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Best Canadian Sports Betting Sites 2021 - Enjoy top online sports betting - Plus exclusive & free bonus offers at the Top 10 rated Canadian betting sites. Fantasy sports and sports betting company DraftKings Inc (NASDAQ:DKNG) has seen phenomenal growth throughout the past year. In its 2020 third quarter results, the company reported revenue of $133 million, a 98% increase over $67 million during the same period in 2019. Dec 19, 2020 As more states are added to the legal betting industry, the amount bet on sports online is growing. And that's going to be a huge tailwind for DraftKings, MGM Resorts, and GAN Limited. This article takes a look at the top Sports betting companies in Ghana. Supabet is perhaps the company that popularised their betting scene in Ghana. Having been one of the pioneers of Sports betting in the country after the company was set up some 10 years ago, they were initially every punter’s favourite and it was normal see a crowd at their offices and branches everyday. After the Murphy decision in 2018, each state is free to legalize sports betting within its borders. You can track legalization state-by-state right here at Sports Betting Dime. Today, legal US sports betting takes place at casinos, racetracks, or online platforms with the proper licenses from state authorities.
Best European Sports Betting Sites Online February 2021
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How We Choose the Best European Bookmakers
- Fully licensed and certified by independent regulators.
- Approved for secure financial transactions and data protection.
- Reputation for dealing with complaints quickly and fairly.
Bonuses and Promotions at European Sports Betting Sites
The European betting market is very competitive and so bookmakers will offer you great chances to earn an edge with free bets and promotions. There are many different types of free bets available, including:
- No deposit – The clue is in the name with these bonuses. You don’t have to stake any of your own money to place a bet, you sign up, claim the offer and get a free bet to have fun with.
- Matched deposits – After you make your first deposit with a European bookmaker, they match the amount to give you more money to play with.
- Risk-free bets – Many European betting sites also offer fantastic risk-free bets. All you have to do is sign up, claim the offer and make your bet. If you lose, your stake is refunded.
Our recommended European bookmakers all offer various free bets, bonuses and promotions for new and existing players. All you need to do is visit your preferred site, sign up and start taking advantage of their offers. We also suggest you check out our regularly updated list of new betting sites for even more welcome bonuses.
European Betting Legislation
As mentioned above, although Europe as a whole is fairly laid back when it comes to online gambling, policies regarding regulation and legality of online gambling vary by country. Below we take a brief look at the legislative landscape in Europe’s major nations;
- United Kingdom – Many of the best betting sites in Europe were founded and run in the UK. Many now base their business in tax havens such as Malta and Gibraltar. Online gambling in the UK is both legal and tax free – there are no restrictions for punters. Furthermore, a few years back the government changed their laws to allow betting firms to advertise on TV and in the press. This led to a big upturn for the betting industry.Although the UK Gambling Commission has tightened regulations in more recent times, on the whole, this is great news for bettors. Licences can be removed if a betting site provides poor service or fails to pay winnings. At SBO.net, we only recommend safe and licensed European betting sites.
- France – France has a long history of gambling. Like many of its European neighbours, gambling in France goes back to ancient times. The roulette wheel is a French invention and so was the addition of queens into a deck of playing cards.Online sports betting was a state-run monopoly in France for a long time, but pressure from the EU forced a revision to the laws. In 2010 the country eventually opened their doors to foreign-based operators.Betting exchanges remain illegal in the country despite opposition from major companies. Recreational bettors are not required to pay tax on online winnings, however those who are classified as a professional gambler are subject to deductions.
- Italy – The liberalisation of online gambling in Italy has been a gradual process, which was ignited in 2003 when a complaint was made against the Italian government on the grounds of infringement.A state-run monopoly was restricting foreign operators from offering their services to Italian clients. In 2009, the law was changed and allowed foreign firms accept Italian players once they received a licence.Like the UK, Italy has a passion for online gambling and it also has strict licencing. In order to receive an Italian betting licence, companies must be able to display a positive 2-year track record.
