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Why Offshore Betting Sites Will Not Be Affected By New USA Gambling Laws
Even with the federal sports betting ban removed offshore sportsbooks and other offshore wagering services are in no imminent danger of going away.
On May 22nd, 2018, the Supreme Court of the United States (SCOTUS) ruled that the Professional and Amateur Sports Protection Act (PASPA) was unconstitutional. The PASPA act was first enacted in 1992 and was a federal law that banned domestic sports betting in 46 of 50 states. During its 26 years of existence, the PASPA act shaped how many people looked at sports betting in the United States.
Now that PASPA is out of the way, several US states have already enacted laws and launched domestic sports betting operations. Some of these operations also include online sports betting within state lines or mobile betting while on casino grounds. Below you will find several reasons offshore sportsbooks and other offshore wagering services need not to worry about the changing gambling landscape across America.
As It Stands – The Federal Wire Act
The Federal Wire Act is a federal mandate that restricts online gambling services in the USA from crossing state or country lines.Until the Federal Wire Act is repealed orrevised, states will not be allowed to offer online services across state lines. States that have enacted online gambling platforms must have location restrictions based on GPS coordinates or ISP providers.
Built On Reputation
Offshore sportsbooks and other offshore gambling services have been servicing a majority of the United States for over a decade now, and many bettors have grown accustomed to the betting service. While US gambling laws make using an offshore betting service harder, many users and account holders have found ways to make the service work for them.
Offshore Bonus Options
Offshore gambling services like to add bonus funds, perks, and other incentives for their account holders.Online bonuses are one of the best perks for playing an offshore site. Casino, sports, poker, and bingo services all use online bonus options to lure in potential account holders. These bonus incentives can be lucrative for online players and are often a deciding factor for which site to play.
The Cryptocurrency Option
Offshore gambling services are typically trendsetters when it comes to online commerce. Offshore sportsbooks, offshore casinos, and offshore poker sites are all among the first online commerce sites to accept cryptocurrencies. Not only do they accept crypto, but some offshore sites will accept multiple forms of cryptocurrency including BitCoin, LiteCoin, Dash, Ethereum, BitCoin Cash, and more.
User-friendly deposit methods, customer reputation, and sportsbook bonuses are often the tipping factors over US-based online sportsbooks. The main concern for US online bettors is the withdrawal process. The Unlawful Internet Gaming Enforcement Act (UIGEA), specifically bans banks from processing transactions received from offshore gambling services, and in some cases, this might be the deciding factor for potential account holders.
Other Stats And Predictions
The American Gaming Association estimates that Americans collectively wager about $150 billion annually in the black market and with offshore sportsbooks. That number is likely to fall over the next few years as many more states are considering the option of legal sports betting. However, while legal US sports betting might hurt some offshore profit margins, don’t expect offshore betting sites to be going anywhere anytime soon.
Some offshore operators are predicting that the legalization of sports betting and other online wagering services across the USA will increase revenue to their sportsbook, poker, or casino site. Many people believe that the legality of online gambling carries a stigma resulting from the April, 15th, 2011, Black Friday debacle. Now that new gambling legislation is passing across the United States more people will be informed of the legalities surrounding online gambling and offshore gambling sites locally and from afar.
Over the past year, the US has seven states that have launched domestic sports betting and numerous other states that have launched state-based online gambling services.
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2024 US Presidential Election Odds From Offshore Sports Betting Sites
The 2024 US presidential election is November 5, 2024, and offshore sports betting sites offer odds on who will win the Presidency.
Over the last couple of months, Republican candidate Donald Trump Sr. has sparred with Democratic candidate Kamala Harris over immigration policy, abortion rights, inflation, and several other key elements of each administration.
This article will discuss US politics and political betting odds associated with each candidate. We will also discuss how to lock in odds on election day.
2024 Candidates: How Did We Get Here?
Former President Donald Trump Sr. has been running a re-election campaign since 2020 when he lost office to Joe Biden. After an attempt by Nikki Haley and other prominent Republicans to secure the nomination, it was clear Trump still had the majority support of the party. Trump went on to secure the party’s nomination just a couple of days after an assassination attempt in Butler, Pennsylvania.
After the first official 2024 Presidential debate, current President Joe Biden ended his re-election bid and threw his support behind his vice president, Kamala Harris. Biden’s poor debate appearance sparked concern over his mental ability to lead the country. Despite entering the race late, Kamala was able to debate Trump once.
Sportsbook Odds For President
The best offshore sports betting apps have Trump as the favorite; however, that could change as votes count. Based on the odds, bettors can expect a red wave, but polls can often be misleading.
When Trump won the Presidency in 2016, he was behind in all the polls. In 2024, he has regularly been behind in the polls and is expected to lose the majority vote. However, he could easily win the Presidency with enough electoral votes.
Below are some current odds available for election day 2024 from Bovada’s online sportsbook.
US Presidential Election 2024 Winner
- Donald Trump Sr. -175
- Kamala Harris +145
Winning Party
- Republican Party -175
- Democratic Party +145
Party Of Popular Vote Winner
- Democratic Party -220
- Republican Party +160
Is Betting On US Politics Legal In The United States?
