As the Nebraska Legislature convenes for a special session to address the state’s budget shortfall, two sports betting bills are set to take center stage.
The first bill, LB775, introduced by Senator Justin Wayne, would legalize sports betting and establish a regulatory framework for the industry in the state. Under this bill, Nebraska would allow both in-person and mobile sports betting, with a tax rate of 20% on gross gaming revenue. The bill also includes provisions for consumer protections, such as age verification and safeguards against problem gambling.
The second bill, LB780, introduced by Senator Tom Brewer, takes a slightly different approach to sports betting. This bill would create a state-run sports betting platform, operated by the Nebraska Lottery, in which bets would be placed through kiosks located at licensed establishments. The bill also includes a tax rate of 20% on gross gaming revenue, with a portion of the revenue going towards property tax relief.
Both bills have garnered support from various stakeholders, including sports leagues, tribal groups, and gambling advocacy organizations. Proponents argue that legalizing sports betting in Nebraska would generate much-needed revenue for the state and help boost the economy, while also providing an opportunity for consumer protection and oversight.
Opponents, however, have raised concerns about the potential negative effects of expanding gambling in the state, such as addiction and social harm. Some critics also argue that a state-run sports betting platform would monopolize the industry and limit competition.
With the special session underway, lawmakers will have the opportunity to debate and vote on these two sports betting bills, potentially shaping the future of gambling in Nebraska. As neighboring states like Iowa and Colorado have already legalized sports betting, the pressure is on for Nebraska to catch up and capitalize on this growing industry.
As the debate unfolds, both proponents and opponents of sports betting will be closely watching to see how the legislature ultimately decides on this high-stakes issue. Stay tuned for updates on the outcome of the special session and the future of sports betting in Nebraska.
