Evolution of sports betting in America

Several sports betting sites have been selling internet betting to American sports lovers for more than a decade. Their products are well established and offer a wide variety of sports, betting forms, as well as special deals and promotions.

The primary concentration in the US is on four professional sports: soccer, football, baseball and hockey.

Today, these betting platforms are broad enough to sell lines across a vast spectrum of niche and international sports. Golf and motorcycle racing are highly common. You’ll also see lines for basketball , tennis and boxing.

Online betting platforms compete with one another to draw buyers. To draw new bettors, they offer welcome packages that typically include free steaks or stakes. Take note just how many discounts and deals are meant for repeat buyers. The best websites are trying to keep their loyal followers happy, and they are still trying to draw new customers. 

While there are many trustworthy and lasting brands in foreign countries, bettors are properly concerned about the protection and legitimacy of these website operators. There are a few basic assessments that everyone can perform in a matter of minutes. These will help you check that you are depositing money with a trustworthy operator.

Once you have chosen a legal US betting place, you may need to make a deposit

We also suggest sticking to labels with at least five years of experience. It is very unlikely for an operator who does not pay or act ethically to continue in operation for a long time to come. If there are some issues, it’s generally going to be online really soon. Brands have been caring for their clients for many years and have maintained a strong reputation as a picker. 

Finally, you can ensure that the provider has a responsible gaming program and several means of communication with the customer service team. 

Most Recognized Sportbook Brands in U.S.

After a day goes, another U.S. state sets a new high for sports betting activity. However, the state reports only track revenue and handle without the participation as well as the number of bettors. A new survey from the market intelligence firm Civic Science has an idea.

The survey said that about 6% of adults living in states that sports betting are legal to have ever used or plan to use FanDuel and DraftKings.

The figure may not sound like a lot if it does not consider the context. The UK’s most popular betting site named Sky Bet, has about two million quarterly customers, equivalent to 4.5% of the UK adults.

Or another comparison, 6.7% of adults in the UK bet on sports in the previous month in a recent survey of the UK Gambling Commission. Those adults used at least of out of the sports betting apps in the UK.

Therefore, a 6% penetration for a single app in the UK seems great strong. Of course, the comparison is not perfect as the UK data is for over-16 bettors on sports in the previous month while the U.S. data is over-21 ones have or plan to use the app.

After FanDuel and DraftKings with 6% use/intended use, BetRivers came third with 3%, followed by Fox Bet, Barstool Sportsbook, and PointsBet with 2% each.

In the same research, Civic Science polled about 7,000 U.S. people across the nation on sportsbook brand awareness. DraftKings and FanDuel topped the list again with 41% and 38% brand awareness, respectively.

Barstool Sportsbook came in third with 27% awareness, proving that new brands could enter this market and make a name immediately, Civic Science said. The app has just launched in Pennsylvania for a month and a quarter of Americans say that they are aware the existence. The early numbers suggested that Barstool is indeed making an impact in its first market.

New Jersey Sets Record in U.S. Sports Betting Monthly

New Jersey gamblers spent about $668 million on betting on baseball, basketball, and hockey seasons in August, marking the month high record in the United States.

The figure beat the previous record set by Nevada worth $614 million in November 2019. It also surpassed the last high set by New Jersey worth $562 million in the same month.

The extra money helped compensate for the losses incurred in New Jersey’s casinos and two race tracks that offer sports betting due to the Coronavirus disease 2019 (COVID-19). The high record helped them rebound financially.

The casinos and tracks won about $326.3 million from gambling players during the month, the state Division of Gaming Enforcement showed.

That figure was surprising to the casinos when they were restricted to operate at 25% of capacity. The total also included a doubling of online gambling revenue compared to the same month of last year.

The casinos and tracks saw the revenue fall by only 7.5% y/y when they were not hurt by the pandemic. Only two casinos, namely Ocean Resort and the Golden Nugget, made efforts to post a year-on-year increase in revenue in August. Of which, Ocean’s revenue rose 3.7% y/y to $26.6 million while Golden Nugget’s increased 2.5% y/y to $37 million.

