Online Casinos Sports Gambling
Is Sports Betting Legal In New York?
- Bovada is a trusted online gambling site offering sports betting, poker, casino games and betting on horse racing. Join today to claim your welcome bonuses!
- Parx Online Casino & Sportsbook is the #1 online casino in Pennsylvania with sports betting, slots, table games, blackjack, poker, roulette, live dealer.
- Online Sports Betting ranked and rated. MACAU High rollers, luxury casinos and hotels plus a rich heritage make Macau one of the world's premiere gaming destinations. LAS VEGAS Las Vegas casino resorts have been long known for their entertaining shows, endless casino action and bright lights.
New York sports betting has taken a turn in the right direction, but there’s still more work to do to catch up with its neighbors.
As of January 2019, New York State offers physical sportsbooks. The closest in-state option to New York City is Resorts World Catskills in Monticello, while most of the rest are located in Upstate New York toward Binghamton, Syracuse, and Albany.
The online betting legalization efforts have been focused on online sports betting (infancy stage bills), poker and there have been no efforts to legalize other forms of online casinos. Given the strenuous opposition to poker and sports wagering, any sort of other online expansion of gambling is likely to be opposed by the tribal casinos.
However, the state has yet to legalize online sports betting. It’s currently being discussed as part of an emergency revenue-raising strategy in 2020 during the COVID-19 pandemic. If authorization of online sports betting apps isn’t included, online sportsbooks won’t become a reality in New York until at least 2023.
Mobile Sports Betting In New York
According to State Senator Joseph Addabbo, the senator spearheading the campaign to bring mobile sports betting to New York, there is a possibility that mobile sports betting could become legal. In October 2020, NY Sports Day interviewed Sen. Addabbo about the chances and he seemed positive. Specifically, he hoped to see mobile sports betting in time for Super Bowl LV and March Madness.
Addabbo clearly recognizes the importance of mobile betting to the New York economy. New York online sports betting could help plug a multi-billion dollar budget deficit that has only been exacerbated during 2020. Mobile sports betting could bring in $900 million annually in state revenue.
Governor Cuomo, thus far, has stood in the way of progress on this front, finding any movement on gambling in New York State would require an amendment to the state Constitution. The mobile sports betting bill passed the state senate by a vote of 57-5, so at this point, Governor Cuomo’s signature is the final hurdle.
Current NY Online Sportsbook App Options
While waiting for mobile sports betting in New York, it is possible to sign up at these online sportsbooks in New York and bet in New Jersey or Pennsylvania.
If you would like to place wagers online or via a sportsbook app, your best choice is to sign-up and deposit while in New York and cross the border into New Jersey or Pennsylvania to place your bets. New users at DraftKings get a 20% deposit bonus up to $1000. This is likely a faster option than going to any of the physical New York sportsbooks which are listed below.
A great option for NY players that are willing to travel to New Jersey to place bets. New users at Sugarhouse sportsbook get 100% up to $250 dollars with a 1x wager requirement. This is a great bonus for players looking for a solid sportsbook with an easy to get bonus.
Download In New York And Bet In New Jersey
Here are all of the mobile sportsbooks that licensed in New Jersey and available to New Yorkers once they are inside of New Jersey state lines:
- FanDuel Sportsbook
- DraftKings Sportsbook
- PointsBet
- SugarHouse Sportsbook
- BetMGM Sportsbook
- William Hill
- 888 Sport
- Caesars Sportsbook
- FOX Bet
- Hard Rock Sportsbook
- Golden Nugget Sportsbook
- BetAmerica
- Bet365 NJ
- theScore Bet
- Borgata Sports
- Unibet Sport
All New York Sportsbook Locations
For the time being, New York sports betting locations are limited to casinos. Legally, New Yorkers cannot yet place a bet online or at an off-track betting (OTB) facility.
Here are all the locations currently accepting NY sports bets. We’ve also included whether there’s a New Jersey sportsbook app for those who find themselves in the Garden State.
