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Online Sports Betting in The U.S. Best Online Sportsbooks by State in 2020

Online Sports Betting

Online sports betting in the U.S. used to be reserved for the likes of Nevada. But, ever since the repeal of PASPA in May of 2018, other states have joined the ring and given the sports betting Mecca a run for their money.

States like New Jersey, Pennsylvania, Colorado, and Indiana have robust online sports betting markets. 

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In fact, there are 23 states that have legalized sports betting and over a dozen of them have given the green light to online sportsbooks and apps. But, each state has different rules on how these apps operate, who can operate them, and how many companies can operate them.

Which States Have Legal Online Sports Betting

Currently, a total of 14 states have legal online sports betting. These states span across the U.S. though, major markets like Florida, Texas, New York, and California are still waiting on legislative efforts to be able to launch their own sites.

States that have legalized online sports betting:

It’s worth noting that Washington D.C. has also legalized online sports betting within the district and their lottery run platform is now live. 

It’s also worth noting that Michigan, Tennessee, and Virginia are still waiting to launch online sportsbooks. Of the three, Tennessee is closest to launch and should do so by November 2020. 

South Dakota voters will be able to legalize online sports betting on their November 2020 ballot. Maryland and Lousiana voters will be able to legalize sports betting on their ballots as well, but definitive rules will need to be written during the 2021 legislative session. 

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There have been many other states that have considered legalizing online sports betting in the past but for some reason weren’t able to get it done the first time. These states will likely bring up the topic again. 

States likely to legalize online sports betting:

  • Wyoming
  • Alaska
  • Kansas
  • Missouri
  • Georgia
  • Massachusetts
  • Ohio

Best U.S. Online Sportsbooks

The best U.S. online sportsbooks vary from state to state, have differing odds, and different overall user experience. But, one thing they do have in common is that they are legal and safe to use in the states that they are regulated in.

Most popular online sportsbooks in the U.S.:

  • DraftKings (Legal in N.J., PA, IN, IA, N.H., CO, IL, W.V.)
  • FanDuel (Legal in N.J., PA, IN, IA., CO, IL, W.V.)
  • BetRivers (Legal In N.J., PA, IN, CO, IL, IA,)
  • BetMGM (Legal In N.J., W.V., CO, NV, IN)
  • William Hill (Legal in N.J., NV, IA, R.I.)
  • PointsBet (Legal In N.J., IA, IN )
  • BetAmerica (Legal in N.J., IN, PA)
  • FOX Bet (Legal in PA, CO, N.J.)
  • Caesars Sportsbook (Legal in N.J., PA, IN)
  • Bet365 (Legal in N.J.)

The finer details of these sportsbooks can be read in their reviews. There are many other sportsbooks that have entered the U.S. online sports betting market, but the ones listed here feature all the options that sports bettors love.

What Do You Need To Sign Up To An Online Sportsbook

The process you’ll need to sign up for an online sportsbook in the U.S. depends on the state you’re in. For states like Iowa and Nevada, you’ll need to register for an online sportsbook at the site’s partnered casino sportsbook. For all others, you can sign up from home.

One thing that remains the same with all states is that you’ll need to have proof of I.D. in order to comply with the state’s legal betting age.

You’ll also need to verify your location since you have to be located inside certain states in order to use their online sportsbook. 

Once you give the sportsbook your email and basic personal information you’ll need to choose a deposit method. Once you get funds into your account you can start betting!

How To Get A Promo Bonus From A U.S. Sports Betting Site

Getting a bonus from an online sportsbook often requires more steps to take than the advertisement would lead you to believe, which is why it’s crucial you read the terms and conditions before trying to claim a bonus.

Often times you’ll be rewarded with a risk-free bet or a deposit match bonus for the first bet you make or the first deposit you make into your account.

William Hill Sports betting bonus

The bonus amount of money you get is not redeemable immediately. 

Instead, you’ll have to bet through the full amount at least once before you can withdraw those funds. This is a way to prevent people from making an account just to take out their free money and then terminate their account. 

This leaves the possibility of you losing your bonus on other bets, but the fact that you have the opportunity to bet with any free funds at all is worth looking into. 

How To Deposit And Withdraw From An Online Sportsbook In The U.S.

The deposit and withdrawal options will depend on the sportsbook you use and the state you live in. But there are common ones you’ll see across the board. 

The most popular deposit options for U.S. sportsbooks are:

  • Credit/Debit card
  • E-check/ACH
  • Players Card (Provided by specific Sportsbook)
  • PayNearMe (in-person cash deposits at select 7 Eleven locations)
  • Cash at the casino cage
  • E-Wallet (Skrill or PayPal)

Every one of these options puts funds into your account almost immediately. The minimum and maximum amounts you can deposit also depend on the sportsbook but the lowest deposit you can make on average is $5. The maximums can change if you contact the sportsbook.

When it comes to withdrawals the options are a bit more limited and the payout times will take longer to hit your bank account.

The most common withdrawal options for U.S. betting sites are:

  • Check
  • ACH
  • Players Card
  • Cash at the casino cage
  • E-Wallet (Skrill or Paypal)

The fastest of these options is often the ACH as it goes straight to your bank account. The slowest would be getting a check as this option can often take up to 72 hours or longer to hit your mailbox. 

U.S. Online Sports Betting FAQs

Can I Use An Online Sportsbook Based In Another State?

No. If you live in a state that has not yet legalized sports betting then you must travel to a state that has in order to place a bet. 

Are There Any Federal Laws For Online Sports Betting?

There are two federal laws concerning online sports betting and those are The Unlawful Internet Gambling Enforcement Act (UIGEA), and the Wire Act. The UIGEA prohibits banks from knowingly accepting or transferring money to an unregulated gambling website while the Wire Act prohibits online sportsbooks in the U.S. to accept bets from people outside the state in which it is regulated.  

Are Offshore Sportsbooks Safe To Use?

The answer to this question is both yes and no. Many state laws don’t outright prohibit offshore sportsbooks. However, since they are not regulated, in the event that you aren’t able to collect your winnings there are no authorities you could go to in order to resolve the matter. This leaves your money at risk every time you bet. 

Do I Have To Pay Taxes On My Online Sports Betting Winnings?

Yes. Just like if you went to a casino, you will have to report your online sports betting winnings on your taxes the following year.

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