Legal Olympic Betting For Tokyo 2020
American bettors have more options than they might realize for legal Olympic betting in the U.S. Bettors can wager on Team USA to take the most gold medals or on their favorite athletes to dominate certain competitions. These options extend to both online and land-based sports betting, though there are certain boundaries to keep in mind with brick and mortar betting shops. Nevada recently started to allow gambling on the Olympics, and residents of the state have taken full advantage.
The majority of USA sports fans, however, are opting to use online sports betting sites to legally bet on the Olympics. There are more betting options and fewer limitations on wager types and the variety of Olympic betting odds. Legal betting on the Olympics is as simple as finding an online sportsbook that is accepting USA players. We happen to know exactly where you can legally on the Olympic Games, but first, it is always beneficial to learn more about the laws that impact sports betting in the United States.
Is It Legal To Bet On The Olympics In The USA?
Even though the sports betting laws seem complicated, it is legal to bet on the Olympics in the USA. Even Nevada offers legal Olympic betting at their local sportsbooks. In reality, there are only three federal sports betting laws. The Professional and Amateur Sports Protection Act of 1992 (PASPA) prohibits the majority of states from operating land-based sportsbooks. This is the law that limits land-land based sports betting to just a few states in the US.
The Wire Act of 1961 is a federal law that makes the transmission of sports wagering information via wire communication illegal for gambling operators, which applies to the internet. This law was enacted during a time where the US government was enforcing multiple anti-racketeering laws, which are not nearly as applicable in our current day in age.
Finally, the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) is a banking law that prevents certain types of payments being processed for online gambling. Credit cards are the most heavily monitored payment system, which is why sports bettors may have to make several attempts before their Visa, AmEx, or Mastercard sportsbook deposit goes through.
The common denominator between all of these laws is that they are directed toward operators and gambling businesses – not casual sports bettors. This, paired with a lack of state-level sports betting laws, is why legal Olympic betting is permitted in the United States. As long as you are not using local bookies and stay away from getting involved in the bookmaking business yourself, you can legally bet on the Olympics in the US.
Yes, Americans in every state can bet on the Olympics. Only 14 states currently offer state-sanctioned sportsbooks, but residents of every state can bet on the Olympics using reputable online sportsbooks. Because these online sportsbooks are based offshore, they are not subject to the Federal Wire Act. For fans looking to bet using a state-licensed sportsbook, be aware that every state and sportsbook has its own policies about betting on amateur sports. Going to a casino to bet on your favorite events makes for a fun experience, but the depth and variety of betting options at brick-and-mortar sportsbooks often pales in comparison to legitimate sports betting sites.
Best USA Online Sportsbooks To Bet On The 2020 Summer Olympics
The best USA online sportsbooks to bet on the 2020 Summer Olympics are those that have a variety of betting options. Leading sites will have Olympic betting odds on Team USA, along with every other country going for gold in Tokyo 2020. There will also be huge bonuses to give you more opportunities to wager. Some of the best US-friendly sports betting sites for the 2020 Summer Olympics are Bovada and BetOnline.
Bovada Sportsbook is the leading site for USA sports bettors, especially when it comes to betting on the Summer Olympics. The only states not accepted at the site are NJ, MD, NV, and DE. Bovada has Tokyo 2020 betting odds for hockey, alpine skiing, biathlon, figure skating, skeleton, and more. There are also plenty of medal specials on the over/under for gold medals won by the USA, and odds on the country that will have the most gold overall.
To start betting on the 2020 Olympics at Bovada, just make a quick deposit using one of their instant deposit options. Most bettors are using bitcoin to bet on the 2020 Summer Olympics, with only a minimum $10 deposit required. You can fund your account with up to $5,000 and your cash is available within minutes. Unlike credit cards, there are no sportsbook fees when you bet on the Olympics with bitcoin. There is even an exclusive Bitcoin Welcome Bonus that will match your deposit by 50% up to $500 with code BVSBITCOIN50.
BetOnline is a top online sportsbook year round, but they up the ante when it comes time for the Olympics. BetOnline Olympic bettingis exciting and fun, with betting odds posted on every discipline featured in the program. You can bet on individual athletes in the men’s, women’s, and mixed events. You can also wager on how many gold medals a particular country might win. BetOnline has plenty of options for betting on the Summer Olympics, and the site accepts players from all over the USA.
BetOnline has some of the biggest sportsbook bonuses for betting on the Summer Olympics. You can claim their 50% Welcome Bonus, which will match your initial deposit by 50% up to $2,500 with code NEW2500. Your bonus funds will be applied instantly, and you can use the bonus for any type of Olympic wager within the sportsbook. BetOnline also has other unique offers, such as their $50 Mobile Betting Free Play. This allows you to bet on the 2020 Summer Olympics from your iPhone, Samsung Galaxy, iPad, or other another handheld device.