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LB 421

Allow an authorized gaming operator to conduct sports wagering by means of an online sports wagering platform under the Nebraska Racetrack Gaming Act and change the distribution of taxes collected from sports wagering

109th Legislature (2025-2026) Introduced by Tom Brandt and 3 co-sponsors

Bill 2 SummaryBill Number: LB 421Title: Allow an authorized gaming operator to conduct sports wagering by means of an online sports wagering platform under the Nebraska Racetrack G

Title printed. Carryover bill
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Bill Summary · LB 421

Bill 2 Summary

Bill Number: LB 421
Title: Allow an authorized gaming operator to conduct sports wagering by means of an online sports wagering platform under the Nebraska Racetrack Gaming Act and change the distribution of taxes collected from sports wagering

Key Provisions:
- Establishes regulatory framework for online sports wagering in Nebraska under the Racetrack Gaming Act
- Allocates tax revenue from sports wagering:
- 3% to Compulsive Gamblers Assistance Fund
- 3.5% to Racing and Gaming Commission's Racetrack Gaming Fund
- 3.5% to Racing and Gaming Commission's Racing Cash Fund
- 90% to Property Tax Credit Cash Fund

Impact:
- Legalizes and regulates online sports betting in Nebraska
- Provides new revenue streams for compulsive gambling assistance, racing industry, and property tax relief

Timeline:
- Bill introduced in January 2025
- Notice of hearing scheduled for March 10, 2025

Compiled from official sources — confirm details with the bill’s official record.

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