Meanwhile, Caesars recorded the most significant decline in revenue after earning $21.2 million, down 31.4% y/y. It was followed by its sister property Harrah’s with $21.4 million, down 31.3% y/y, Resorts with $13.8 million, down 28.8% y/y, Tropicana with $26.5 million, down 26.5% y/y, Bally with $15.2 million, down 21.3% y/y, Borgata with $64.7 million, down 19% y/y, and Hard Rock with $39.4 million, down 3.5% y/y.

After paying the winning bets to gamblers, the casinos and tracks earned $39.5 million from sports bets in August, marked the first full month of baseball this year. Besides, the gamblers also had basketball and hockey playoffs to bet on.

Online Betting on Horse Racing in USA

Horse racing has its long-time history in the United States. However, it could be traced back in 1665 when a horse race track was established at Salisbury, New York. The Newmarket course organized the first horse racing event in the history of the United States. From that, this sport has become more popular and popular. 

By 1890, there are 300 horse race tracks operating in the United States. Four years later, the American Jockey Club was founded. Due to World War II, horse racing became less popular until horses began to win the Triple Crown, a series of three races namely the Kentucky Derby, the Preakness Stakes, and the Belmont Stakes.

Bet on Horse Racing in U.S.

Gambling has been restricted in the United States. In the 20th century, an anti-gambling organization in the United States let many bookmakers be banned. Such bans brought a huge blow to horse racing, which depended on gambling.

However, the pari-mutuel betting was still permitted on the Kentucky Derby in 1908. Nowadays, people from all around the world can bet on the biggest horse races in the United States, such as the Kentucky Derby every year. However, betting on horse racing is regulated by each state where the race is organized, such as Kentucky for the Kentucky Derby. 

Online Horse Racing Betting in U.S.

Although the online sports betting is still out of reach for many U.S. people, the online horse racing betting is more popular in this nation. The United States legalizes residents to bet on horse racing via online channels. Therefore, a person in the United States can bet as much as they want on the horse racing events such as the Kentucky Derby but cannot place a $1 bet on online poker. 

There are some legalized online betting sites in the United States which specialize in betting on horse racing. These firms operate with a license from the states where they are located.

U.S. Realizes Online Sports Betting Potential

Unlike the prediction, the COVID-19 lockdown that paralyzed most of the U.S. states for the first half of this year, especially brick-and-mortar businesses, has promoted the online sports betting.

The move was attributed to the safety and health concerns and the expectation to look for alternative sources of funding to offset the losses amid the COVID-19 pandemic.

When the public expense is tightened and the federal government is offering relief funding, many states are making efforts to find more money to alleviate the situation, hence sports betting comes in.

The sports betting competition played an important role for the first part of 2020 when the sports leagues have been returned.

The NFL has kicked off with all franchises coming back although the American Gaming Association (AGA) has predicted that only 33.2 million bettors would take part in this season, down from 40 million in the 2019-2020 season.

The NBA and the NHL have also restored their season. The playoffs have been kicked off to shave off a number of teams.

The return of such sports leagues has been a success in the United States, especially amid the complicated development of the global pandemic. All organizations provided the safety measures and protocols to prevent the spread of the disease. However, despite the efforts, many athletes have opted not to play this season.

Encouraged by the interest in sports and the ability to weather the impacts of the COVID-19 pandemic, legislators across the United States have been speed up the introduction of working sports wagering legislation.

Massachusetts’ is one of the U.S.’s states to have tried to introduce sports betting. However, the state need to handle some issues before the legislation can be approved by the State Senate, which had objected to the sports betting.

California’s State Sen and Assemblyman also restarted the push for the Sunny State’s sports betting industry in July. They are trying to put the questions on the November ballot.

U.S. Sports Betting Recovers after Major Leagues Resume

The Coronavirus disease 2019 (COVID-19) has negatively affected all sectors in the world, including sports. Due to the lockdown, the international sports tournaments had to be canceled while some national events were organized without spectators. The cancellation has hurt the sports betting industry, especially in the United States, which is home to a wide range of wagers.

After the COVID-19 pandemic has been gradually curbed, major sports leagues have been resumed, leading the recovery for the U.S. sports betting sector. The market has seen a wide range of new operators and states releasing handle/revenue figures.

