Legal Real Money Online Sportsbooks

Online sportsbooks are legal in Nevada. However, state gaming regulations make it intentionally difficult to make a bet on a mobile device. It requires players to go to a sportsbook and create the account in-person before getting into action. 

This is a burden on Nevada sports bettors. It hurts sports betting action and makes the market less competitive. 

All other states with legalized online sportsbooks permit players to create an account on their computer, phone or tablet. There is no requirement to go to a casino. The account is verified using the information provided by the player.

BetMGM Online SportsbookFirst Bet Loss Rebate, Up to $1,000Read ReviewClaim Now21+ and present in AZ, CO, DC, IA, IL, IN, LA, MI, NJ, TN, VA, WV or WY.
Caesars Online SportsbookFirst Bet Loss Rebate, Up to $1,500Read ReviewClaim Now21+ and present in AZ, CO, IL, IN, IA, LA, MI, NJ, NY, TN, VA, WV or WY.
FanDuel Online SportsbookFirst Bet Loss Rebate, Up to $1,000Read ReviewClaim Now21+ and present in AZ, CO, CT, IA, IL, IN, LA, MI, NJ, NY, PA, TN, VA, WV or WY.

States where real money online sportsbooks are legal

While Nevada was the first state with legal online sports betting, all states that followed permit players to create an account on their computer or other device. This allows players to get into action without setting foot inside a casino, adding a convenience that Nevada does not afford its players. 

The states that allow remote registration include Arizona, Arkansas, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana (most parishes), Maryland (coming soon), Michigan, New Hampshire, New Jersey, New York, Ohio (coming soon), Oregon, Pennsylvania, Rhode Island, Tennessee, Virginia, Washington DC, West Virginia and Wyoming. 

Players must be at least 21 years old to make bets in most states. In Wyoming and New Hampshire, it is 18. The minimum age for licensed sports betting in Washington DC is 19. Many sportsbook require bettors to be at least 21 years of age.

The same companies that operate sportsbooks also have legal online casinos. The states where these games are available are Connecticut, Delaware, Michigan, New Jersey, Pennsylvania and West Virginia. 

Legal online sportsbooks must offer great promotions to remain competitive

In these states, mobile sports bettors have a wide variety of promotional offers. That is because these markets are competitive, and the companies involved know that they must try harder to attract customers. This means that online sports betting sites must offer great deals like loss rebates, free bets and match deposit bonuses.

Loss rebates

One of the most popular online sportsbook promotions right now is a loss rebate. It typically involves reimbursing a player on their first bet if it loses. The maximum amount is typically $1,000. However, we have seen ones as high as $1,500.

Claiming this type of offer is simple. Deposit the minimum amount for the offer, which is usually $10, and make a bet up to the amount of the loss rebate. If your bet wins, you can cash it out. There is no loss rebate offer for you because you won. If it loses, your account will receive a free bet equal to the losses. Some real money online sportsbooks will break the loss rebate up into five different bets if it is large enough.

If your first bet pushes, the terms will cover what happens. Sometimes, you will get another chance at the loss rebate. Always read a bonus offer’s terms and conditions so that you know what happens in unusual outcomes.

Sportsbook match deposit bonus

The most traditional sportsbook bonus is one where the player receives a bonus based on the size of the deposit. This may be 100% up to $250 like it is at BetRivers and PlaySugarhouse. It can be a smaller percentage for a larger amount, like the DraftKings 20% up to $1,000 bonus.

These types of bonuses carry a wagering requirement. The funds are placed in the player’s account. It may be wagered immediately. However, the terms and conditions must be met. This usually includes the size of a favorite that is permitted to qualify for the playthrough requirement, and the amount of times the bonus must be wagered before it may be withdrawn.

DraftKings Online Sportsbook20% First Deposit Match, Up to $1,000Read ReviewClaim Now21+ and present in AZ, CO, CT, IL, IN, IA, LA, MI, NJ, NY, OR, PA, TN, VA, WV or 18+ in NH, WY.
BetRivers Online Sportsbook100% First Deposit Match, Up To $250Read ReviewClaim Now21+ and present in AZ, CO, CT, IA, IL, IN, LA, MI, NJ, NY, PA, VA, WV or 19+ in ON.

Free sports bets

Some legal sportsbook offers are related to a free bet. The best recent example was the new player offer at FanDuel during the NBA playoffs. Players that deposited $10 and bet $5 received a $200 free bet. It did not matter if the first bet won or lost. The player only needed to bet the $200 one time to make a withdrawal.

Vegas Advantage partners legal sportsbooks

We have partnered with five legal online sportsbooks. These sites accept real money action. Each is licensed in more than a dozen states. The total bonuses between these sites is over $4,000 for qualifying players and wagers. Signing up for these sites helps support Vegas Advantage while potentially increasing your bankroll. 

DraftKings

DraftKings started out as a daily fantasy sports site. Once the Professional and Amateur Sports Protection Act was overturned in 2018, it branched out into sports betting and online casino games. New players receive a 20% up to $1,000 first deposit bonus. The wagering requirement is 25 times the bonus.

Read more in our DraftKings sportsbook review.

FanDuel

FanDuel also started as a daily fantasy sports contest operator. It later entered the sports betting and online casino industries. New players can receive a first bet loss rebate, up to $1,000.

Read more in our FanDuel sportsbook review.

BetMGM

BetMGM is the online sportsbook for MGM Resorts. The brand is also used for its retail sportsbooks, like the ones you will find at casinos like Aria, Bellagio, Borgata, Beau Rivage and MGM Grand. It is based in Las Vegas, but operates online in more than 15 states. New players receive a loss rebate of up to $1,000 on their first bet.