Casino Sportsbook | Location | Distance From Manhattan | NJ App? |
---|---|---|---|
Resorts World Catskills | Monticello | 90.8 Miles | Bet365 |
Rivers Casino | Schenectady | 161 Miles | BetRivers Sportsbook |
Tioga Downs Casino | Nichols | 216 Miles | FanDuel Sportsbook |
Turning Stone | Verona | 254 Miles | Caesars Sportsbook |
Yellow Brick Road | Chittenango | 265 Miles | Caesars Sportsbook |
del Lago Resort | Waterloo | 276 Miles | DraftKings Sportsbook |
Point Place Casino | Bridgeport | 268 Miles | Caesars Sportsbook |
Akwesasne Mohawk Casino | Hogansburg | 370 Miles | FOX Bet |
Top 3 Best Sportsbooks In New York State
DraftKings Sportsbook
There is simply no avoiding the two most successful mobile sportsbook apps, FanDuel and DraftKings. They’re producing successful results in both New Jersey and Pennsylvania that hit too close to home for New York to ignore.
In fact, DraftKings currently operates a sportsbook app in seven of the legal online betting states. Now, success in other states notwithstanding, DraftKings has an affiliation on their side. DraftKings sportsbook app in New Jersey is under the sports betting license of Resorts World.
This is the same Resorts World that operates three casinos in New York. One of their locations is the Resorts World Catskills, and it’s one of the legal sportsbook venues in New York.
Due to DraftKings’s massive customer base, proven track record, and ties to current New York sportsbook operations, they’re at the top of any list of candidates for New York mobile sportsbook app providers.
Plus, the DraftKings app in other states is currently pushing $1,000 worth of new accounts and first deposit incentives, so it can’t come soon enough.
FanDuel Sportsbook
FanDuel has just as strong a chance of gaining access to New York’s mobile sports betting market as its daily fantasy sports (DFS) rival DraftKings. They’re currently operating successful mobile sportsbook apps in five states, with bordering New Jersey and Pennsylvania being two of them.
One of the current physical FanDuel sportsbook locations in New York is at the Tioga Downs Casino Resort. FanDuel provides all sportsbook operations at this venue.
Already having skin in the New York sports betting game should certainly bode well for FanDuel. And the fact that they have overwhelmed their competition right across the border in New Jersey will be a huge factor as well.
FanDuel and DraftKings have a huge sportsbook app presence already established across the country. One or both operate in nearly every state where online betting is legal, and their DFS platforms are the far and wide leaders. They also provide the logistic platform for a number of brick-and-mortar sportsbook facilities, including at a couple of New York sportsbooks.
When FanDuel does launch its sportsbook app, FanDuel will almost certainly pass along the same $500 risk-free first bet opportunity it offers in other states.
Rivers Sportsbook
BetRivers doesn’t have the kind of name recognition as FanDuel and DraftKings. But their mobile app is offered in New Jersey, Pennsylvania, Illinois, Indiana, and Colorado.
So whenever New York decides to allow online sports betting, you can expect the BetRivers app to be one of the choices.
In the meantime, you can head to Schenectady, NY; Philadelphia, PA; or Pittsburgh, PA to experience the Rivers Sportsbook in person. It’s the same odds you’ll find on their highly popular sports betting website. And you can use the odds picker to make your selection ahead of time.
At the Schenectady location, you can bet via 14 self-serve kiosks or six betting windows. They have close to two dozen TVs, luxury seating, and food and drink service.
Not too shabby, but we’re holding out for the online version. In New Jersey, the BetRivers app will double your first deposit up to $250.
The Recent History Of New York State’s Sports Betting Legislation
Brick-And-Mortar Sportsbooks
New York’s legislators approved regulations for sports betting at physical locations in January 2019.
After watching New Jersey’s success, lawmakers realized that revenue was simply walking across the proverbial state line. When Pennsylvania legalized sportsbooks, the problem compounded. The idea that New York would hand over much-needed financial revenue seemed senseless to all residents and sports fans alike.
Nevertheless, it took roughly a year to open the first sportsbook. But in October 2019, folks in Upstate New York could finally place legal sports bets.
Even though New York was the 14th state to permit sports betting, it restricted sportsbook venues to four upstate casinos. They included no provisions in the legislation for mobile betting. Many were scratching their heads at this development.
Online Sportsbooks Apps
While lawmakers saw the success of other states that came before them, they seemed to ignore the numbers. In June 2019, Senator Joseph Addabbo Jr. attempted to amend the sports betting bill to include online wagering.
The bill passed the New York Senate by a 57 to 5 vote. However, Governor Cuomo vetoed the bill. There was overwhelming support for an online amendment to the final sports betting legislation, but Cuomo publicly said he would not approve it.
