Take a look at our list below of the best Florida online sportsbooks. You can also find our list of the best Florida online casinos here.
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Florida residents commonly use trusted offshore online sportsbooks to wager their sporting bets. Recently, the Governor and the Seminole Tribe have held talks about legalizing online sports betting. It’s an incredibly exciting time for online sports bettors since, which is why we have prepared an in-depth guide showcasing the best online sportsbooks in Florida.
In the next few pages, we’ll reveal exactly what makes an online sportsbook standout, as well as reveal the best ones available in Florida. Our experts made sure they had eye-catching bonuses, game variety, customer support and held a highly regarded license before each sportsbook made the cut.
So, we can safely say that this sports betting guide will provide everyone with the best advice on choosing the right sportsbook for them. We’re also going to share vital information regarding sports betting laws within the Sunshine state, to make sure we’re up to speed. Shall we?
Is Betting on Sports Legal in Florida
Unfortunately, it’s not legal, but things started to change when the Governor of Florida started talks with the Seminole tribe. These talks have shown promise when it comes to the legalization of online sports betting. The Seminole tribe and Florida state agreement should materialize somewhere within 2022.
At present, residents of Florida are placing their sports wagers on offshore sportsbooks that accept players from the state. These offshore sportsbooks possess licenses with non-US jurisdictions, such as Malta, Curaçao, the UKGC and Kahnawake.
Some of these offshore sportsbooks have provided their services to the US for many years. Any Florida resident of age can create an account with an offshore sportsbook and start betting on their favorite sports. These real money betting sites come with plenty of excitement attached to them.
Florida Gambling Taxes
Whether online or land-based, the sports betting industry generates a great deal of revenue for the IRS. Presently, Florida taxes all gambling winnings at a flat rate of 24%.
If the prize is over $5,000, tax withholding will come into effect. A person could also be eligible for tax deductions if someone fulfills specific criteria. If anyone is unsure about their winnings, it’s better to contact a professional who has the necessary knowledge about tax laws in Florida.
Guide to Finding the Best Florida Sportsbooks
Online sports betting is a massive industry, and new online sports betting enthusiasts have hundreds of sportsbooks available to them. Understandably, all these numerous options at one’s disposal can become overwhelming.
How do we know that our chosen sportsbook will give us fast payouts? Or how do we know if our chosen sportsbook will give us favorable odds? There are so many questions to consider. Where does a person even start?
If the above sounds familiar, this is the right place. We’ll share our guide to finding the right sportsbooks. Our guide is systematically designed to help anyone start at one point and work their way through each checkpoint as we consider each critical feature of the sportsbook. This guide intends to assist anyone in their quest to make the best possible decision.
Newbies to the world of sports betting should remember one significant thing. Every online sportsbook is unique. They may seem very similar at first glance, but having a look a bit closer, a person can quickly gather that it’s not the case.
1. Determining Preferences
First, we’ve determined what we intend to gain by joining an online sportsbook. Some of these factors included the following, which include some personal values.
Level of Odds Offered Were Inspected
Since we intend on making money out of sports betting, we have determined which sportsbook offers the best odds. Whether it’s our favorite sport or other sports, each sportsbook has different odds for each event.
We completed an investigation or compared sites to determine which sportsbook will work best. For instance, in a game between two soccer teams, one sportsbook may offer 15/8 on our team winning the game. Another sportsbook may offer better odds at 2/1 for our team winning the game. Doing this, we’ll probably end up placing our bet with the sportsbook that offers us slightly better odds and the most reward should our team win the match.
Sportsbooks Websites Were Reviewed
We have reviewed the websites and determined if it’s of high quality and if their user interface measures up to our standards. We’ve checked for poor design, easily navigable betting sections, page loading times and cluttering, among other things.
Since we’ll be spending quite a significant amount of time on this website, we know betting on sports can be stressful enough, especially if we intend on betting on live sporting events. We’ve made sure that the sportsbook can refresh new in-game betting odds fast and without incident.
We’ve also checked whether the online sportsbook has a mobile app or whether the website is compatible with our mobile devices. The best sportsbooks have downloadable applications for all mobile devices. Even without the download of an application, a good sportsbook would have made sure that its site is adaptable to any mobile device.
Payment Options Available
The range of payment options that are available at an online sportsbook can have a significant impact on the overall experience for a sports bettor. There are plenty of extremely popular payment methods available online such as Skrill, Neteller, PayPal, Bitcoin and more.
