Olympic Betting Allowed in Vegas

The 2016 Summer Olympic Games will begin in less than a year in Rio de Janeiro, Brazil, and those who want to bet on the games will be happy to know that the Nevada Gaming Commission is allowing olympic betting. In other words, gamblers can bet on the games in Las Vegas.

The first sportsbook in Vegas to open wagering on the 2016 Summer Olympics was William Hill U.S. Commenting on this achievement, William Hill U.S. CEO Joe Asher said that the games in Rio de Janeiro have the potential to be huge in August of next year.  The CEO stated that the company is looking forward to continually expanding its Olympic menu over the course of the next several months leading up to the games.

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However, if you do want to get in on all the Olympic betting action, you will need to access a participating sportsbook to be able to make your wager. Odds have already been posted.  For instance, at William Hill U.S., the U.S. is favored to win more gold medals than China, and Jamaica’s Usain Bolt and the U.S. men’s basketball team are both favored heavily to win gold for the third time in a row.

Olympic betting in Vegas is expected to be huge. The 2012 London Olympics was the most-watched TV event in U.S. history, with more than 219 million American watching the games. This number is likely to be even higher when the games take place in a country where there is only a five-hour time difference between Vegas and Rio, which means that more Americans will be able to watch the events in real time.