To date, there seems to be little progress toward opening up New York to mobile sports bettors. New Jersey specifically showed tremendous promise from each licensed sportsbook app operating in the state. Eighty percent of the betting revenue was generated online.
Why So Much Resistance From The Governor?
The path to legal sports betting in New York was bumpy. Clearly, the process of including mobile sportsbook apps is proving even more difficult. Nearly all the resistance comes from the governor’s office. Most who hope to change his mind are at a loss for any actual reason.
Governor Cuomo’s black eye in a battle with two prominent sportsbook players, FanDuel and DraftKings, may be part of the issue. Cuomo lost that battle to have each of these daily fantasy sports (DFS) companies ruled illegal in his state, and both offer DFS in NYS today.
While there is no direct evidence pointing to any personal animosity, it would seem his resistance to online sports betting is a reality. And some assume it stems from his administration’s legal defeat.
As New York faces extreme financial hardship due to COVID-19 and other factors, it would seem like a time to put petty differences aside. And there is some hope from the final outcome of the New York vs. DFS legal squabble.
The governor ultimately did sign the law in August 2016, which ruled that daily DFS contests are not a form of gambling. There were rumors that Cuomo was going to veto that bill, but he didn’t.
Regardless, since The United States Supreme Court overturned the federal ban on sports betting in 2013, New York’s highest office has displayed reluctance toward welcoming mobile sportsbook operations with open arms. In fact, it’s been essentially a no-go proposition.
In his defense, Cuomo insists that legal mobile sports betting would require amending the New York State Constitution. Despite a collective bipartisan disagreement on that being legal truth, that’s really the only bonafide reason the governor presented.
The governor also floated the idea that he had reservations about everyone being able to bet from their phone. During a radio interview, Cuomo wasn’t pressed on his reasoning behind that substance-lacking excuse.
Problem gambling in his state seemed to be the impetus behind his concerns. However, lawmakers have already visited this problem inside the legislation. The bill to amend the legal sports betting law included 14 points to deal with problem gambling issues.
While lawmakers have apparently tried to dot all their i’s and cross all their t’s, Cuomo still voices resistance to mobile sportsbooks. However, the staff at the New York Treasurer’s Office may be whispering to him that a new wind of change needs to be in the air.
Could Change Be In The Air?
New York was in bad financial straits before the coronavirus pandemic. Now, the state is staring down the face of bankruptcy after COVID-19 has devastated its already bleak monetary outlook.
There isn’t a single state currently allowing legal sports bets that hasn’t benefited financially from the decision. New York lawmakers realized that when they agreed to open physical locations.
Nevertheless, there is no disputing the massive amount of betting handle that is wagered using mobile devices. Reports surfaced last year that Senator Addabbo was pushing his mobile app legislation, and 84 lawmakers supported the idea.
The only hope for legalization in 2020 is if mobile sports betting is part of a bill to prevent bankruptcy. While it could still be vetoed by Cuomo, the state may be desperate enough for him to put his concerns aside.
Can New Yorkers Bet Using New Jersey Sports Betting Apps?
New Jersey is one of the most liberal states when it comes to online gambling. They currently offer online sportsbooks, online casinos, and poker sites, which covers all the bases.
On the online sports betting front, New Jersey has at least 17 different sportsbook options. The state also does not require you to register in-person, which means you can download the app and sign up for an account from New York State (or anywhere else in the country).
However, you do need to be physically located in New Jersey to place a bet through the online sportsbooks.
Physical New York Sportsbooks Are Online In New Jersey
As painful as that fact may be, all the top sportsbooks in New York State are available to bettors in the Garden State – and they don’t need to leave home to wager. But there’s good news.
If you’re willing to enter New Jersey to bet, you can participate in the welcome bonuses, place bets, and withdraw your winnings despite being an NYS resident. The only requirements are that you’re at least 21 years old and you’re within New Jersey state lines.
Is It Legal For New Yorkers To Bet In New Jersey?
Yes, it is completely legal for you to travel to New Jersey and bet online. You don’t even need to leave your car. Just make sure location tracking is turned on in the app, pull over somewhere safe, place your bet, then head on home.
If you’re closer to the New Jersey border than you are to a New York sportsbook, this is likely the easiest way to place a legal bet. The same is true for New York State residents who live close to the Pennsylvania border.
