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*Online Sports Betting Stocks
*Online Sports Betting In MichiganPros of gambling online
Sports betting has been legal in Pennsylvania since the end of 2018. The state was one of the first adopters of this positive trend, along with New Jersey. Online betting is legal too, and there are many available online betting apps. Online sports betting: $44.2 million; Naturally, with casinos closed more than half of the month, retail sports betting in Pennsylvania took a nosedive, dropping from $6.1 million revenue in November to $1.1 million in December. It was such a small part of the market to begin with, however, that the overall total barely changed. Online sports betting posted a small increase, from $42.3 million to $44.2 million.
Pennsylvania Online Sports Betting As one of the biggest sports states in the country with professional and collegiate teams galore, there’s no question that there’s a promising sports.
A modern person has already been surrounded by many activities, such as TV, music and movies. Recently to broad audience video games have been added, as well as various kinds of online gambling games. They have achieved huge success within public. Now there’s no point in going outside and making a long trip to Vegas, you can play from every corner of world. Development of games, such as poker, roulette and slots, has given a start to an era of gambling online. Advantages of participating in such events are endless. New gamers can comfortably learn rules and master their skills without being embarrassed or ashamed. As soon as you feel ready to try chances in online gambling for real money you may start contests with players from other towns and states. Finding a proper rival is not a problem anymore, as plenty of people spending hours in attempts to make money. There is a high opportunity to meet a real pro, or a star, or become an idol for thousands yourself. Best online gambling sites offer people numerous opportunities to earn both fame and money.Legality of online gambling
Majority of countries restrict betting via Internet, but it is allowed in several states in US. Government is very strict about rules of regulations for those providers who offer people online gambling services. They need to get a special license for performing their business. And after that it becomes possible to make ads in mass media including television, radio and even print publications. Notifying audience about tournaments and big prizes organisations attract new players, who are willing to try their chances in winning easy money. Pennsylvania online gambling has reached biggest success within public, promoting numerous events and games. It is 100% legal and secure. If Vegas is mecca for rich people, spending thousands on hotel, planes and restaurants, we can call PA online gambling is a starting point for everyone. No matter how luxurious your clothes are, no matter in what town you live and how you look, there’s a possibility for everyone to become a new star!Negative aspects of gambling
It all sounds like a dream, but a reasonable person will always think of some pitfalls of betting. First, you might get addicted to it and spend all your free time online trying to win bigger and bigger prise. Second, and that’s even worse, amount of money on your bank account may reduce, not grow. Third, after losing your cash, you might start borrowing funds to play again. Making a decision to stop after unsuccessful games is a true characteristic of wise and mentally stable person
After close to a decade of efforts by pro-gaming lawmakers, Pennsylvania online sports betting became a reality after a major gambling expansion.
Governor Tom Wolf signed off on Pennsylvania House Bill 271, which cleared the way for several new legalized gambling verticals in the state. HB 271 legalized sports betting, online casinos, and online poker.
HB 271 legalized both land-based and online sports betting. The actual launch of these products, however, was dependent on the overturn of the US federal ban on sports betting.
Pennsylvania and a handful of other US states took this proactive approach to sports betting legislation. They proactively enacted laws at the state level before the federal ban was lifted.
The approach paid off when the Supreme Court of the United States overturned the Professional and Amateur Sports Protection Act (PASPA) in May 2018.
With PASPA struck down by the Supreme Court, Pennsylvania’s legal retail sportsbooks began to open for business in late 2018. The first of Pennsylvania’s legal online sportsbooks launched in May 2019. Throughout 2020, more online sportsbooks continued to launch. Pennsylvania’s Online Sports Betting: The Run DownPennsylvania Online Sportsbooks At A GlanceOnline SportsbookLaunch DateLicense PartnerSugarHouse SportsbookMay 2019Rivers PhiladelphiaParx SportsbookJune 2019Parx CasinoBetRivers SportsbookJune 2019Rivers PittsburghFanDuel SportsbookJuly 2019Valley Forge Casino ResortFOX BetSeptember 2019Mount Airy Casino ResortUnibet SportsbookNovember 2019Mohegan Sun PoconoDraftKings SportsbookNovember 2019The Meadows BetAmericaDecember 2019Presque Isle DownsCaesars SportsbookMarch 2020Harrah’s PhiladelphiaBarstool SportsbookSeptember 2020Hollywood CasinoBetMGM SportsbookLaunch PendingIndependent licenseSugarHouse Sportsbook
SugarHouse Sportsbook won the race to be the first legal online sportsbook launched in Pennsylvania. Licensed to Rivers Philadelphia, the platform went live in May 2019.