Variety of Sports and Secondary Betting Features Were Important Factors
It’s an essential factor to verify, especially if we intend to bet on various sports. We looked at the amount of betting markets the sportsbook has available. In the future, we may transition into a different sport that catches our attention. If we’re avid online gamblers, we took into consideration if the sportsbook also offered a casino lobby. We would always like to see each of the following sports/leagues, for example:
- NFL Sportsbooks
- NBA Sportsbooks
- NHL Sportsbooks
- MLB Sportsbooks
- Tennis Sportsbooks
- UFC Sportsbooks
- Soccer Sportsbooks
- Boxing Sportsbooks
- NASCAR Sportsbooks
- Golf Sportsbooks
- Esports Sportsbooks
We Checked Out the Welcome Bonuses and Other Promotions
The quality of the welcome bonus was a major determining factor when it came to choosing the best online sportsbook. There is an endless supply of welcome bonuses and promotions offered by a seemingly endless supply of online sportsbooks. Each sportsbook is trying to counteract each other, as they come up with even better welcome bonuses by the day. Understandably, each new welcome bonus seems more enticing than the previous one.
This is where we sat back and analyzed each welcome bonus’ terms and conditions. We considered the wagering requirements that apply to each bonus and compare how these free bets stack up against each other.
For example, let’s say we’ve received a $25 bonus and the wagering requirement of that bonus is x40 before we can make a withdrawal of our winnings. It means that we’ll have to play our $25 bonus 40 times. This brings it to a total of $1000 wagered before we can withdraw our winnings.
2. Trust and Customer Reviews
We established trustworthiness by doing lots of research on the internet and social media. We paid special attention to customer reviews and what the majority are saying.
We checked if the online sportsbook had a license with a reputable licensing agency. It was of the utmost importance that we ascertained whether the online casino is allowed to operate within the US.
3. Honoring Wagers
We checked if our best sportsbooks had many customer complaints. Each of the site’s clientele was pleased with the services they received.
Good services include, but are not limited to, the sportsbook honoring payouts and completing them within an acceptable time frame. The best sportsbooks also have a variety of banking methods with ideally very low or no charges.
4. Sportsbook Customer Support
The best online sportsbooks have customer service available 24/7 via live chat, email or phone. Customer service should always be efficient, professional and friendly. The boxes were ticked in all these boxes.
5. Honest, Non-Exploitative Terms and Conditions
We inspected the Ts and Cs in more detail. We were able to find them at the bottom of the homepage of the sportsbook, right next to or above the licensing information.
It’s always a good sign if it’s evident to us that the Ts and Cs have clear guidelines concerning all operations within the sportsbook. They were clear and stated what we can expect from the sportsbook and what the sportsbook expects from us the customer. Here, we also inspected all the wagering requirements for other bonuses and promotions.
6. Security and Safety of the Sportsbook
We took exceptional care to ensure that the sportsbook of our choice has sufficient safety and security measures in place that will protect our financial and personal information. We checked whether the best sportsbooks employed the best 128-bit encryption.
We hope that our guide to help you choose the best online sportsbooks in Florida has surpassed everyone’s expectations. The aim was to make sure by the time everyone had reached this point, we’d all be experts on what to look out for as well as be impressed with our list of sportsbooks.
Remember, a strong welcome bonus, professional customer support and top security are just a few key factors that will make a sportsbook in Florida stand out. We hope you enjoy your new gambling experience in the state!
FAQs About Online Sportsbooks
1. How Does Online Sports Betting Work?
A bookmaker lays out the odds for a specific sports event. Online sports bettors place their bets on the selection that they think will win, and they make a stake to those odds. The event’s result determines each gambler’s win. It’s the basics of betting on sports. There are various other forms of placing a bet including Win Singles, System Bets, Exchanges and Multiple Bets, to name a few.
2. How Do Odds Work in Sports Betting?
If the odds are 10/1, it means that you will get x10 your money in winnings should your team or horse win, for example. So if I bet $100 with the odds at 10/1, I would’ve won a total of $1,000. The more you bet, the more you win.
3. How Does Live Betting Work?
Live sports betting allows players to place bets on an event as it is taking place. It was not possible in the past. You could only place bets on an event before it started and hope for the best outcome. With the enhancement of technology, it’s now possible to bet on events where games are streamed directly onto sports betting platforms.
It’s opened up a whole new way of betting in sports as sports betting enthusiasts can now become part of the games as it unfolds. Odds continually change during games, and gamblers must think fast on their feet to make the right call on bets.
4. What Features Should I Look For in a Sportsbook App?
As you’ll be carrying your sportsbook around with you, you’ll want to make sure that the mobile version has all the key features of the desktop version of the sportsbook’s website. Check to see if you can complete financial transactions on the application. Find out if you can easily navigate to certain betting sections and promotions. Also, we recommend testing out the in-play action and seeing if the application gives you a clear view of all the features.
5. How Do I Know if an Offshore Sportsbook Is Regulated?
Check on the sportsbook’s homepage for licensing information. You should find this information easily by scrolling to the bottom of the homepage. Verify the licensing number. You can do this by checking with the licensing authority.
Reputable offshore licensing authorities for offshore online sportsbooks are Malta, Curaçao, the UKGC, and Kahnawake.