New York Sports Betting: Everything You Can And Can’t Bet On
Sports You Can Bet On In New York
You can bet on all forms of professional and out-of-state collegiate sporting events listed at the sportsbook. You can also bet on international competitions, from Korean baseball to French soccer.
The most popular sporting events for folks in New York include:
- Super Bowl
- World Series
- NCAA March Madness
- The World Cup
The professional New York and New Jersey teams that inspire the most betting are:
- New York Knicks
- Brooklyn Nets
- New York City FC
- New York Mets
- New York Rangers
- Buffalo Bills
- Buffalo Sabres
- New York Islanders
- New Jersey Devils
Sports Wagers Not Offered In New York By Law
You cannot bet on in-state college athletics in New York State. That means powerhouses like Syracuse, Buffalo, and Army are strictly off-limits.
You also can’t bet on high school sports or any sport with participants under the age of 18 (like esports).
What Are The Types Of Sports Bets Available In New York?
As long as you’re not betting on in-state colleges and universities, everything else is fair game. You can bet as much as the sportsbook is willing to accept as well. And you should be able to wager for as little as $1.00 or less.
The specific types of bets might depend on the sportsbook. But all of the sports betting outlets in New York State offer the following options:
- Moneyline
- Points Spread
- Totals (Over/Under)
- Futures
- Prop Bets
- Parlays/Accumulators
All New York sportsbooks also offer in-game (AKA live) betting, where you can place a bet on a game after it’s begun.
Beyond those options, things get a bit more nuanced. Specific sports have specific types of bets. For example, the Grand Salami for hockey. Some sportsbooks will offer teasers and pleasers, others won’t.
You can call ahead to see what’s on offer before driving to a casino. Many sportsbooks also have a “bet builder” tool on their website so you can determine your bets ahead of time. Slot machines odds explained.
Are There Bonuses At Physical Sportsbooks In New York?
No, not in the same sense as an online sportsbook bonus. The casino may have some promotional offers, such as a spin for a prize when you sign up for their reward program.
But the “first deposit” and “risk-free” bet offered by Caesars, DraftKings, FanDuel, and BetRivers are not offered at the physical location. When online sports betting comes to New York, you’ll have your pick of numerous bonus offers.
However, it’s still worthwhile to sign up for the rewards programs. You can earn points that can be used toward hotel stays, tickets to shows, free meals, and other special offers.
Is It Worth It To Use Illegal Sports Betting Sites?
No. Some people will beg to differ with us on that, but it’s just not.
Offshore betting sites are breaking New York State law. In fact, their lack of oversight allows them to offer their services practically anywhere. The question is: What else can these websites do with impunity? When a bettor doesn’t have any real recourse if there’s a dispute, that’s an unsafe betting site, period.
What’s to say your personal information is safe? Will you be paid out your winnings? Are the bonus terms and conditions reasonable, or are they designed to rip you off?
You can do research, read reviews, and weigh the risks. But at the end of the day, isn’t gambling risky enough? Do you really want to add potentially joining an illegitimate website into the mix?
It’s understandable that someone might consider offshore alternatives. If you just want to put ten bucks on the game you’re watching, it’s probably not worth it to get in the car and drive to Chittenango, NY, or the New Jersey border.
But the safest answer isn’t to join an illegal site. The safest choice is to not bet on the game.
Remember to Gamble Responsibly. Call 1-800-GAMBLER if you think you have a gambling problem.
Sports Betting In NY – Common Questions
Yes. In January 2019, New York State legalized sports betting, and the first locations opened in October 2019. New York currently prohibits online sports betting in every form except for Daily Fantasy Sports (DFS). But New York residents can travel to New Jersey or Pennsylvania to legally place online sports bets.
Technically, yes. But no casino in New York City offers sports betting, and OTB facilities cannot host sports betting.
In fact, the state’s largest casino, Resorts World at JFK Airport, does not host a sportsbook.
That means New Yorkers need to travel upstate or into neighboring states to place a legal sports bet.
If you are physically located within New Jersey, you are able to place online bets via any of the New Jersey sportsbook apps. You are allowed to sign-up and deposit while in New York but sports betting apps check your location (via GPS) when placing a bet.