In West Virginia, the sports betting handle reached $40.4 million in August, marking a new record high for the state. The figure is more than two-and-a-half times of the $16 million in July. Meanwhile, the online handle of West Virginia hit $31.1 million in August, doubling the total in July. The figure is expected to grow larger in September as new operators go live. The betting revenue of the state increased by 25% to $2 million in August.

Customers in the online casino market in West Virginia spent $39.6 million in August, from $555,000 of revenue was held. Notably, September’s figures would increase as BetMGM ended DraftKing’s online casino monopoly in August.

In Iowa, the betting handle doubled m/m to $50.3 million in August, including $35 million from the online transactions. The state’s betting revenue rose about one-third to $3 million in the month, including $1.6 million from digital channels.

This week, Iowa welcomed UK bookmaker Betfred’s US subsidiary into the online betting market.

Meanwhile, the betting operators in Indiana handled $169 million worth of wagers in August, including $144 million from online wagering transactions. The total betting handle increased 47.6% m/m in August, while the state’s betting revenue rose from $3.1 million in July to $9.8 million in August.

Notably, FanDuel and DraftKings continue dominating Indiana’s betting market with their land-based casinos handling $50.7 million and $78.6 million, respectively, in August.

In the most recent fiscal year ending June 30, the betting handle of Indiana was $1.2 billion and its revenue was $95 million.

Five Main Reasons Why E-sports Betting Unsuccessful in U.S. (p2)

In the previous part, we learn some seasons why e-sports betting has yet to succeed in the United States. Today, we would like to provide you with the remaining three out of five main reasons.

3/ Potential for Match Fixing

Match-fixing is one of the main reasons why sports betting was banned in the United States. The sports leagues are worried that legal betting will make corrupt participants. These fears especially persist regarding e-sports betting.

Ian Smith, a UK-based lawyer serving as the integrity commissioner at E-sports Integrity Coalition (ESIC), total the media that matching fixing is incredibly widespread in the e-sports sector.

The biggest scandal related to e-sports came in 2016 when StarCraft player Seung-Hyun organized the match-fixing despite having been paid a high salary. He was sentenced 18 months in jail for the match-fixing worries.

However, his incident is not the only reason for the match-fixing as underage players seem potential brides if they do not earn a high salary.

4/Most U.S. Gamblers Interested in Traditional Sports

E-sports is becoming more popular in the United States. Research from Syracuse University said that e-sports is expected to attract more viewers than every U.S. professional sports, apart from the National Football League (NFL), by 2021.

However, most sports fans are still interested in gambling on traditional sports at present. Of which, Major League Baseball (MLB), the Professional Sports League (NBA), and the NFL are key drivers of U.S. sports betting.

Besides, boxing, golf, tennis, the National Hockey League (NHL), and Major League Soccer (MLS) draw a wide range of gambling action.

5/ Regulations Slowed for Now

Sports betting regulations have been exciting for gambling lovers. Finally, they have legal sportsbooks to bet with. However, the number of states that have so far legalized sports gambling has slowed.

Of course, e-sports gambling works as sports wagering does. It can only become legal if it is included in a larger bill involving traditional sports.

Five Main Reasons Why E-sports Betting Unsuccessful in U.S.

There are about 2.2 billion people playing video games daily in the world. Therefore, it is natural that some of these games’ enthusiasts are keen on watching and gambling on the pros.

Notably, e-sports betting have developed in recent years and the multibillion-dollar industry will get more popular in the coming years.

Some states in the United States have optimized this popularity to bring e-sports in their legalized betting markets. However, e-sports gambling do not seem to be successful in America now.

The followings are five main reasons why the esports betting industry has been slow to materialize in the United States.

1/ Sports betting is primary agenda

In the past a quarter century, offshore sportsbooks have been offering sports bets for professional gamblers. However now marks the first point where each state can choose to offer legal betting.

The Supreme Court eliminated the Professional and Amateur Sports Protection Act in May 2018, which had banned sports betting on a federal level.

After the elimination, over a dozen states in the United States have taken advantage of their right to legalize sports wagering. Meanwhile, more than a dozen other are either considering doing the same or waiting for the legalization.

