The online gambling situation across the United States of America varies depending on what the specific state has adopted as gambling regulations. In some states, there is a difference between on-site gambling laws and online gambling which is oftentimes not regulated. However, if you are an avid online gambler that is aiming at sports betting at some online casinos based in the USA, there is a number of things you should be familiar with prior to betting any real money. This is where our team at CasinoDaddy.com comes in handy as we have already researched all of the topics that might have valuable information for you and we have summarized them in the following segments. In this particular review, we have put together all of the states at which you can freely practice sports betting, recommended payment methods for the USA, future gambling laws and of course, the most used bonuses and promotions for online sports betting. Feel free to read more down below so you can get your hands on all of the information you may need!
The Supreme Court of the USA lifted the federal ban on sports betting back in 2018 which automatically allowed states to legalize it if they decide to. Even though three years might be a long time for some and not enough for others, we have compiled a list of the states in which online sports betting is fully legalized by far. Our team has researched all states but currently, some of them are accepting only physical sportsbooks, have a pending status (do not accept bets at the moment), are working on regulations for 2021-2022, and others who are not seeing legalized online sports betting any time soon.
Colorado is one of the states that accept full mobile betting with multiple options and has actually become one of the most robust markets. The state joined accepted online sports betting in September 2020 and along with other states recorded over $200 million a month which is solid proof of how well sports betting is doing. Also, Colorado is known for one of the best operator-friendly setups that are going to include numerous new digital sportsbooks in the upcoming years.
Indiana is another state that has legalized online sports betting ever since 1 September 2019 and has reached an all-time high with $200 million a month during the 2020 football season. The state has a few major players on the sports betting market currently but a lot more sportsbooks are expected to join Indiana's sports betting success.
Iowa legalized online sports betting and started accepting bets on 15 August 2019. Firstly, the regulations needed players to make registration in-person but this requirement was lifted in 2021 which should further boost the market. The recorded bets that Iowa accepted in September 2020 were $72 million which for a state without any professional sports teams and has a smaller population is quite impressive.
New Jersey was the state that actually initiated the Supreme Court's decision to allow legalized online sports betting. The state was the third to join the online sports betting market and has been setting state records ever since. Even though, New Jersey has plenty of physical sportsbooks, over 80% of the bets are taken online which was also boosted by the COVID-19 pandemic. The state registered an impressive $5 billion from bets in 2020 which is definitely putting it among the leaders of the market.
Michigan joined the full mobile sports betting on March 11, 2020 and is one of the states with the highest potential of becoming a leader in the USA online sports betting market.
Sports Betting is one of the most popular forms of gambling and thanks to the latest technology implemented by software developers it is now available online. If you are new to this industry, we have prepared some of the different types of sports bets that can help you out when wagering your funds.
The most basic sports bet is the straight bet which is also the most common bet used by gamblers in sports such as football or basketball. There is a betting line that is always set and gives players two options. They can either bet on the favorite, giving up the points, or place a bet on the underdog and receive the points. The favorite needs to receive more than the betting line whereas the underdog needs to receive less than the betting line.
The next common sports bet is the total line bet which is even simpler. There is a set number for the combined final score of the teams and the idea is to bet on the actual score as ‘under' or ‘over' this exact number.
Money Line Bets means you are betting on a specific team to win without any betting line. The risk that comes with this type of bet is the actual amount that you have to wager in order to pick either the favorite or the underdog. Even though these bets are available for all major sports, they are most commonly used for baseball and hockey.
As previously mentioned, the sports betting market has been one of the fastest-growing ones worldwide and even though the regulations vary for each country, there are a number of players' needs that should be covered at all times. Of course, among these primary needs are the necessity for safety and convenience when it comes to payment methods.
One of the most popular payment methods at US Online Sports Betting is credit and debit cards. Most casinos accept both MasterCard and Visa but US-based online sportsbooks, Discover cards, and American Express are also available. This payment method is believed to be fast, secure, and reliable which is why plenty of players prefer to use them.
Cryptocurrencies which are the latest casino trend have become one of the players' preferences as they boost the safety level of the transfer and are also time-saving. The reason behind all of these features is the blockchain technology that prevents players from all types of fraudulent activities that may occur.
PayPal is another preferred payment method among US players which is why it is also one of the most popular options at online sports betting venues. The popularity of PayPal is mainly due to its fast transfers and withdrawals, along with acceptable transfer fees.
We have mentioned that the Supreme Court has lifted the ban on online sports betting in 2018 which has not been that long ago. This is why there are plenty of states that are still adopting new gambling regulations and are about to accept online sports betting.
Arizona has passed online sports betting bill in April 2021 which is still awaiting further action by the regulators. Even though there is still a final decision to be heard, officials are predicting legal mobile wagering by Fall 2021.
Connecticut is also on the verge of getting legal online sports betting which is still being overlooked by the regulators. However, a deal was struck in 2021 which allows for mobile sportsbooks and state lottery to be spread statewide. The federal approval is expected to be received by Fall 2021.
Florida officials also went forward with signing a deal that will guarantee the opening of online and retail sports betting in the state. Of course, there are still a lot of points to be cleared out but the first step has been successfully taken.
Maryland's residents have also decided to say ‘yes' to legalizing sports betting in the state during the November 2020 elections. This led to a finalized legislation in April 2021 that promised 60 online and 30 retail sportsbooks.
Players need to always keep in mind gambling should be done responsibly which is why in most countries worldwide where gambling is regulated, there is a legal gambling age under which people are not allowed to wager money. When it comes to the United States of America, players must be either 18 or 21 in order to gamble no matter if we are talking about an online casino or a land-based venue. In most of the states, the minimum age requirement is 21 years old but there are some states that consider 18 years old an age at which individuals are able to make decisions on their own such as Montana, Washington DC, Utah.
One of the most important features of online sports betting for players are the provided bonuses and promotions that can further boost players' winnings. There are plenty of bonuses that can benefit your gameplay such as a Welcome Bonus, a no deposit bonus, free spins, and many more. We have come up with a recommended list of online venues that can provide you with some hefty bonuses so feel free to read more down below.
Borgata Casino is an online platform that is ready to offer you a 100% Deposit Match for up to $1,000 and $20 Free for every new player. This might be considered as a welcome package that is quite generous for the casino industry. Also, if you become a loyal player at the casino, you can take advantage of a VIP Program that brings even more special offers.
Party Casino is another online venue that comes with a Welcome Bonus Package of 100% up to $1,000 on your first deposit. What is more, you can take advantage of a daily promotion which is called Daily Click Card. This promotion is triggered by wagering at least $10 on a game of your choice which will give you access to a Daily Click Card that can end up rewarding you with free spins or other amazing awards.
BetMGM is an online platform that offers its new customers a No Deposit Bonus of $25 with a small wager of just 1x which is valid for 7 days. There are no further requirements in order to receive it other than making a registration. The online casino offers a lucrative Sports Betting Welcome Bonus of Risk-Free First Bet up to $600 which automatically triggers a bunch of awards you do not want to miss out on!