We estimate that NY online sports betting would bring $900 million dollars in annual revenue and up to $1.3 billion if skins are allowed. New York would quickly become one of the largest online sports betting markets in the United States.
Between 18 and 21. At New York State tribal casinos, the gambling age is 18. At commercial casinos, the gambling age is 21. You’ll still need to be 21 at the tribal casinos to purchase alcohol or gain access to some events.
Yes. But not if any of the competitors are under the age of 18, which may be why you rarely find esport contests listed at American sportsbooks.
The most prominent professional teams employ the best players in the world, many of which are under 18. But it is possible to see bets on the highest profile tournaments, such as the League of Legends World Championship.
All professional and collegiate level sports except for in-state schools. You can bet on all major leagues in the US and internationally. All NCAA contests are also fair game unless they involve schools like Syracuse, Buffalo, and so on. You cannot bet on amateur or high school sports, the weather, TV, or politics either.
Yes, as long as no in-state schools are playing. That means most Division 1 NCAA schools are fair game. And if you are betting on out-of-state schools, you should be able to place all the same bets as you would on a professional sport, including in-game betting.
But betting on college football games that feature Syracuse, Buffalo, Army, or any other in-state school are explicitly not allowed.
Yes. You’ll need to pay the 24% federal income tax as well as New York income tax on net gambling winnings. This includes anything won at the casino, sportsbook, or lottery. You also may need to pay an additional city tax depending on where you live in the New York Metropolitan Area.
Yes, the physical DraftKings Sportsbook has a presence in New York. You can find the DraftKings sportsbook at del Lago Resort, which is located in the Finger Lakes region.
DraftKings does not yet have an app available in New York. They’ll need to wait until the state greenlights online sports betting.
Yes. The FanDuel Sportsbook is available in Tioga Downs Casino in Nichols, New York, a racino that offers both casino games and sports betting as well as on-site horse racing.
However, the FanDuel Sportsbook app can only be used if you travel to Pennsylvania or New Jersey, where online sports betting is legal.
Online casinos are the next big thing in gambling. Since online gaming has been available, it has only grown in size, revenue, and popularity so that it now makes up a significant portion of all revenue earned from gambling.
As more people become more comfortable with online gambling and as more countries begin to accept it, more gaming options are becoming available.
One high demand option that is legal in only a few places is sports betting.
Currently, most countries don’t allow sports betting, or allow it within some very specific restrictions.
Bringing sports betting to online casinos will not only continue to fuel an already financially productive industry, but will also provide an option for those who are currently seeking out the form illegally.
Should more countries offer sports betting with fewer restrictions? Should sports betting be incorporated in online casinos?
To answer these questions, we need to start by looking at the online gambling industry as a whole and then evaluate countries where online gambling is popular.
This will help discern whether sports betting would be beneficial for these countries and their citizens.
The Industry as a Whole
As stated earlier, the online casino industry is booming. People all over the world are able to engage with casino games.
For many, it is no longer necessary to travel to a land-based casino to get the gaming experience; almost anyone can play in the comfort of home.
This is especially convenient for people who live in countries where gambling is not legal.
People who have difficulty traveling to different countries or states where gambling is legal also benefit from the ease of access that online casinos offer.
Currently, the online gambling market is valued at $46 billion USD and is projected to reach $94 billion USD by 2024.
That is more than double the value in only five years. It’s become clear that consumers are quite interested in online gaming.
People are not only playing at home on their computers; a majority of online gambling is done on mobile devices.
This form of entertainment has become such a big part of some peoples’ lives that they want to have that ability in their pocket, available at all times.
61% of online casino revenues come from online bets; 72% of those bets are placed on a mobile device. That’s a pretty big piece of the pie.
With strong proof that online casinos are an unequivocal success, it’s time to start expanding.
Sports betting is one form many individuals would like to see legalized, but government entities and professional sports leagues tend to stand in opposition to this trend.
To further understand the industry and whether legalization of sports betting is a worthwhile pursuit, let’s look at a few countries that are responding well to online gaming.
We’ll take a look at how they interact with online casinos and whether their citizens would be interested in the more widespread availability of sports betting.
Online Casino Market in the UK
The UK was a groundbreaker for online gambling.
These countries were among the first to allow it and quickly showed that consumers were interested.
In 2015, reports showed that online gambling accounted for a third of all gambling in the UK.
