Nebraska Moves Closer to Online Sports Betting Legislation

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00:00Okay, Nebraska sports bettors have to go in person to make bets, but I know that they've

00:07been pushing to get this online for a number of months.

00:11How much closer do you think, Sam, that this is getting?

00:14Yeah, it's getting closer from the standpoint that there's a lot of support behind it happening.

00:20The problem here is so much support is needed for this to happen, and more importantly needed

00:25for it to happen anytime soon.

00:27A Senate committee in Nebraska advanced a bill this week that if it gets to the Senate

00:33floor, the Senate votes on it, it'll essentially allow voters to vote on the ballot if they

00:37want sports betting.

00:39But everything else is what happens after that.

00:41They need about 80% of the full Senate vote for this to pass.

00:45If they don't get it, they need 60% for it to pass in 2026.

00:49So a lot of support is really needed here because of the nature of changing a gaming

00:54law in a state like Nebraska is really difficult.

00:57If this does get to the ballot, people would have to overwhelmingly approve it.

01:01And then lawmakers would then come back in January 2025 to then figure out how sports

01:06betting is all going to work, what the legal framework would look like.

01:10So there's a ton of steps, a ton of you have to approve this for us to approve that for

01:14us to approve this.

01:15So it's still pretty far away in Nebraska.

01:17You only have four casinos in place that's at right now, but things are progressing in

01:22a good direction.

01:24It's just going to be a very, very slow direction if you're in Nebraska and you want online

01:27sports betting.

01:28So it'll be something we monitor for the rest of the year as it continues to unfold.