Mutuel Wagering Committee appointed pursuant to NRS 464.020 and any of its members, employees, attorneys and other personnel are immune from civil liability for any decision or action taken in good faith and without malicious intent in carrying out the provisions of this chapter.

Nev. Rev. Stat. § 464.020 Administration by Commission: Issuance of licenses; times and places for wagering; regulations; authority and procedure for appointing Off-Track Pari-Mutuel Wagering Committee; inspection of books and records of licensees.

1. The Commission is charged with the administration of this chapter for the protection of the public and in the public interest. 2. The Commission may issue licenses permitting the conduct of the pari-mutuel system of wagering, including off-track pari-mutuel wagering, and may adopt, amend and repeal regulations relating to the conduct of such wagering. 3. The wagering must be conducted only by a licensed book at the times determined by the Commission and only: (a) Within the enclosure wherein the race, sporting event or other event which is the subject of the wagering occurs; or (b) Within a licensed gaming establishment which has been approved to conduct off-track pari-mutuel wagering. Ê This subsection and the provisions of NRS 464.060 do not prohibit a licensed book from accepting wagers made by wire communication from patrons within the State of Nevada, from other states in which such wagering is legal or from places outside the United States in which such wagering is legal. Neither the off-track pari-mutuel system nor the operator of a system must be physically present in this State provided that each is present in another state or location outside of the United States where off-track pari-mutuel wagering is legal and is licensed or otherwise approved by a governmental authority having regulatory jurisdiction or control over pari-mutuel wagering. 4. The regulations of the Commission may include, without limitation: (a) Requiring fingerprinting of an applicant or licensee, or other method of identification. (b) Requiring information concerning an applicants antecedents, habits and character. (c) Prescribing the method and form of application which any applicant for a license issued pursuant to this chapter must follow and complete before consideration of the applicants application by the Commission. (d) Prescribing the permissible communications technology and requiring the implementation of border control technology that will ensure that a person cannot place a wager with a licensee in this State from another state or another location where placing such a wager is illegal. 5. The Commission may appoint an Off-Track Pari-Mutuel Wagering Committee consisting of 11 persons who are licensed to engage in off-track pari-mutuel wagering. If the Commission appoints such a Committee, it shall appoint to the Committee: (a) Five members from a list of nominees provided by the State Association of Gaming Establishments whose members collectively paid the most gross revenue fees to the State pursuant to NRS 463.370 in the preceding year; (b) Three members who, in the preceding year, paid gross revenue fees pursuant to NRS 463.370 in an amount that was less than the average amount of gross revenue fees paid by licensees engaged in off-track pari-mutuel wagering in the preceding year; and (c) Three other members. Ê If a vacancy occurs in a position on the Committee for any reason, including, but not limited to, termination of a member, the Commission shall appoint a successor member who satisfies the same criteria in paragraph (a), (b) or (c) that applied to the member whose position has been vacated. 6. If the Commission appoints a Committee pursuant to subsection 5, the Commission shall: (a) Grant to the Committee the exclusive right to negotiate an agreement relating to off-track pari-mutuel wagering with: (1) A person who is licensed or otherwise permitted to operate a wagering pool in another state; and (2) A person who is registered pursuant to this chapter as an operator of a system. (b) Require that any agreement negotiated by the Committee with a track relating to off-track pari-mutuel wagering must not set a different rate for intrastate wagers placed on the licensed premises of a licensed book and wagers placed through the use of communications technology. (c) Require the Committee to grant to each person licensed pursuant to this chapter to operate an off-track pari-mutuel race pool the right to receive, on a fair and equitable basis, all services concerning wagering in such a race pool that the Committee has negotiated to bring into or provide within this State. 7. The Commission shall, and it is granted the power to, demand access to and inspect all books and records of any person licensed pursuant to this chapter pertaining to and affecting the subject of the license.

Nev. Rev. Stat. § 464.025 Regulations governing off-track pari-mutuel wagering; sharing of revenue; approval of Commission.

1. The Commission, upon the recommendation of the Board, may adopt regulations for: (a) The conduct by a licensed book offering off-track pari-mutuel wagering on a race, sporting event or other event; and (b) The approval of the terms and conditions of any agreement between a licensed book and an agency of the state in which the race, sporting event or other event takes place or a person licensed or approved by that state to participate in the conduct of the race, sporting event or other event or the pari-mutuel system of wagering thereon. 2. A person or governmental agency must not receive any commission or otherwise share in the revenue from the conduct of off-track pari-mutuel wagering in this State without the approval of the Commission. The Commission may approve any person or governmental agency after such investigation as the Board deems proper.

Nev. Rev. Stat. § 464.040 Limitations on amount and division of commissions; payment and disposition of taxes.