Interest in online casinos–and the resulting revenue–continue to grow. From 2016 to 2017, revenue increased by almost 10%.
In 2018, the UK Gambling Commission reported revenue of £5.6 billion in online gaming.
This impressive number makes up the largest portion of the gross gaming yield (38.8%) and a 2.9% revenue increase from the previous year’s reporting.
The world’s first sports betting exchange was created in the UK.
These countries hold some of the longest standing sportsbooks in the world, so of course, they are more than ready to place bets online. Participants set wagers in a betting pool instead of fixed-odds.
Citizens of the UK can legally bet on sporting events as long as the online casino taking the bets is properly licensed by the UK Gambling Commission.
The law requiring online casinos to be licensed was passed in 2014.
Between 2014 and 2015, 162 online casinos were newly licensed in response to this requirement.
The popularity of online gambling (and specifically sports betting) in the UK, made online casinos were more than willing to become licensed if that meant that they would be accessible to UK citizens.
Around the same time that the licensing requirement was put into place, parliament also imposed a 15% tax on foreign sports booking sites.
This extra tax did not much seem to dampen the gamblers’ spirits.
Even with these restrictions, sports betting from the UK is thriving. The most popular sports for betting are football (or soccer, if you’re in the US), tennis, and horse racing.
Football (soccer) alone has brought in almost £450 million. Overall, sports betting revenue makes up almost half of all online casino revenue. Last year, the UK Gambling Commission reported betting totals of £2.5 billion.
Popular sports betting sites include 888sports, Betway, Paddy Power, and BetOnline.
There are hundreds of different sites available to UK players, but these are some of the most trafficked. Land-based casinos like William Hill and Ladbrokes have also created online platforms for placing bets.
The restrictions on online casinos and sports betting are thorough in the UK. Some operators and gamers alike may find this stifling.
However, the UK has one of the safest, most secure online gaming platforms in the world because of it.
Online Casino Market in the US
When it comes to legal online gambling in the US, things can get a little confusing.
It is legal for all citizens of the US to play online casino games, but because the federal government allows states to make their own laws regarding online gambling, only some states allow online casinos to set up shop within their borders.
Currently, Nevada, Delaware, Pennsylvania, and New Jersey can legally host online casino websites.
Many other states are in the process of making it legal or are waiting to see the success or failure of online gambling in the states where it is currently legal before making their own laws on the matter.
It is estimated that by 2020, the online gambling market in the US will be valued at over $4 billion USD.
As we start to see online gambling grow and become more successful, it is likely that more state governments will allow online gambling sites to be created in their state.
Sports betting is an entirely different matter.
The U.S. allows only specific bets in specific locations.
Similar to online gambling as a whole, the U.S. is tentative and restrictive.
Though 8 in 10 Americans support legal sports betting in their state, only Nevada, Mississippi, New Mexico, Delaware, New Jersey, and West Virginia currently allow it.
According to some estimations, if sports betting was more widely available and hosted online, it could bring in about $41.2 billion annually.
Currently, the American Gaming Association estimates that Americans illegally wager $150 billion every year.
The United States also restricts sports betting by prohibiting the placing of wagers on single games. Nevada is the only state where this is allowed.
Many professional sports leagues and associations support this restriction because it protects players from intentionally throwing games to affect the outcome of a wager.
The law that prohibited sports betting nationwide, the Professional and Amateur Sports Protection Act (PAPSA), was repealed in 2018, which allows individual states to make their own laws regarding sports betting, both online and offline.
Many apps have since been developed to cater to the states that allow online and mobile sports betting.
However, they use your phone’s location to determine whether you are in a state that will legally allow you to place online bets on sporting events.
Online Casino Market in Canada
Similar to the U.S., companies are not allowed to base online casinos in Canada, but Canadians are allowed to play on foreign online casinos.
The exception to this rule is native reserve lands.
These lands are territories of Canada, but they govern themselves, allowing them to sidestep laws about the location in which an online casino is based.
Revenue gained from gambling by Canadian citizens continues to grow from year to year. Popular games include classics like roulette, baccarat, blackjack, poker, and slots, among others.
Sports betting is also very popular in Canada, with a focus on the National Hockey League.
Because of restrictive laws, sports betting is only allowed in the form of parlay bets or accumulator bets.
