Tuesday, 9 October 2018

Nascar Announces It Will Set Its Own Betting Guidelines Next Year

The National Association for Stock Car Auto Racing (NASCAR) has announced that it will be setting its own sports betting guidelines next year.

NASCAR President Steve Phelps announced the news during the Monster Energy NASCAR Cup Series playoff at Dover in Delaware on Sunday (October 7) following the launch of a betting kiosk last week at the Dover International Speedway, where the races were being held.

At the kiosks, bettors could bet on the winner of the overall race, the winner of individual stages as well as match-ups between drivers or the number of lead changes, the Associated Press reports.

According to Phelps, there are no explicit prohibitions on players and team members making bets on NASCAR, an issue he hopes will be addressed in the company’s new guidelines next year.

Phelp’s NASCAR Announcement

Speaking at the Monster Energy NASCAR Cup Series playoff, Phelps said: “I think for ’19, we’ll have some that we’ll put in place.

“For right now, there’ll be betting here. They have a kiosk here, you can bet inside. We’ll study and see how that goes, but I think we’ll have some rules in place for sponsorship, for what betting looks like, and continue to see what happens in the landscape overall.”

He added: “The way the rulebook looks today, I think the team and the drivers understand what it looks like today, and I think we’ll clarify for ’19 with more specific language in it.”

Phelps also claimed that specifying rules would help boost sponsorship interest.

Denis McGlynn, the CEO of Dover Motorsports, told the Associated Press: “We don’t anticipate a huge movement from a revenue standpoint for the gaming company. What we’re hoping for is just the ability to broaden the field of wagering on sports to include NASCAR will somehow increase the interest in it.”