An online sportsbook is a gambling site that accepts wagers on various sports events. It has a user-friendly interface, offers an attractive welcome bonus and daily free-to-play pools that give players the chance to win bonus bets. It also offers a wide range of markets and odds, which can change at lightning speed at any time. However, despite this convenience, online betting is not without its risks. There are some sportsbooks that suck in unsuspecting bettors and refuse to honor winnings. This can be frustrating and even embarrassing for sports bettors. But it doesn’t have to be that way.
Nevada is famous for its sportsbooks and it makes sense that a few of these sites would be found online. In fact, the first Nevada sportsbook went live in 2010 – long before any other state did so. And the state’s online sportsbooks are still popular today.
Pennsylvania legalized sports betting in 2017 – just before the Supreme Court decision that ended the federal ban on sports betting. The first retail sportsbooks opened in May 2018 and, shortly thereafter, the first online sportsbooks appeared. New Jersey was not far behind, opening its online sportsbooks in August – just a few weeks after the Supreme Court ruling. It has since cemented itself as America’s hub for sports betting, and there are now dozens of online sportsbooks from top-tier American gambling brands.
Kentucky is another latecomer to the online sportsbook game, but it launched its first books in 2021 and has quickly become a powerhouse in the industry. A few dozen sportsbooks are available online in the state, including FanDuel and DraftKings, which currently have double-digit market shares. And the Bluegrass State will soon be home to a full-fledged sportsbook from BetMGM, which is owned by two major casino operators.
Oregon has offered sports betting online since 2019, but its selection of online sportsbooks is not particularly robust at the moment. It is dominated by the two titans of DFS, DraftKings and FanDuel. Both of these sites have built up large player bases and are owned by well-known gambling companies. In addition, they have the fastest payouts in the industry. It’s unlikely that other big-name sportsbooks will land in Oregon any time soon, but the Beaver State could eventually see a few more online options appear.