In a unanimous vote, the Nevada Gaming Commission Thursday approved USFantasy to provide daily fantasy sports (DFS) contests to all major casinos in Nevada.
The casinos will subscribe to the USFantasy platform through a licensed disseminator, which will distribute the contests to race and sports books within Nevada casinos. USFantasy contestants will have the chance to win a $1 million prize in a weekly professional football contest.
Addressing the Nevada Gaming Commission, USF President Vic Salerno explained, “We will begin operations in August with daily fantasy professional baseball and then football and continue with a library of over 11,000 different events annually.” The fantasy contests will offer Win/Place/Show, Exacta and other exotic wagering for all sports contests offered.
For pro fantasy football, a $1 million progressive jackpot Pick 7 contest is planned for correctly selecting the winners of seven different contest categories. The progressive jackpot pool will grow weekly if there is no contest winner.
The USFantasy daily fantasy platform utilizes a pari-mutuel system, which creates a fair and transparent environment for all contestants. The contest selection process is quite simple with less than twenty entries in each contest category.
Daily fantasy sports is on the radar of nearly every state regulatory and legislative body in the United States.
“We are actively working with the legislative and regulatory bodies of several states to propose the adoption of the USFantasy platform as a turn-key way to regulate, provide tax revenue, and offer a fair platform for fantasy sports through casinos, racetracks, and lotteries where legal. People enjoy DFS because it is exciting and can be financially rewarding. We believe that USFantasy has developed a great contest format that will appeal to all levels of contestants, from novice to skilled,” stated Salerno.
Today’s decision by Nevada regulators is the first DFS license granted by any regulatory body in the United States.
The two major companies offering daily fantasy contests pulled out of Nevada after the Gaming Control Board ruled that they needed to have sports book licenses.
USF is the first company in the country to offer the contests on a pari-mutuel platform
Phil Hevener has been writing about the Nevada gaming business for more than 30 years. Email: