Sportsbook regulations would target money launderers
By Richard N. Velotta, Las Vegas Review-Journal
When the Nevada Gaming Commission meets Thursday, members will consider tinkering with Regulation 22, the state’s rules governing race and sportsbook wagers.
Under scrutiny will be a section that would require new record-keeping requirements on all wagers that pay out more than $10,000.
Most sportsbook players won’t be affected by the changes proposed because there’s already a mechanism in place for books that generate more than $1 million in annual gross gaming revenue to file paperwork with the Internal Revenue Service whenever someone wins more than $10,000 on a sports bet.