SugarHouse is the former name of the land-based Rivers Philadelphia property. The SugarHouse brand lives on, however, with online casinos and sportsbooks in both New Jersey and Pennsylvania.
The platform offers one of the most generous deposit bonuses in the US online gambling industry. New players can get a 100% match up to $250, with just a 1x playthrough requirement.Parx Sportsbook
Pennsylvania’s most popular retail casino introduced its online sportsbook in June 2019. Licensed to its parent land-based casino, Parx Sportsbook operates as part of the integrated Parx Online Casino/Parx Sportsbook platform.
A product of the highest-earning land-based casino in Pennsylvania, Parx Sportsbook is a popular choice for online sports bettors in the Keystone State. The platform consistently holds a position as one of the top five online sportsbooks in betting handle and revenue earned in the state.BetRivers Online Sportsbook
BetRivers Online Sportsbook went live in Pennsylvania in June 2019. The platform operates under the license of Rivers Pittsburgh.
The platform is one of two online sports betting platforms licensed to the Rivers Casino properties in Pennsylvania. Much like its sister site, SugarHouse Sportsbook, BetRivers is one of the more popular mobile sports betting platforms in the state.Online Sports Betting Stocks
BetRivers also offers the same player-friendly deposit bonus for new players. The first deposit at BetRivers yields a 100% match up to $250, with only 1x playthrough required.FanDuel Sportsbook
FanDuel Sportsbook immediately emerged as the number one choice for online sports betting in Pennsylvania after going live in July 2019. The platform holds the top spot in betting handle and revenue among the state’s legal online sportsbooks by a wide margin.
Valley Forge Casino Resort licenses FanDuel Sportsbook. The popularity of the platform in Pennsylvania comes as no surprise, as FanDuel SportsBook and DraftKings Sportsbook lead the US market in legal online sports betting.FOX Bet
The Fox Bet brand came forth as a partnership between big names in the sports media and gambling industries. Fox Sports and the Stars Group (the parent company to PokerStars) joined forces to rebrand the platform formerly known as BetStars.
Fox Bet operates as an integrated mobile platform. It offers online sports betting, casino gaming, and poker all on one site. Fox Bet is offered under the license of Mount Airy Casino Resort.Unibet Sportsbook
Unibet’s reputation as one of the top worldwide online gambling brands is well earned. In business since 1997, Unibet operates as an industry leader in online sports betting, casinos, and poker.
With platforms available in more than 100 countries, Unibet expanded into the US in 2019. Licensed to Mohegan Sun Pocono, Unibet Sportsbook launched in Pennsylvania in November 2019.DraftKings Sportsbook
DraftKings Sportsbook went live in Pennsylvania in November 2019. It comes as no surprise that the platform immediately took a place among the most popular of Pennsylvania’s legal online sportsbooks.
Since launching, DraftKings Sportsbook trails only FanDuel Sportsbook in monthly betting handle and revenue among regulated mobile sports betting platforms. Licensed to Meadows Casino, DraftKings Sportsbook looks poised to be a major player in the Pennsylvania online gambling market.BetAmerica
The BetAmerica brand is owned by Churchill Downs Incorporated. BetAmerica is projected to expand its online sports betting operations throughout the US as the industry continues to grow.
BetAmerica launched an online sports betting platform in Pennsylvania in December 2019. Pennsylvania players can find online sports betting and casino games on BetAmerica’s hybrid platform. BetAmerica is licensed to Presque Isle Downs.Caesars Sportsbook
Caesars Entertainment became part of Pennsylvania’s online sports betting market with the launch of Caesars Sportsbook. Licensed to Caesars-owned Harrah’s Philadelphia, Caesars Sportsbook went live in Pennsylvania in March 2020.