1. The total commission deducted from pari-mutuel wagering other than off-track pari-mutuel wagering by any licensee licensed pursuant to the provisions of this chapter must not exceed 18 percent of the gross amount of money handled in each pari-mutuel pool operated by the licensee during the period of the license. 2. The total commission deducted from off-track pari-mutuel wagering must be determined by the Commission and may be divided between the persons licensed, registered or approved to participate in the conduct of the race or event or the pari-mutuel system of wagering thereon. Such licensure, registration or approval must be obtained pursuant to this chapter or chapter 463 of NRS and pursuant to regulations which may be adopted by the Commission. 3. Except as otherwise provided in NRS 464.045 for off-track pari-mutuel wagering, each licensee shall pay to the Commission quarterly on or before the last day of the first month of the following quarter of operation for the use of the State of Nevada a tax at the rate of 3 percent on the total amount of money wagered on any race, sporting event or other event. 4. The licensee may deduct odd cents less than 10 cents per dollar in paying bets. 5. Except as otherwise provided in NRS 464.045 for off-track pari-mutuel wagering, the amount paid to the Commission must be, after deducting costs of administration which must not exceed 5 percent of the amount collected, paid over by the Commission to the State Treasurer for deposit in the State General Fund.

Nev. Rev. Stat. § 464.045 Calculation of monthly state license fee to include gross revenue from off-track pari-mutuel wagering; calculation of gross revenue.

1. The provisions of subsections 3 and 5 of NRS 464.040 do not apply to persons licensed to conduct off-track pari-mutuel wagering. 2. A licensed gaming establishment is subject to the monthly state license fees and provisions of NRS 463.370 on all gross revenue attributable to the operation of an off-track pari-mutuel system of wagering. 3. In calculating the monthly state license fee imposed by NRS 463.370 , a licensee shall not deduct from gross revenue any promotional allowances, including, without limitation, prizes, payments, premiums, drawings, discounts, rebates, bonus payouts, benefits or tickets that are redeemable for money or merchandise.

Nev. Rev. Stat. § 464.050 Place for conducting and public viewing of wagering.

A licensee conducting any form of pari-mutuel wagering provided for in this chapter shall provide a place or places in the meeting grounds or enclosure or the licensed gaming establishment which has been approved to conduct off-track pari-mutuel wagering: 1. At which the licensee may conduct, operate and supervise the wagering. 2. Where the progress of the betting and the odds paid may be open to public view.

Nev. Rev. Stat. § 464.060 Wagering outside enclosure or licensed establishment prohibited; exception.

Except as otherwise provided in subsection 3 of NRS 464.020, all other forms of wagering or betting on the results of any of the races or events licensed under this chapter outside the enclosure or establishment where the races, events or off-track pari-mutuel wagering are licensed by the Commission are illegal.

Nev. Rev. Stat. § 464.070 Limitation on wager by agent; off-track wagering by agent prohibited.

A pari-mutuel wager placed at the enclosure where the wagered race or event is conducted may be made by an agent if the principal is present on the premises. All off-track pari-mutuel wagering must be done by a principal.

Nev. Rev. Stat. § 464.075 Altering value of wager for patron prohibited; regulations; exemptions.

1. Except as otherwise provided in subsection 4, a person who is licensed to engage in off-track pari-mutuel wagering shall not: (a) Accept from a patron less than the full face value of an off-track pari-mutuel wager; (b) Agree to refund or rebate to a patron any portion or percentage of the full face value of an off-track pari-mutuel wager; or (c) Increase the payoff of, or pay a bonus on, a winning off-track pari-mutuel wager. 2. A person who is licensed to engage in off-track pari-mutuel wagering and who: (a) Attempts to evade the provisions of subsection 1 by offering to a patron a wager that is not posted and offered to all patrons; or (b) Otherwise violates the provisions of subsection 1, Ê is subject to the investigatory and disciplinary proceedings that are set forth in NRS 463.310 to 463.318 , inclusive, and shall be punished as provided in those sections. 3. The Commission shall adopt regulations to carry out the provisions of subsections 1 and 2 of this section. 4. The Commission may, by regulation, exempt certain bets, refunds, rebates, payoffs or bonuses from the provisions of subsection 1 if the Commission determines that such exemptions are in the best interests of the State of Nevada and licensed gaming in this state. Any bets, refunds, rebates, payoffs or bonuses that would result in the amount of such bets, refunds, rebates, payoffs or bonuses being directly or indirectly deductible from gross revenue may not be exempt.

Nev. Rev. Stat. § 464.080 Suspension or revocation of license or registration: Hearing; judicial review.

1. All licenses and registrations granted under this chapter are subject to suspension or revocation by the Commission in any case where the Commission has reason to believe that any condition of its license has not been complied with or that any law or regulation of the Commission has been broken or violated. 2. A license or registration may not be revoked or suspended until after a hearing had by the Commission. Such a hearing must be initiated by the filing of a complaint by the Board and must be conducted in accordance with the provisions of NRS 463.312 to 463.3145 , inclusive. 3. The action of the Commission in revoking or suspending a license or registration issued under this chapter is subject to court review in accordance with the provisions of NRS 463.315 to 463.318 , inclusive.

Nev. Rev. Stat. § 464.100 Penalty.

Except as otherwise provided in NRS 464.075, a violation of any of the provisions of this chapter or the regulations adopted pursuant to this chapter is a misdemeanor.

Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-464.htmlFetched: 10/4/2026