A new Nevada law permits business entities to wager at Nevada race and sports books. Senate Bill 443 (SB443), which was signed into law by Gov. Brian Sandoval on June 2, 2015, provides the legal mechanism for investors and bettors, including those outside of Nevada, to invest in a business entity whose bets are placed by a professional bettor and share in the winnings. As a result, investors in the bettor entity can pool money to make larger bets, paving the way for dramatically increased race and sports wagering in Nevada.

Under prior Nevada law, only individuals were permitted to place bets at race and sports books in Nevada. However, the new law expressly authorizes business entities, which can be any entity organized and existing under Nevada law, including corporations, limited liability companies and limited partnerships, to place wagers in Nevada race and sports books.