Any gambling fan will be familiar with the concept of the sportsbook. Gambling in the US has come a long way, with significant advances in both stakes and entertainment value. A combination of improved accessibility, speed, and intuitive user experiences allowed sports gambling to gain traction with a much wider, commercial audience. The physical sportsbook location, and eventual growth of online sportsbooks, would be at the forefront of that growth in North America.
Putting it into numbers, the US sports betting industry is expanding at a healthy pace. The majority of states have legalized gambling as a pastime – New Jersey being one of the first among them – and many more are either in the process of doing so, or have verbalized intention to do so in the future. Latest predictions suggest that by 2025, the revenue of the online industry is forecasted to hit $5 billion, while physical locations are expected to generate approximately $1.5 billion.
The Sportsbook Explained
Like many entertainment industries, the digital offshoot of the original concept has supercharged the potential of what sports betting could be. For the American gambling fan, the online sportsbook is your gateway to finding the right wagers and markets for you. You’re in the Garden State, so you can be confident in the fact that all the sportsbooks are managed by in-state land-based casinos, which means licensing and legality are not something you need to worry about. Your only challenge is picking one, since there are a lot of them.
Laying your first wager used to mean traveling to the bookkeeper and depositing your funds. Those days are long over now. Your online sportsbook will provide you with all the essential information you need to place your bet. Due to the number of sportsbooks, and the regional variants across the US (many sportsbooks are located in Nevada, for example), it’s useful to know exactly what sportsbook you can access and what each platform will offer.
Fundamentally, it’s all about preference. The major differentiators will be the significant limits, bonuses, or regularity of updates. Many sportsbooks operate with signing-on bonuses, which can be a nice way to kick off your gambling experience with the platform. If you’re interested in seeing exactly what is available to you in New Jersey today, we’d recommend looking at a comprehensive guide, such as this full guide on online sportsbooks in New Jersey – all you need to know. The breadth of different providers can be intimidating or a little confusing to a newcomer. Try to take into account user reviews and T&Cs. An important term to look out for is the minimum deposit fee or any qualifying wagers to access rewards.
Your main priorities typically will be:
- Security Standards: You want your money to be safe and your information to be kept private, wherever you choose to bet.
- Deposit Methods: Platforms often operate bank transfers as standard, but other variants can also be used, for example, via bitcoin.
- Customer Service: Support services are important if you run into any difficulties while using your platform of choice. User reviews are helpful for gauging this side of the service.
- Promos: Promotional offers, as mentioned, can be great ways to kick off your gambling experience. Just make sure you fulfill the terms to receive them!
Sportsbooks changed the way Americans gambled very quickly, having only been legalized in 2018. The speed of adoption was an illustration of just how big a step-up in experience the digital sportsbook was. It can be great entertainment, however, when you’re wagering your own money, you want to know what you’re getting into. So, do your research, choose your sports, pick the right platform for you – and enjoy the game.