Players must be at least 21 years old and residents of Nevada.
"Other states will be watching Nevada closely to see whether it can effectively implement technology solutions that allow gambling businesses licensed there to identify the age, identity and location of their customers," Chris Krafcik, North America research director online gaming analysts Gambling Compliance, said in an email.
Internet betting was banned by Congress in 2006, but tax-hungry states are now relaxing rules.
Players put money into the pot through bank wire, mailed checks or by withdrawing cash at one of 16 Station casinos.
The site will be marketed with Ultimate Fighting Championship, the mixed martial arts competition that is operated by Frank and Lorenzo Fertitta, brothers who also control Station Casinos.
(Reporting by Ronald Grover in Los Angeles; Editing by Lisa Shumaker)
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