7/24/2022

Legal Online Sports Betting

15

As of now, all 50 states have the legal ability to legalize and offer online gambling such as casinos, poker, bingo, and sports wagering. To date, only a handful of states have taken advantage of legal domestic online gambling. However, many states have pending bills to allow various forms of sports betting. MyBookie is one of the newest top online sports betting sites in the market. It was established in 2014 in Costa Rica and is fast growing to compete with other older bet staking sites. The minimum online wager on MyBookie is $10 and the maximum is $1000. For mobile wagers, however, there are no limits.

When looking to venture out into sports gambling, you are likely to find hundreds of online sports betting sites out there. When looking for the best sports betting sites, therefore, the most important issues to consider are the perks that come with the websites. This will ensure you enjoy the greatest sports betting online experience. These perks include signing bonuses and easy usability among others. In this article, we are going to review three of the best online betting sites, which are Bovada, BetOnline, and MyBookie.

#1 Bovada

Bovada.lv also known as Bodog.com in Canada is among the best sports gambling websites that has been in existence since 1994. The site’s domain is registered in Latvia. The platform provides access to sport, casino, poker, and racebook wagering.

Bovada has continually offered promotions and offers to its customers. For instance, first-time deposits for sports get bonuses of 50 percent for deposits up to $250, 100 percent for deposits up to $1000 for casino bets, and 100 percent for deposits up to $1000 as poker bonus.

Legal Online Sports Betting

Making a deposit or a withdrawal is easy and only attracts a small fee. For first-time deposits, the processing fee of 4.9 percent is waivered. Payouts are done using rapid transfer, otherwise known as money gram.

Bovada allows sports betting online on their user-friendly mobile interface or in their state of the art poker and casino gaming rooms. The minimum wager online is $1 and $50 for mobile bets. The only limitation to using Bovada is that the odds are posted late and that they have very low wager limits.

#2 BetOnline

Licensed and regulated in Panama, BetOnline offers sports, live, poker, casino, and live dealer types of betting. It offers a wide range of payment options and several accepted currencies, thus making it one of the most convenient sites for customers across the world.

You get a welcome bonus of 50 percent on deposits up to $2500. However, bonus levels are tiered for different types of wagering. The online game library is categorized into 3D slots, table games, slots, and video poker. Most of the bets are placed online since their mobile platform only allows sports betting.

Maximum and minimum deposits and withdrawals are different for different payment options that are offered on BetOnline. Its major shortcoming is that it has high rollover requirements that customers might find difficult to understand.

Online sports betting legal statesLegal Online Sports Betting

Bovada Sports

#3 MyBookie

MyBookie is one of the newest top online sports betting sites in the market. It was established in 2014 in Costa Rica and is fast growing to compete with other older bet staking sites. The minimum online wager on MyBookie is $10 and the maximum is $1000. For mobile wagers, however, there are no limits.

Wagering options for MyBookie include straights, totals, open wagers, action points, teasers, reverses, if bets, futures, and money lines among others. You can bet on games such as NFL Football, college basketball, NBA basketball, NHL hockey, soccer, golf, and horse racing among others.

With one of the highest bet bonuses in the industry, MyBookie gives you a welcome bonus of up to 50 percent for up to $1000 if you are a first time depositor. For reloads, they offer a 20 percent cash bonus. This makes it one of the best sports betting sites.

Its mobile platform has a user-friendly interface that makes it very easy to use. Their customer service is also highly efficient and offers top-notch customer service. This puts them among the best online betting sites today. MyBookie, however, only caters to recreational gamblers as opposed to other top sites that allow professional gambling. The site has also been said to lean more on the US sports market as compared to international sports.

Online sports betting data from GeoComply shows more than triple the action on Super Bowl weekend compared to last year.

Online transactions topped 32 million over Saturday and Sunday, up 236% from 9.5 million in 2020. That figure includes all legal online sports betting markets, of which there were an additional seven this year:

  • Colorado
  • Illinois
  • Michigan
  • Montana (on-site mobile only)
  • Tennessee
  • Virginia
  • Washington DC
State2021 Super Bowl2020 Super Bowl2021 Conference Championship% change vs. 2020 Super Bowl% change vs. 2021 Championship
All states Saturday 12,008,748 3,866,304 11,613,938 211%3%
All states Sunday 20,024,989 5,655,589 18,502,941 254%8%
All states total 32,033,737 9,521,893 30,116,879 236%6%

Further breaking down the data shows growth in three of the top US sports betting jurisdictions and a surprising leader for most online transactions: Pennsylvania.

Legal Online Sports Betting

Note that this data likely would have been higher without reported outages from multiple sportsbooks across multiple states before and during the Super Bowl.

Super Bowl betting data by jurisdiction

The GeoComply data only tracked three states specifically, for the purpose of an apples-to-apples comparison: Indiana,New Jersey and Pennsylvania.

Sports

The NJ sports betting market is the only one that’s had mobile sports betting for three Super Bowls. Pennsylvania launched mobile in mid-2019 while sports betting in Indianalaunched that October, making this their second Super Bowl each.

NJ easily led both in transactions last year, but slipped to second-best this year:

State2021 Super Bowl 2020 Super Bowl2021 Conference Championship% change vs. 2020 Super Bowl% change vs. 2021 Conference Championship
NJ Saturday 2,396,677 1,694,341 2,324,031 41%3%
NJ Sunday 3,912,685 2,547,575 3,623,073 54%8%
NJ Total 6,309,362 4,241,916 5,947,104 49%6%
PA Saturday 2,403,989 1,209,992 2,309,990 99%4%
PA Sunday 3,992,490 1,730,605 3,659,509 131%9%
PA Total 6,396,479 2,940,597 5,969,499 118%7%
IN Saturday 781,409 567,073 760,320 38%3%
IN Sunday 1,386,561 750,152 1,322,168 85%5%
IN Total 2,167,970 1,317,225 2,082,488 65%4%
Saturday Total 5,582,075 3,471,406 5,394,341 61%3%
Sunday Total 9,291,736 5,028,332 8,604,750 85%8%
Weekend Total 14,873,811 8,499,738 13,999,091 75%6%

Activity from ‘other’ legal states skyrockets

While the above table shows growth in some of the most active mature states, the next dataset shows just how explosive US sports betting growth is elsewhere:

State2021 Super Bowl2020 Super Bowl2021 Conference Championship% change vs. 2020 Super Bowl% change vs. 2021 Conference Championship
All Others Saturday 6,426,673 394,898 6,219,597 1527%3%
All Others Sunday 10,733,253 627,257 9,898,191 1611%8%
All Others Total 17,159,926 1,022,155 16,117,788 1579%6%

Along with those new markets noted above, the “all other states” segment included six that accepted online bets in 2020:

  • Iowa
  • Nevada
  • New Hampshire
  • Oregon
  • Rhode Island
  • West Virginia

How much was bet on Super Bowl 55?

The biggest question everyone wants to know now is just how much was legally bet on Super Bowl LV. PlayUSA forecasts $500 million in legal Super Bowl bets, up from about $300 million last year.

While some states will issue releases this week, we won’t have a true total until potentially late April.

Blame that delay in part on the Illinois sports betting market. The state doesn’t require sportsbooks to report their results until the end of the following month. That means those sportsbooks don’t have to let regulators know what the February totals were until the end of March.

Illinois could surprise everyone with a special release, of course. That would put the pressure on Indiana, which didn’t report Super Bowl totals until its full February report was published in mid-March.

haeplansorta1986.netlify.com – 2021