Therefore, state politicians are now focusing on what traditional sports gambling can do, not what the video gaming side can offer. Few politicians can realize what hot e-sports are in other parts of the world. They simply want to ensure the regulations on betting on standard sports.

2/ Underage Players Can Sink E-sports in Some States

E-sports have a stranger dynamic where young players can compete with seasoned professionals. E-sports do not require players to be muscular, fast, and mature. Players need fast reflexes and dedication. The underage professionals are nothing new to e-sports.

However, U.S. lawmakers are not familiar with this concept when every state ban wagering on high school and middle school students.

Best Sports Betting Sites USA

During the COVID-19 lockdown, young people are keen on betting online. Today, we will name a list of the best sports betting site in the United States of America (USA), so that you and your friends can play during the social distancing period.

1/ Bovada Sportsbook

Bovada Sportsbook is one of the most popular household names in the sports betting world, which received positive reviews. Most sports fans have ever heard about this site when looking at the option to place sports bets. 

It is a respected and trusted site that delivers great customer service and has a long-term cash flow to keep them playing well in the future. 

Besides, Bovada Sportsbook offers some of the best deposit bonuses as well as delivers a wide range of deposit options. 

Notably, it provides sports bettors with rewards programs to reward them with points for each dollar placed on a sports bet. Then, they can be redeemed for cashback rewards. 

2/ Bookmaker

As another name in the list, Bookmaker is well respected and well trusted by its customers. The overall site was secure enough for beginners to use to place your sports picks with. It also has a record of delivering great customer service to its members in the United States of America.

Although Bookmaker falls a shortage of a few of key components offered by Bovada, this site makes up for it with some of the best reward bonuses, including a 50% match bonus on your initial deposit. 

3/ 5Dimes

 The third option for sports bettors to consider in the United States of America is the 5Dimes sportsbook. This site offers a user-friendly design as well as a dozen of promotions, including reload bonuses and free plays.

Some of the promotions and rewards provided by 5Dimes include betting streak contests, significantly reduced juice contests, and cashback bonuses.

Notably, 5Dimes is an extremely reliable sports betting site that when its trustworthy customer service and payouts have been appreciated since 1998.

List of States in USA Legalizes Sports Betting

In the United States of America (USA), each state will be allowed to legalize the sports betting itself. The following is the list of states that sports betting is legal. 

Both

Colorado signed a law on legalizing the betting last year and officially launched it on May 1 of this year. This state allows both online and in-person betting.

Delaware signed a bill to allow local sports betting on June 11, 2018. Therefore, both online and in-person betting is permitted in Delaware. 

Iowa launched betting last year, and it allowed both in-person and mobile betting. However, certain prop bets involving college sports are prohibited in Iowa.

Illinois only launched sports betting on March 9, one year after the governor signed its bill. The state allows both in-person and online betting. However, the betting is not permitted in minor league sports and college sports tournaments.

Indiana launched betting last September. Both in-person and online betting is allowed in this state. However, the state bans betting on high school sports. 

Michigan has just signed into law both in-person and online betting. However, the state will launch online betting next year. 

New Hampshire launched betting in December 2019. Until now, the state permits both in-person and mobile or online betting.

New Jersy, West Virginia, and Pennsylvania launched betting 2018, and now both online and retail wagering are permitted. 

Nevada has legalized betting for a long time as it was exempted from the PASPA. 

Oregon allows both retail and online betting when it returns last August.

Rhode Island permits both in-person and online betting. Washington DC also legalizes the betting; however, the official time is not known. 

Neither/Nor

Arkansas only allowed the in-person betting within this state’s borders in July 2019. However, online betting is still banned in this state. 

Mississippi only launches and permits in-person betting. However, the state also schedules to launch mobile betting soon.  

Montana launched sports betting last March and only licensed land casinos and bookies to take bets. Online betting has to take place in taverns. 

New Mexico only allows in-person betting. A few casinos are also allowed to take bets from the local from October 2018.  

New York launched sports betting last July. However, it only allows in-person betting at the moment. 

Tennessee online legalized online betting on May 25, 2019. 

North Carolina only prohibits betting within the tribal lands, but the statewide betting is being considered. /.