Sports Betting Florida
Florida Sports Betting – Top Florida Sportsbooks For 2020
The best Florida sportsbooks and online betting sites are ones that offer a combination of great deposit bonuses, fast payouts, customer services and of course being 100% safe and reliable. We here at Sportsbooks.ag evaluated all of the online sportsbooks serving Florida and applied our years of offshore knowldge and in-depth ranking process to rank the top 5 Florida sportsbooks.
Sports Betting in Florida
With the ever growing sports betting market, the push is on to legalize sports betting in Florida. There is a lot of money at stake given the huge revenue generated by sports betting. The State Senator, Jeff Brandes, says “Florida is missing out on much-needed tax revenue by keeping sports betting underground”. He went on to cite economists studies which established that $150 billion from illegal sports betting goes on countrywide. “We think it’s time for Florida to take it out of the shadows and into the sunshine,” he continued.
Jeff filed a bill authorizing Florida Lottery to provide a sports betting platform but through self-serviced kiosks.in his bill, he requested the state lottery to give businesses the required mobile app and website sports betting licenses. Licensed operators would then split the proceeds by half with the state’s share going to finance educational services and other scholarships.
Sports Betting statistics in Florida
In Florida, gambling is only allowed to persons who are aged 18 and above. However, in venues that sell liquor, players must be at least 21 years of age. The Sunshine State, as many would call it, generates approximately $2 Billion in revenue. However, in 2019, this figure dropped significantly, as Florida only made $576.7 million. This drop is highly correlated to the state’s betting laws.
Florida has a total of 32 casinos, including two cruise lines. Florida’s betting market has a small-scale structure that is somewhat muddled. As such, it is no surprise that the state has quite a good number of casinos. The only brewing concern is on the stringent regulations that have been put in place by the Casino Regulatory Body, Florida Division of Consumer Service.
In 2018, the federal government passed a legislation that removed the existing roadblocks in sports betting. This allowed states to create their own frameworks and guidelines for sports betting (regulated) within their states. In addition to this, a recent election saw Florida residents shift the authority to regulate and legalize online sports betting into the able hands of the state’s residents.
Towards the end of 2019, the state of Florida put together legislative pieces aimed at regulating sports betting through Florida’s Lottery Program. This legislation would include online sports betting. S972, S970 and S968 stipulate the guiding parameters revolving around sports betting and the required procedure for licensing. Providers would be required to pay $100,000 for the license in addition to a 15% tax revenue.
Gambling laws in Florida cover all the aspects of legal gambling. These include casino boats, casino gambling, Bingo, tribal gambling, the state lottery, charity gambling, horse racing and dog racing. While the shift of power allows for residents to run ‘casino gambling’, there are a lot of gray areas on online sports betting that need clarification.
Any agents or individuals taking part in illegal sports betting are liable to face hefty penalties. Fortunately for bettors, the state’s gambling regulations do provide enough betting opportunities, provided they are of age and that they play in licensed venues, usually restricted to Tribal Casinos. The other available options include two cruise ships off Florida’s west and east coast, where gamblers can enjoy betting in international waters.
Betting in Florida constitutes an array of activities including dog racing, casino betting, off-track gambling, off-track horse racing, horse racing and many other types of gambling. Bettors can place their wagers on Florida’s popular teams, bet on the horses at Gulfstream Park or even enjoy some local casino games at Hard Rock Hotel & Casino. Players in the Sunshine State are exposed to all forms of gambling including casino card games and slot games.
Most, if not all betting actions in Florida happen in casinos that are located on Indian reservations. If you go through the state’s betting legislation, you will find all the legalized gambling activity that you can indulge in. The specific code sections that contain Florida’s betting laws can be found in 550.001et seq. and 849.01 et seq. For instance, anyone practicing illegal gambling is in direct violation of the 2017 state statutes stipulated in section 849.01. With such, one can be liable to prosecution with 3rd degree felony charges. Information regarding permit holders, games of chance, licenses and betting-related taxes is contained in the Pari-mutuel wagering laws’ chapter 550.
What is legal and what is not?
In the state of Florida, there is an impressive range of gambling activities that have been legalized, including casino games. Most of Florida’s casinos can be found in the Seminole Tribal Lands including the Hard Rock Casinos. Most casino games include Roulette, Craps, Blackjack, Poker, Baccarat and many others. Legal-age players can enjoy betting on cruise ships.
Currently, there is no legal legislation that permits online sports betting in Florida. However, there is none that explicitly states that online casino betting is illegal. In tribal casinos and racetracks, live poker games that happen in card rooms are allowed. The state allows for low-maximum betting activities and these come with an array of home-based games, cash games as well as poker tournaments.
Players ought to remember one thing; the federal law applies to any state gambling activity when compared to rakes. Currently, no individual, agent or firm is allowed to make money out of poker games that are home-based. The upper profit limit remains at $10. While online poker games remain illegal in the state, there have been no arrests or prosecutions for players who indulge in this kind of betting.
Lottery betting (which includes games such as Mega Millions and Powerball) dog racing, Bingo games, Jai-Alai, horseracing, charitable raffles and sports betting through pari-mutuel machines are all fully regulated. Players can indulge in 90-ball bingo, 75-ball bingo as well as the progressive jackpot bingo games offered at the Tribal territories as they are all considered legal, as long as the establishments and casinos offering these services have legal permits.