Accumulator bets are when wagers are placed on at least three things. In order for a player to win, all three bets must be successful
For instance, a bettor may pick the outcome of three different games. If they are wrong about the outcome of even one game, they do not win the bet.
This format makes the chances of winning much smaller but the rewards for winning are typically much higher.
Accumulator bets are popular both in the US and Canada because they help protect the integrity of professional games.
Players and coaches are less likely to become corrupt or influence the outcome of the game.
This may change soon, as Canada makes an effort to stay relevant to its competitors when it comes to online gambling.
The Toronto Sun published an article earlier this year stating that provincial Finance Minister Vic Fedeli was requesting an amendment to allow single-event wagering.
Some places in the US, like Las Vegas, currently have an exclusive right to offer single-event sports betting. Because of this exclusivity, 90% of sports bets placed in Nevada are placed on single events.
However, just because single game betting is not currently legal does not mean that Canadian citizens don’t partake in this style of sports betting. In fact, it is estimated that illegal single-event sports bets create $110 million CAD.
The demand is certainly there. If Canada wants to stay up to speed on gambling laws, they need to be more serious about considering a change.
In recent years, Macau has overpowered Las Vegas as the source for the highest annual revenue from casino games.
The extreme success of land-based casinos in Macau and other areas in Southeast Asia has encouraged keeping online gambling illegal in many areas.
Some countries where online gambling is legal, such as Malaysia, still don’t fight to protect players from scams or fraud. If a bettor is owed money or cheated out of winnings, the Malaysian government will not intercede for them.
Despite the less-than-favorable laws around online gambling, there is still a significant market for it. For instance, the Philippines has started to encourage its citizens to pursue online gambling.
However the Chinese government discourages this because they say it would target Chinese customers. They estimate that Chinese citizens already spend hundreds of millions of yuan on gambling each year.
Because of this rebuke from the Chinese government, the Philippines stopped taking applications for new online gaming operations.
Similarly, Cambodia has stopped issuing new licenses for online gambling platforms based in the country and has said that as current licenses expire, they will not be renewed.
Even though governments continue to crack down on online gambling in these countries, citizens are still drawn to it.
The ease of access and 24/7 availability make it extremely convenient for people all over Southeast Asia to play.
The state of sports betting in Southeast Asia is reflective of the restrictive laws in online gambling. There are situations in which sports betting is legal, but it does not allow single-event sports betting.
One example that shows the desire for single-event sports betting is the last World Cup competition.
Illegal betting on the World Cup was estimated to reach $68 billion in Hong Kong, $79 billion in South Korea, and another $6.5 billion in Singapore.
Sports betting is legal in Hong Kong. Taxes from legal sports bets makes up 5% of the city’s budget, so the amount of money being spent on illegal gambling is money that they lose.
As you might expect, the revenue from illegal bets far outweighs the revenue from legal ones.
Countries in Southeast Asia need to consider whether the money going towards illegal bets is worth it. It may be time to change the laws to allow such betting when the demand is so high.
Online Casino Market in Australia
The Australian market for online casinos has been growing for years. It is estimated that about 8% of Australians gamble through online platforms.
These bettors make up about 5% of global online gamblers.
Australia’s gambling laws are just as murky as other countries discussed in this article.
It is illegal for unlicensed online casinos to offer games to Australians, but it is legal for Australians to play online games in casinos that are based in foreign countries.
Sports betting in Australia is enormously popular, but it is not always done legally. Many online bettors are not even of legal age when they first place a bet on a sporting event.
People who participate in online sports betting use four different online betting platforms on average and place bets on about six sporting events a year.
Popular sports include the Australian Football League (AFL) events, horse racing, soccer, and NBA basketball.
Online Sports Casino
About half of all bets are now placed online.
Sports betting in Australia has become increasingly popular over the last twenty years.
It is the only form of gambling that has seen an increase in participants in recent years.
With wider availability, it is likely that it will only become more popular.
Conclusion
Regardless of the legality of online gambling and sports betting all over the world, it is clear that the citizens of these countries are interested in more freedom in gambling.
Many governments seem to recognize this and are now beginning to cater to this tendency.
As we continue to become more comfortable with online gambling, it is likely that more options will become available.
Online gambling and sports betting will be offered in more places and with fewer restrictions.
Once governments embrace this form of betting and begin to tax it, sports betting could become a major source of revenue for that country.