Gambling Sports Online

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ATLANTIC CITY, N.J. (CBS/AP) — Experts believe that huge holes in state budgets due to the coronavirus pandemic and the demonstrated eagerness of fans to bet on sports are likely to spur a further expansion of sports betting and online casino gambling. Speaking at the Betting On Sports America online conference, gambling executives, analysts and lawmakers agreed that the lure of new tax revenue could prove irresistible to cash-strapped state governments facing large deficits due to the pandemic.

Illinois Online Sports Betting Launch. Legal online sports betting launched in Illinois on June 18, 2020, but things are just getting started. Unlike other states that have gone live with multiple online sportsbook offerings, BetRivers is currently the state’s lone online option. At least for now.

The source for in-depth betting site reviews, current betting lines and odds, game previews, sports betting guides, and futures trackers. Maximize your online sports gambling excitement. Online sports betting apps are now live in Tennessee. Mobile sports betting is legal as long as you play at licensed sports betting operators and within the Tennessee border. You can sign-up and bet anywhere using your phone, tablet or on the operator’s website as long as you are over the age of 21.

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And the results of last month’s elections, in which voters in numerous states approved allowing or expanding casinos or sports betting, show that demand exists for legalized gambling in additional states. According to the American Gaming Association, the casino industry’s national trade group, 44 states plus Washington, D.C., have legalized some form of casino gaming, including sports betting.

“Most states are going to need revenue,” said Andrew Winchell, director of government relations for FanDuel. “Online casinos and sports wagering are new opportunities for this. It’s not just a new source of revenue, but also a hedge against brick-and-mortar (casinos) having to close for a period. States like New Jersey that had online casinos were able to get tax revenue and keep operating online.”

Like most states, New Jersey shuttered its casinos for more than four months earlier this year as the pandemic spread across the U.S. Most physical casinos around the country are operating under restrictions limiting the number of people allowed inside.

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“Legislators are going to be looking under every couch cushion to find new revenue,” said Chris Cylke, a senior vice president with the American Gaming Association. “They’ll be looking at expanding brick-and-mortar (casinos), and iGaming will be an essential discussion to have in state legislatures.”

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By the end of 2021, at least 25 states and the District of Columbia could have legal sports betting in place.

But states should temper their enthusiasm about sports betting revenue as a budgetary windfall. An Associated Press analysis of sports betting revenue and U.S. state budgets in 2019 found that numerous states missed their revenue projections. The AP found previously that taxes on sports betting would generate just a fraction of 1% of most states’ budgets if they met their estimates.

Still, some New York lawmakers are pushing hard to adopt mobile sports betting despite opposition from Democratic Gov. Andrew Cuomo, who thinks such a change may require a constitutional amendment. State Sen. Joseph Addabbo Jr. said his state has a potential budget deficit of up to $20 billion amid the coronavirus pandemic.

New York Assemblyman J. Gary Pretlow said both chambers of the state Legislature will include sports revenue as part of a revenue package for the next state budget, which is due in April.

“The tens of millions in additional revenue, they can’t thumb their nose at it,” he said.

Gambling was a big winner in the November elections.

Maryland, South Dakota and most parishes in Louisiana approved sports betting. Virginia approved casino gambling in four locations, Nebraska authorized adding casino games at its horse racing tracks and Colorado expanded the number and type of casino games it can offer, along with eliminating some wagering limits.

Andrew Zarnett, managing director of Jeffries LLC, predicted the expansion of sports betting will bring online casino gambling along with it in many places. That is particularly true in states bordering states that recently adopted gambling, including Texas, he said.

“The border of Texas runs up and down Louisiana; that just puts additional pressure on a state that’s already talking about it,” he said. “That will be the next thing to look for.”

Other possible effects could include a renewed push for mobile sports betting in Mississippi, with Louisiana and Tennessee offering sports betting on either side of it, panelists said.

“There is an urgency to adopt sports betting that has taken us by surprise,” said Adam Greenblatt, CEO of BetMGM. “What we’re seeing is latent demand and massive ramp-up.”

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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

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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.

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.

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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.

#3 MyBookie

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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.

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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.

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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.