More details can be found in our BetMGM sportsbook review

Caesars Sportsbook

Caesars Sportsbook is operated by Caesars Entertainment. It is based in Las Vegas, where it has retail sportsbooks at casinos like Caesars Palace, Planet Hollywood and Flamingo. Caesars Sportsbook offers the largest loss rebate in the industry. It is worth up to $1,500 if your first bet loses.

Read more in our Caesars Sportsbook review

BetRivers and PlaySugarhouse

BetRivers and PlaySugarhouse are brands that are operated by Rush Street Interactive. Both offer new players a 100% up to $250 first deposit bonus. The wagering requirement on this promotion is equal to the amount of the bonus. That makes it essentially a free bet of up to $250 that you do not need to bet all at the same time.

Read more in our BetRivers sportsbook review

Types of bets accepted by online sportsbooks

Online sportsbooks accept a wide variety of bets. The most common ones are straight bets on point spreads, moneylines and totals. Others include parlays, teasers, futures, props and in-game betting. 

Major and minor sports are available on the sports betting menu at these licensed establishments. Options include football, baseball, basketball, hockey, tennis, golf, auto racing, boxing, mixed martial arts, rugby, cricket, table tennis, Aussie Rules Football and soccer. 

Bets on professional and college games are typically available. However, some states have restrictions on college sports. 

States with college sports betting restrictions

This section covers policies on college football betting in states where there are restrictions. If your state is not listed, it permits all forms of college betting. New Hampshire and New Jersey have additional restrictions on college sports played within state lines.

No betting on any in-state college team:

  • Illinois
  • Iowa
  • New Hampshire
  • New Jersey
  • South Dakota (retail only)
  • Virginia

No betting on individual college player props:

  • Colorado
  • Indiana
  • Iowa
  • Michigan
  • Pennsylvania
  • Tennessee
  • Virginia

Differences between offshore and legal sportsbooks

Offshore sportsbooks dominated the US market for decades. These businesses are not licensed to operate in the country. The betting sites claim that their license from Antigua and other offshore jurisdictions is all they need to be legal. That is not accurate.

There is a reason that offshore sportsbooks operate mostly in cryptocurrency. It is because they are not operating legally in the United States. The sportsbook partners on Vegas Advantage all have proper licensing from state gaming commissions to offer sports betting to those inside state lines.

Being a legal sports betting site means that the money on deposit in guaranteed to be available. It must be kept in a separate account away from operating funds. If a player has a complaint about a legal and licensed sportsbook, the local gaming commission will investigate. If an offshore sportsbook fails to pay a player or refuses to properly grade a winning bet, there is no recourse.

Cryptocurrency processing could make offshore sites insolvent

Cryptocurrency markets are tanking. They have always been volatile. This loss in value of cryptos like Bitcoin and Ethereum can have disastrous effects on the solvency of offshore sportsbooks. If a player deposits $1,000 in cryptocurrency, it is converted into US Dollars. If the player breaks even, but the markets are down 10%, the sports betting site lost $100 on this player.

When the crypto markets were going up, this was a great business model. Now that these markets are tanking, it is a recipe for bankruptcy.

Legal US online sportsbooks have access to the banking system. This means that those operators can accept credit cards, debit cards, electronic checks and other financial instruments. The funds always remain in US Dollars. There is no currency exchange risk involved with depositing and withdrawing on licensed sports betting sites.

This also means that legal sportsbooks can process payouts quickly. Players can receive the money directly into their bank accounts or withdraw it from an ATM without having to convert cryptocurrency into dollars and losing part of its value during the process.

Legal online sportsbook deposit options

Licensed sportsbooks have many more deposit options that offshore ones. This includes credit and debit cards like Visa, Mastercard and Discover. Bank wires and electronic checks are other common forms of legal sportsbook deposit methods. There are also electronic wallets like PayPal, Skrill and the Play+ prepaid debit card.

Cash depositors may option use PayNearMe. This is a cash bill pay service available in some drug and convenience stores. Some casinos accept cash deposits for their interactive gaming partners at their cage.

Legal online sportsbook withdrawal options

Getting your cash out from a legal sportsbook is simple. You can have it transferred to your bank account through an electronic funds transfer or bank wire. You may also move it to an electronic wallet like PayPal or Skrill. The Play+ debit card is a great way to get cash as it works at ATMs. Some sports betting sites process cash withdrawals at its retail casino’s cashiers cage.

How to make an account at an online sportsbook

The first step in making a new sportsbook account is to register. This is done by going to the online sportsbook’s website and clicking that button, which is typically in the upper right corner or in a menu. This process will ask for your personal details, like name, address, email, date of birth and last four numbers of your Social Security Number.

You can also download the app to create a new account. These are available in Android and iOS platforms. You will find them on the sportsbook’s website or in app stores. You may place bets either on the app or on the website, except in Nevada, where it must be done on an app.

Legal online sportsbook FAQs

What is the minimum age to make online sports bets?

Most states require online sports bettors to be at least 21 years old. The minimum age is 18 in New Hampshire and Wyoming. It is 19 in Washington DC. Players that are 18 can visit retail sportsbooks at some Michigan tribal casinos.

Do online sportsbooks offer bonuses?

Yes. New players typically qualify for a match deposit bonus, free bets or loss rebates.

Which states have legal online sportsbooks?

Arizona, Arkansas, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana (most parishes), Maryland (coming soon), Michigan, New Hampshire, New Jersey, New York, Ohio (coming soon), Oregon, Pennsylvania, Rhode Island, Tennessee, Virginia, Washington DC, West Virginia and Wyoming license real money online sportsbooks.