Nevada Governor Brian Sandoval has signed two new bills that could help boost the US state’s sports betting industry. According to the Las Vegas Review-Journal newspaper, the state’s sports betting industry already attracts approximately $3.9 billion (€3.5 billion) in wagers each year. However, the two new bills, which were this week signed into law by Sandoval, could potentially increase this figure. Senate Bill 443 will authorise the formulation of business entities to place race and sports pool wagers, with investors allowed to join business entities and share profits and losses from large wagers at Nevada sports books. In addition, Senate…

From Vegas Inc Wagering on sports has come a long way since the days of the cigar-chomping, mob-backed neighborhood bookie who would take bets on games. Today, the bettors are far more sophisticated, armed with computer-driven statistics and analytics used to beat the bookmakers in Nevada’s legal sports books as well as the offshore books that the Internet-savvy can find — betting markets that have an estimated $500 billion handle per year. Several presentations at this week’s International Conference on Gambling & Risk Taking offered research on trends gamblers are using to become more sophisticated in their betting. Kevin Krieger…

From iGaming Business A man found guilty of assisting in the operation of an illegal online sportsbetting operation in the US state of Connecticut has been ordered to serve a 15-month federal prison sentence followed by three years of probation. Mitchell Engelson of New York pleaded guilty to one count of helping to run an illegal online sportsbook in mid-February and received his sentence late last week from Vanessa Bryant, United States District Judge for the District of Connecticut in Hartford. The 63-year-old was one of 20 individuals charged with various offences related to their involvement in illegal online sportsbetting…