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Which State Will Launch Online Sports Betting Next?

Sports gambling winnings are subject to income tax, and you must report them on your tax return. Upon filing your annual tax return, record any winnings and your tax payments. Depending on your tax rate, you may have to pay more or get some of your money back. You can deduct gambling losses only up to the amount you’ve won and reported. Mobile wagering capabilities vary by the sportsbook, but the process is similar. Log in to your account, select the sport or event you want to bet on, access the bet slip, enter the stake and confirm your bet.

Pennsylvania was the first “big” state to offer online sports betting inside its borders. Like New Jersey, the Keystone State had a sports betting law already on the books when the Supreme Court threw out PASPA. So, launching sports betting was only a matter of creating the rules and licensing companies to operate. New Jersey has also been the launching pad for many sportsbooks and sports betting features that are now commonplace in the US. Both DraftKings and FanDuel made their bones as sportsbook operators, rather than simply DFS companies, in the Garden State. In addition, New Jersey was the first place in the US to experience the cashout option and one of the first states to explore the possibilities of live betting and Oscars betting.

That means online sports betting has been legal in the state for quite some time. The state lottery has partnered with DraftKings, so that’s the only online operator for placing wagers in the state. Sports wagers are legal at commercial casinos and racinos, OTB venues, mini-casinos, and online by mobile app, with no collegiate betting restrictions on in-state or out-of-state games. Another commercial casino is expected to open in Pennsylvania this year, further increasing state revenue. Still, there’s a chance that state lawmakers will enact Massachusetts sports betting in some shape or form before the last day for formal action in the current legislative session arrives on Nov. 17, 2021. Right now, Massachusetts has fewer than five months to get a regulatory bill through to Gov. Charlie Baker if it wants to have legal sportsbooks in time for the 2022 Super Bowl.

The industry is still going strong with a very loyal client base, and there’s plenty of room for new users to get involved. To that end, BetRivers offers up one of the best loyalty programs available for sports bettors. In a nutshell, you earn points for the bets you place, and you can rise to different tiers as they accumulate. Caesars Sports also maintains excellent customer service options, with Caesars representatives available through phone, email, and live chat. In states with online casinos or poker, you can also look forward to a fully integrated site where you can move back and forth between the different options seamlessly. Mobile sportsbooks will likely offer new customer promotions, including free bets, deposit match bonuses, and “risk-free” bets to entice new users to join with the service.

Outside of the standard sides and totals, take a look to see what it has to offer on futures and props. Sports betting apps provide users with the luxury of having a real live sportsbook on the go. Those without an app for iOS or Android in certain markets will generally have their site fully optimized to work on mobile. Experienced sports bettors know what they want in a sportsbook, and those new to the game will get there before too long. PointsBet is solely focused on sports betting, and it shows in its product offering. The competitive environment inspires innovation, a commitment to service, and the development and maintenance of platforms that hit all of the right notes.

A handful of Native American casinos have opened retail sportsbooks, which permit college betting as well, but these too are small revenue generators. North Carolina legalized in-person sports betting in July 2019 for two tribal casinos in the western portion of the state, taking its first bet in March 2021. Michigan is becoming one of the biggest sports betting and online gaming markets in the country, and its legislation allows for a competitive market with multiple operators. In 2020, voters in 55 of the state’s 64 parishes supported legal sports betting, including all those around New Orleans, Baton Rouge and Lafayette. But after two Florida pari-mutuels filed a motion in federal court late Tuesday to block the sports wagering component of the 30-year gaming deal from being implemented, don’t bet on it. Mr. Murphy’s office would not divulge which team the governor might bet on Thursday at Monmouth Park, or even which sport.

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