- Germany – The laws regarding online betting in Germany are confusing, as there is a mix of national laws and more limited state laws. The ‘Interstate Treaty on Gambling’ was implemented by 15 of the 16 German states.The law gave permission for ISP’s to block access to online casinos and other gambling portals and made it illegal for German banks to accept transactions from betting sites. However, this practice was deemed to have violated European law and in 2012 the German betting market was partly liberalised, with private enterprises able to apply for sports betting and lottery licences.The number of licences were initially limited to twenty with a 5% tax imposed on stakes. So far, the German government have been very reluctant to issue licences and have provided stringent requirements for firms to be accepted. We look at it in even more detail here. Despite this, German customers are accepted by the vast majority of online bookmakers who are not licenced in the country, and there are a number of firms who specifically target German citizens.
- Spain – A new law that regulates and licences bookmakers in Spain came into effect in 2012. Since then, over 70 operators have been licenced, and online sports betting and gambling is completely legal in the country. Betting gains in excess of €2,500 are taxable at 20%.Unlike many other countries across Europe, Spain doesn’t have a big tradition of gambling. Compared to countries like the UK and Italy, the amount of people who take part in online sports betting is low.However, Spain is a very passionate sporting nation and has produced international stars in many high-profile sports. Football is especially fruitful for Spain as they boast arguably the world’s top 2 teams, Real Madrid and FC Barcelona.
- Sweden – Sports betting is extremely popular in Sweden and it is in principle completely legal. However, as with many other countries, in Sweden, operators must hold a special licence. Initially, the Swedish government only gave out a licence to a state-backed company.The government appeared to be fighting a losing battle though as turnover at the state-backed operator has gone down in recent years, whilst internationally licenced firms have seen a revenue increase from citizens of the Scandinavian country.Football is very popular in Sweden and this is boosted by the profile of world superstar and former Swedish International, Zlatan Ibrahimović. Other popular sports include handball, golf and ice hockey and each is wagered on heavily in Swedish betting markets.
- Greece – Online sports betting and gambling is also freshly legalised in Greece. Greek citizens will pay a flat 10% tax on all online gambling winnings. This means that the Greek Government are set to make huge amounts in tax each year as sports betting and gambling in general is a national pastime.The history of sport in Greece and its role in helping to form the biggest sporting event in the world, the Olympics, should not be underestimated. Now that the online sports betting market is open, many Greeks take advantage and bet on their favourite sports.
- Denmark – Denmark has recently opened its state-run monopoly on internet gambling and has started to allow outside operators who are licenced. However, it is stringent in its approach with bookmakers who are not licenced and has blacklisted many since the changes came into force in 2012.Denmark does not have a reputation for being a sporty nation, neither do Danes have a major history of gambling. However, more Danes than ever are betting on their favourite sports thanks to betting sites in Europe accepting Danish players.
EU legislation is constantly changing, and many countries are in the process of having their online gambling laws changed. European betting sites are also moving quickly, with new operators making themselves available across the continent. Our team has compiled key information about most European countries and their gambling laws. Find your nation and read more here.
Depositing and Withdrawing on European Betting Sites
In such a competitive online market place, and with technology ever improving, the majority of bookmakers offer a plethora of deposit options for their customers. E-wallet services such as Neteller and Skrill are becoming the most popular way for customers to fund their accounts. These e-wallets offer anonymity, security and separation from a day to day bank account.
They also enable bettors to transfer their funds between different bookmakers cheaply and efficiently. Debit/credit cards are also still accepted, but withdrawal times (typically 3-5 days) are off-putting some individuals who want to access their funds faster. Other methods customers can use to deposit money include bank transfers, pre-paid cards, Paypal and vouchers.
Due to licencing across the continent, European bookmakers have to ensure they pay winnings efficiently. Depending on which banking method you use, you could get winnings into your account within hours.
