Television Games (TVG) is a form of online betting that involves wagering on horse races. It is a popular form of gambling in Nevada and the surrounding states. The legality of TVG in Nevada is a common question among potential bettors. In this article, we will discuss the legality of TVG in Nevada, including the types of bets that are allowed and the regulations that govern the activity.
What Is TVG?
TVG is an online wagering platform that allows users to place bets on horse races from around the world. The platform is operated by TVG Network, a subsidiary of Betfair US. It offers a wide range of betting options, including exotic wagers, multi-race bets, and live streaming of races.
Is TVG Legal In Nevada?
Yes, TVG is legal in Nevada. TVG operates in compliance with Nevada law, which requires that all wagering activities be conducted in accordance with the state’s gambling regulations.
Types Of Bets Allowed On TVG
TVG offers a variety of betting options, including:
- Win: A bet that the horse you select will finish first.
- Place: A bet that the horse you select will finish either first or second.
- Show: A bet that the horse you select will finish either in first, second, or third.
- Exacta: A bet that the horse you select will finish in first and second in the exact order.
- Trifecta: A bet that the horse you select will finish in first, second, and third in the exact order.
- Superfecta: A bet that the horse you select will finish in first, second, third, and fourth in the exact order.
- Daily Doubles: A bet that the horses you select will finish first in two consecutive races.
- Pick 3: A bet that the horses you select will finish first in three consecutive races.
- Pick 4: A bet that the horses you select will finish first in four consecutive races.
- Pick 6: A bet that the horses you select will finish first in six consecutive races.
Nevada Regulations For TVG
Nevada law requires that all TVG activities be conducted in accordance with the state’s gambling regulations. The Nevada Gaming Control Board (NGCB) oversees the regulation of all gaming activities in the state, including TVG.
The NGCB requires that all licensed operators provide a secure and fair betting environment. In addition, all licensed operators must maintain records and provide full disclosure of all wagers placed on the platform. The NGCB also requires that all operators provide customer service and support for all TVG customers.
Age Requirements For TVG In Nevada
Under Nevada law, all customers must be at least 21 years of age to place wagers on TVG. Additionally, customers must be physically located in the state of Nevada in order to place wagers.
Taxes On Winnings From TVG In Nevada
Under Nevada law, taxes must be paid on all winnings from TVG. All winnings are subject to federal and state taxes.
Restrictions For TVG In Nevada
In addition to the age and location requirements, Nevada law also restricts the types of bets that can be placed on TVG. All wagers must be placed in accordance with Nevada law and must not involve any form of fraud or cheating.
TVG Responsible Gambling Program
TVG takes responsible gambling seriously and has implemented a comprehensive responsible gambling program. The program includes tools to help customers manage their wagering activity, such as deposit limits, self-exclusion, and time-outs.
Conclusion
TVG is legal in Nevada, and the activity is regulated by the Nevada Gaming Control Board. Customers must be at least 21 years of age and must be physically located in the state of Nevada in order to place wagers. Taxes must be paid on all winnings from TVG, and there are restrictions on the types of bets that can be placed. Finally, TVG has implemented a responsible gambling program to help customers manage their wagering activity.