That launch date makes Caesars Sportsbook a late arrival to the state’s legal online sports betting industry. With the Caesars name on the product, however, the platform still figures to play a role in the Pennsylvania market.Barstool Sportsbook
Sports media brand Barstool sports has ventured into the sportsbook world. Barstool sportsbook launched in Pennsylvania in September 2020. Barstool is partnered with Pennsylvania’s Hollywood Casino for a license.
Barstool is expected to bring a lot of players to the sports betting world thanks to its large audience.BetMGMOnline Sports Betting In Michigan
MGM Resorts is slated to become the first non-Pennsylvania entry into the state’s mobile sports betting market. The Pennsylvania Gaming Control Board (PGCB) approved MGM as a qualified gaming entity (QGE), which allows out-of-state operators to purchase online gaming licenses in Pennsylvania.
The launch date for BetMGM in Pennsylvania is pending.New Player Bonuses At Pennsylvania Online SportsbooksFree Sign-Up Bonuses
New players can start betting on many of Pennsylvania’s online sportsbooks without even making a deposit.
FOX Bet and Unibet are among the mobile sports betting platforms that start players off with free money to bet with, just for registering an account. These free sign-up bonuses usually award small amounts, in the range of $10-$25.Risk-Free Match Bet Bonuses
Risk-free bet bonuses are another common bonus available to new players at legal online sportsbooks in Pennsylvania. Risk-free bet bonuses refund a player’s first bet, if it results in a loss, up to a certain amount.
Parx Sportsbook and FanDuel Sportsbook offer some of the biggest risk-free bet bonuses among Pennsylvania’s platforms. At Parx, new players can receive up to a $500 refund on their first bet. At FanDuel, they receive up to $1,000 in risk-free bet offers. Learn more here.
Unibet has a risk-free bet offer as well.Deposit Match Bonuses
The most widely offered bonus among online gambling sites is the deposit match bonus. This kind of offer awards bonus money that matches a certain amount of a deposit.
For example, FOX Bet offers a 50% match bonus up to $500. This means players can deposit up to $1,000 toward the bonus. FOX Bet will then match 50% of the deposit for a max award of $500.
Deposit match bonuses usually require a certain amount of playthrough to unlock the full bonus. The playthrough generally requires a player to wager 20-30 times the amount of the deposit to get the full bonus.
SugarHouse and BetRivers both offer a 100% match bonus on deposits up to $250. On both platforms, the playthrough requirement is just 1x.What Sports Can Be Bet On In Pennsylvania?Betting On US Pro Sports In Pennsylvania
With numerous mobile sports betting platforms live in the state, Pennsylvania bettors can bet on just about anything from the world of domestic sports.
Pennsylvania’s online sportsbooks offer a comprehensive menu of betting options for US sports leagues. The NFL, NBA, NHL, and Major League Baseball are all open for betting at Pennsylvania’s online sportsbooks.
Bettors in Pennsylvania can enjoy a variety of ways to bet on the four US major team sports leagues.Ways To Bet
Moneyline, point spread, parlays, and live in-game bets are available for every game on the schedule. This includes the regular season and postseason for each league.
Futures betting markets for all major sports can easily be found as well on all of Pennsylvania’s legal sportsbooks. Futures bets give players the option of wagering on what team will win a league championship at any time of the year.
In addition to traditional and futures betting, prop bets are widely available at state-regulated online sportsbooks. These bets include ways to bet on league drafts, player statistical totals for a given season, and many others.
Boxing, MMA, NASCAR, golf, tennis, and a host of other domestic sports can all be bet with ease from Pennsylvania’s legal online sportsbooks.College Sports Betting In Pennsylvania
As the home of big-name college athletics programs like Penn State University and Villanova University, Pennsylvania’s college sports tradition goes back decades.
Betting on all college sports is legal in Pennsylvania, including games involving Pennsylvania colleges and universities. Some states, like neighboring New Jersey, outlaw sports betting involving in-state teams. Pennsylvania bettors are in luck, however, as no such legal ban exists.