Sports Betting Definition in the State of Florida
Betting activity encompasses all forms of wagering for valued items or real money on any given game of chance including casino card games. Gambling activities also include any device used for the purpose of gambling such as video poker terminals, slot machines, casino tables and more. Horse Racing, tribal gambling, off-track betting, harness racing, quarter-horse racing and inter-track betting are all included in this definition. When it comes to casinos, the state’s definition only includes pari-mutuel styled casinos.
Any form of tribal gambling is should comply with the Indian Gaming Regulatory Act. In the state, Mahjongg, bridge, dominoes, poker and penny-ante games whose winning are below $10 are permitted. Florida’s gambling legislation overlaps with federal legislation when it comes to allowed betting activities such as casinos, racetracks and lotteries. In the United States, states that have their own betting legislation are usually governed by the existing Gaming Commissions and all casino betting activities are stringently ran by the zoning requirements.
What are some of the best sports betting sites in Florida?
If you are new to betting in the state of Florida, you will obviously want to use one of the leading sports betting sites.
Before you make up your mind on what platform to use for all your betting activities, there are certain things that you need to consider. First of all, you need to consider the platform’s reputation in regards to timely payouts, customer experience and user friendliness. Next, ascertain that the site has a valid and active gambling license. After this, put their banking options and promotional bonuses into consideration.
Most gamblers rank Betonline and Mybookie very highly. These sites have been tried and tested, and they have proved to be legit and trustworthy. They practice standard business principles that are not only legit, but also highly ethical. They provide players with all the necessary information that they might need to successfully place their wagers. Their websites are fully updated and well reputed for their user friendliness and ease of access. With the growing demand of sports betting even in untapped markets, these two sites serve the needs of all bettors, novices included.
Why are these sports betting sites considered as the best options in Florida?
There are many things that make a sportsbook great. However, there are others that give the best sites a cutting edge above the rest. Below are some of the qualities that make Mybookie and Betonline Florida’s best.
Online betting, and not only in Florida, is designed to be convenient. The idea is that everything from beginning to end should be well lined out, giving you zero qualms about depositing your hard-earned money, going through with the betting, receiving promotional bonuses as well as withdrawing or cashing out your wins. However, the reality is that you will have some questions every now and then. Betonline and Mybookie both have top-of-the-line customer support. Their customer service departments have numerous contact avenues and they are available 24/7.
There is no gambler out there who appreciates having to wait forever before they can receive their winnings. The convenience offered by most sports betting sites includes timely payout. Mybookie and Betonline are both prompt in their payouts. Upon making your withdrawal request, you can expect to receive your money within just a few hours or days, depending on your preferred banking option.
Bonuses and rewards
With sports betting, bonuses and other incentives are something that you should be getting. Sports betting is an extremely competitive industry, with providers competing to get your business. As such, most sites offer players free bets, initial sign-up rewards, first deposit bonuses, reduced wagers and so much more. Betonline and Mybookie both understand this, and they do their best to take care of their customers. With them, you can enjoy some free money just for trying them out or even additional perks for being loyal subscribers.
Are these two sites legal?
The question of legality in Florida is indeed a gray area requiring a lot of clarification. It encompasses two parts; legality for the bettors and for the site operators. You might need to contact your gaming attorney to shed some light. However, there is no visitor or resident that has been arrested for legal issues on sports betting in Florida just yet
Do these betting sites operate in other states?
When it comes to sports betting, the laws are applicable based on an individual’s physical location. This means that players who travel to other states would have to consider whether or not Betonline and Mybookie are regulated in those particular states. For instance, if you travel to Vegas, you are free to use these two sites without having to worry about Florida’s sports betting gray area. This is because the casinos here accept sports betting sites that are fully state-regulated. In addition to Vegas, you can enjoy betting on Betonline and Mybookie in many other states with special exceptions being Pennsylvania, Nevada and Delaware.
Loading money into Florida-based sports betting sites
Currently, most of Florida’s sports betting sites operate offshore. However, this does not mean that making a deposit and subsequently withdrawing your earnings is difficult. You do not have to travel all the way to the site’s headquarters to transact. Betonline and Mybookie offer players an array of banking options including Bank transfers, E-wallets like PayPal, debit cards, credit cards, courier cheques and crypto currencies like Bitcoin.
Most gamblers rank Bitcoin as the leading sports betting banking option for many reasons:
- It is accepted by most sports betting sites
- There are no fees involved
- The payments are all convenient and swift
- It offers bettors both the lowest and the highest limits
- It helps in maintaining user anonymity
Some useful Florida sports betting tips:
For you to be in a position to enjoy your gaming experience and even cash out more consistently, you need to acquaint yourself with some few tips.
- Get a legit site like Betonline and Mybookie and stick to it
- Choose games that offer you a high RTP or a low house edge.
- Avoid bringing emotions to your betting after a loss
- Keep your emotions in check after a win
- Take on incentives and other bonus offers
- Work with a winning strategy that is reliable
- Bet within your limits without going overboard with the stakes
- Use a reliable banking option
- Can I bet on sports in Florida?
No. While sports betting has not yet been legalized in Florida, there are some few active bills that could help in pushing things in favor of legalization.
- Can bettors play online in Florida?
Yes. Florida residents and guests can enjoy online betting through offshore online sportsbooks. Currently, this is their only safe and available option.
- Is betting on horse racing available in Florida?
Yes! Florida has a plethora of racetracks and racinos where players can place their wagers on horse racing events or even grey-hound dog racing events.
- Are online betting sites legalized in Florida?
Yes, Florida’s sports betting sites can be legally used. However, there are so many gray areas that need to be clarified.