The Rise of the Online Sportsbook

gambling online sportsbook

The online sportsbook gambling industry has grown at a staggering rate since the Supreme Court struck down PASPA in May 2018. It is now legal to wager on a wide variety of events and propositions from the comfort of your home, office or even on your mobile phone. The best online sportsbooks are easy to use and feature a variety of payment methods including Visa, MasterCard and American Express. Most sites also offer e-wallets, such as PayPal and Skrill, for added convenience.

In addition to offering a variety of betting markets, top online sportsbooks will often provide responsible gambling resources and a self-exclusion list for problem gamblers. These resources typically include a hotline, external websites and other tips on how to avoid problem gambling. Most legal sportsbooks are run by trustworthy brands with a long history in the gaming industry and a reputation they’d like to preserve.

Nevada was a pioneer in the field, opening its first sportsbook in 1967. Today, the state’s sportsbooks book billions in bets annually and have cemented its status as America’s premier destination for legal betting. Nevada is home to more than 30 licensed and regulated sportsbooks, which accept wagers on a wide range of major sporting events from the NHL to golf.

New Jersey moved quickly after the Supreme Court decision and was among the first states to launch retail and online sportsbooks. Its sportsbook industry is now a model for the rest of the country. New Jersey is home to nearly two dozen legal sportsbooks, featuring some of the most popular names in American gambling.

Colorado was another of the states that took a quick and aggressive approach to sports betting after PASPA’s dissolution. It’s one of the most operator-friendly markets and in 2022 was among the top six states in dollar volume for sports bets. In addition to its 33 licensed casinos, Colorado has 26 sportsbooks with a variety of different online options, including DraftKings and FanDuel.

The state of Iowa was a little slower out of the gate, but its online sportsbooks are now thriving. The Hawkeye State’s sportsbooks have seen more than $5 billion in bets since they launched, and the industry has surpassed expectations. The state’s sportsbook operators have been very generous with bonuses and other promotional offers, and they have taken advantage of a growing market to boost profits.

Ohio is another late bloomer when it comes to sports betting, but its online sites finally launched in January of 2023. The state’s sportsbooks feature the likes of DraftKings, BetMGM and Caesars along with local entrants such as SugarHouse.