Nevada state legislators have resumed their push to bring so-called ‘entity’ betting to the state’s sportsbooks.

On Tuesday, a Nevada state senate committee held a hearing on SB 443, which would allow business entities to place wagers with sportsbooks. The bill would allow individuals the opportunity to share in the proceeds of betting activity by partnerships like, for example, Billy Walters’ Acme Group Trading.

Under the 1992 federal PASPA legislation, Nevada is the only state allowed to offer single-game sports wagers. Supporters of the entity betting proposal say Nevada sportsbooks could dramatically boost wagering handle by allowing out-of-state bettors a way to access legal sports betting services without travelling to Nevada.

SB 443 supporters say the plan would work like a mutual fund, in which entity investors would benefit financially from winning wagers but would have no say in the specifics of the wagering activity. That would ensure the plan doesn’t contravene the 1961 federal Wire Act, which bans the interstate transmission of sports betting information.