With no restrictions on college sports betting, Pennsylvania players can access the full menu of options available during college football and college basketball season.Penn State, Villanova, And Temple University
For football season, bettors can wager on Penn State football throughout the fall, as well as every other game on the schedule. With more than 100 teams in Division I FBS (college football’s major division), the weekly selection of major college football games is robust and available to bettors with ease.
College basketball season brings in the traditions of Pennsylvania’s rich history in the sport. Major programs like Villanova, Temple, and Penn State can all be legally wagered on in the regular season, as well as during March Madness.
College sports betting offers all of the same betting options as the pro sports leagues. This includes money line, point spread, parlay, and live in-game betting. Futures markets and prop bets are also widely available for college sports year-round.International Sports Betting At Pennsylvania Online Sportsbooks
Betting markets for US sports leagues offer players an extensive lineup of ways to bet on numerous sports throughout the year. The availability of international sports betting at Pennsylvania’s legal online sports wagering platforms expands that menu to include almost endless options.
Major international soccer leagues like the English Premier League and Spanish La Liga are on the betting menus at Pennsylvania’s legal online sportsbooks. Pennsylvania bettors can wager on powerhouse clubs like Manchester United, Arsenal, Barcelona, and Real Madrid throughout the seasons in those teams’ respective leagues.
Big-name soccer leagues are just the beginning of the international sports betting options available to Pennsylvania players.
International basketball and baseball leagues are also available to Pennsylvania bettors. Major events like the Rugby World Cup, and the centerpiece of cycling, the Tour de France, are open to bet on from Pennsylvania’s legal online sportsbooks as well.
Tennis majors like Wimbledon, the Australian Open. and the French Open, as well as international golf events, add even more ways to play for bettors in the Keystone State.
Other international betting markets include cricket, darts, and table tennis. Taking a closer look at the platforms like SugarHouse Sportsbook and DraftKings Sportsbooks reveals a huge selection of international options for Pennsylvania bettors.Esports Betting In Pennsylvania
The rise in the popularity of esports has led to the emergence of offshore esports betting markets. Esports betting is also, at times, on the board at legal sportsbooks in Nevada and New Jersey.
Games like League of Legends, Counter-Strike, Dota 2, and Starcraft 2 have all developed into their own major esports leagues. With the expanding popularity of esports, betting markets around these games have exploded as well.
Betting on esports is illegal in Pennsylvania, however, and isn’t currently offered on any state-regulated platforms.
The future of esports betting in the state is uncertain. Residents could see changes in the future as esports’ place in the legal sports betting industry becomes more clearly defined.What Else Can Be Bet On In Pennsylvania?
Markets for non-sports events are not currently available at any of Pennsylvania’s legal online sportsbooks.
Betting on the US Presidential Election, the Oscars, reality shows and non-game related Super Bowl bets (such as half time show or commercial props) are off the menu, for now.
Luckily, Pennsylvania bettors do have access to plenty of sports-centric markets on the state’s legal online sports betting platforms.Ways To Deposit At Pennsylvania’s Online SportsbooksACH/eCheck
The most widely accepted and reliable way to deposit on a legal online sportsbook in Pennsylvania is via ACH/eCheck.
Electronic checks (eChecks) function just like a traditional check. They go through an automated clearing house (ACH) during processing. This process is almost instantaneous when depositing on one of Pennsylvania’s legal online gambling platforms.
ACH/eCheck is accepted at all of the state’s regulated mobile sportsbooks. The funds instantly become available on a player’s balance once the transaction is approved.
This deposit method is successful more than 80 percent of the time. It makes it one of the best ways to get funds onto an account at a Pennsylvania online sportsbook.Prepaid Cards
Prepaid cards are another reliable way to fund an online sportsbook account. These cards function similarly to gift cards. They are issued by the sportsbook itself.
The prepaid card option can be found at some of Pennsylvania’s legal mobile sports betting platforms. The process involves loading the card with funds from a bank account and then using the card to fund the sportsbook account balance.Debit Cards
Debit card deposits draw directly from bank account funds. They use the debit card’s purchasing power to purchase

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