Sports

NASCAR to set betting regulations in 2019

Jake Patel
Posted on October 8, 2018

Steve Phelps, President of NASCAR, said that the motorsport series is set to put sports betting guidelines in place in 2019.

This past weekend, the Dover International Speedway in Delaware opened an on-site sports betting facility to fans and spectators of the Monster Energy NASCAR Cup Series Playoff.

This also marked the first time a sports venue in the US, that doesn’t host boxing or horse racing, has allowed sports betting on its premises.

According to a report from Associated Press, during the event, Phelps said: “I think for ’19, we’ll have some rules 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.”

At the moment, NASCAR does not stop drivers or team members from placing bets on the races, but this may be subject to change in the future.

Phelps added: “The way the rulebook looks today, I think the teams 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 commented on sponsorship opportunities for the motorsport series.

“From a sponsorship standpoint, I think sponsorship will definitely gravitate to NASCAR as most sponsors do because of the return on the investment they can get because of the visibility that it has.”