No federal laws make betting on elections illegal in the United States. While state-licensed sportsbooks often do not accept wagers on politics, offshore betting sites do. The online sportsbooks we review have accepted US players since the early 1990s and are all licensed by a reputable governing body.
Sportsbook sites often accept currencies to attract US bettors, including popular digital currencies such as Bitcoin and Litecoin. You can also find great sign-up bonuses, numerous rewards programs, and sites accepting players over 18.
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Monday Night Football Odds From Offshore Sportsbook Sites
The 2024-25 NFL season is in full swing, and betting odds for this Monday Night Football contest are already posted.
This Monday will host two NFL games featuring an NFC vs. AFC team: the Ravens vs. the Buccaneers and the Chargers vs. the Cardinals.
NFL betting odds are available for games and games that will be played later this week. Game line odds are often available a few days before the match, whereas futures and props are available all year.
Below, we will discuss the game line odds for tonight’s matchups and discuss why the odds favor each team.
NFL Game Lines
NFL game lines are probably the most popular sportsbook odds in existence. They offer three ways to bet on the game. The money line or win is the most straightforward bet, as it is essentially picking who will win the contest.
Below, you will see that the Ravens and Chargers are favorites, as their win and spread line odds offer little value. However, if the Bucs or the Cardinals can win tonight, some good money could be made if the bet hits.
Ravens vs. Buccaneers
Both the Ravens and Bucs are looking towards the NFL postseason with current winning records. Ravens QB Lamar Jackson, alongside RB Derrick Henry, has been an almost unstoppable force on the ground attack. Most critics believe the Buccaneers have been playing above their expected ability and have relied heavily on the hot hand of quarterback Baker Mayfield, who has played well this season.
Odds from trusted offshore sportsbooks believe that the Buc’s defense will struggle against the Raven’s ground attack. With Lamar’s ability to create plays, it will be a tough fight, win or lose.
Baltimore Ravens vs. Tampa Bay Buccaneers
- Spread: -3.5 (-115), +3.5 (-105)
- Win: -200, +170
- Total: O50.0 (-115), U50.0 (-105)
Chargers vs. Cardinals
Both the Chargers and the Cardinals have struggled this year. The Chargers are currently 3-2; a loss would take them to .500 for the season. The Cardinals are currently 2-4, and a win could set them up for a late-season playoff run.
Odds indicate the Chargers should win this competition, but anything could happen on the field.
Los Angeles Chargers vs. Arizona Cardinals
- Spread: -1.0 (-115), +1.0 (-105)
- Win: -125, +105
- Total: O44.0 (-115), U44.0 (-105)
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New Zealand Pursues Online Casinos To Combat Offshore Betting Sites
The New Zealand government has taken the initiative to pursue legal online casinos, and many people believe this is to combat offshore betting sites.
New Zealand’s Minister of Internal Affairs, Hon. Brooke van Velden, confirmed that the country is looking at a regulatory framework to issue online iGaming licenses by 2026. However, license holders will be subject to sustainability checks, taxes on revenue, and to provide customer protections. There will also only be a select few license holders selected if new legislation passes into law.
Currently, the only online gambling provided by the country is sports and parimutuel gambling. However, Tabcorp is the sole beneficiary as it is the only company in the country with an online sports betting license.
The Internal Affairs Department, led by Hon. Brooke van Velden, regulates all forms of gambling in the country.
Domestic New Zealand Casinos
SkyCity Entertainment Group is one of the few companies in New Zealand with a domestic casino license. It owns resorts in three cities: Auckland, Hamilton, and Queenstown. Earnings reports confirmed that SkyCity generated retail gross gaming revenue of USD 229 million for 2023.
Full NZ Casino List
- SkyCity Auckland – 1800+ gaming machines, 150 gaming tables.
- Christchurch Casino – 500 gaming machines, 36 gaming tables.
- SkyCity Hamilton – 339 gaming machines, 23 gaming tables.
- Dunedin Casino – 180 gaming machines, 12 gaming tables.
- SkyCity Queenstown – 86 gaming machines, 12 gaming tables.
Offshore Casinos In New Zealand
Offshore betting sites have offered their services to New Zealand since the early 2000s and have become the most trusted source for many gamblers. While they are legal outside of the country, New Zealand itself has not authorized the use of these sites. However, the government has yet to forbid offshore gaming sites successfully.
Online, you will find numerous casino games that offer real money payouts, including blackjack gambling, roulette, slots, video poker, and more. In addition to a more extensive selection of games, online casinos also offer digital currency banking options, player-specific bonus options, progressive jackpot slots, and sometimes live dealer games.
Are Offshore Betting Sites Safe?
Licensed offshore betting sites are generally safe if a trusted gaming agency regulates them. Offshore regulators are often government agencies tasked with taxing and enforcing regulations to assure players are secure and that the games are fair.
To ensure that online casino sites are legit, check for licensing and compliance records that indicate they operate with oversight. Our online reviews will help you discover our recommended sites for 2024.
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