E-wallet services are popular with sports bettors for a reason – both Neteller and Skrill offer cash out periods of up to 24 hours, but often payments are much quicker than that. Our recommended European betting sites all have excellent withdrawal times, so pick your favourite from our table above and start betting on the sports you love today.
The Most Popular Sports at European Betting Sites
As a continent, Europe has a proud history of sporting achievement. Many of the world’s most popular modern sports were invented by Europeans too. This history has created a continent obsessed by sport and every country has its favourites.
Inevitably, a passion for sport also means a passion for sports betting. The most popular sports for European punters include:
- Football/Soccer
- Basketball
- Tennis
- Cycling
- Rugby
- Ice Hockey
- Handball
- Volleyball
- Cricket
- Winter sports
The European bookmakers we recommend offer outstanding odds on these popular sports, plus many more.
European Betting Sites FAQ
Which odds format is used at European betting sites?
Decimal or European odds are the most commonly used across Europe, however in the UK and Ireland, fractional odds are often preferred. All major European bookmakers will give you the chance to choose your favourite method whilst on their site.
Different betting sites allow you to bet in different currencies. Most offer major currencies such as EUR and GBP, however some offer local currencies such as CHF, SEK or RUB.
Mostly yes - Europe is home to many countries where online gambling is fully legal and many major betting companies operate. Some countries, states and cities prohibit gambling.
Definitely. Due to the fact that most the world’s major teams are based in European leagues and compete in the Champions League. It’s also the most popular sport for betting too.
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The COVID-19 pandemic has turned our lives upside down and sideways. The sports betting industry has been able to pivot in ways that few expected and companies are taking notice. In the future, we will look back at the COVID-19 pandemic as a major turning point for the sports betting industry.
With things constantly in flux, we summarize the items covered over the past several months. The industry which had almost zero regulation prior to 2018, is now heavily regulated in many states… with many more to come.
Mobile Sports Betting Is The Most Important Asset To Gambling Companies
Gambling companies have struggled since COVID-19 swept the world in March. Major gambling companies stock hit sudden and scary drops that put many on notice. For instance, we saw Penn National Gaming’s stock plummet from $33 per share to $5 per share in March.
Since then, the retail casino outlook is not getting much brighter, with Wynn’s Encore Casino in Boston being forced to close earlier this week due to the pandemic. This could very well continue too with COVID-19 cases spiking across the world.
This all leads to major gambling companies pivoting their priorities to mobile betting. We saw Caesars Entertainment make a $3.7 billion purchase of William Hill, one of the largest sports betting companies in the country. In 2019, William Hill reported that three million customers gambled online. This will increase now that many states are introducing legal online sports betting during the COVID-19 pandemic.
Gambling companies have rebounded since the COVID-19 pandemic swept the industry but that is in large part due to mobile sports betting. Companies that are prepared for mobilization are able to pivot to that platform.
Penn National Gaming has rebounded from $5 per share to well above $50 per share at close on Tuesday. Their mobile platforms are undoubtedly leading to this optimism that has seen them become one of the largest casino companies in the country. Other companies will need to replicate this model if they have any hope of competing in this market.
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State Governments Are Making Mobile Sports Betting A Priority
Mobile sports betting is only going to go as far as states allow it to go. The most sought after benefit from legal sports betting is tax revenue. We have seen huge numbers in wagers from states like New Jersey, Nevada, and Pennsylvania. Furthermore, Colorado, Tennessee, and Illinois have adopted mobile sports betting in their states in 2020.
With many more states pushing for legal sports betting, expect legislation to rapidly increase. For instance, Michigan legalized live in-person wagering on sports in April of 2020. This is nearly impossible for fans to use because most casinos have severely decreased capacities or totally closed. Moreover, casinos were closed for several weeks from March-May to attempt to stop the spread of COVID-19.
There has been plenty of traction for Michigan to officially launch mobile sports betting in their state. Expect that this could happen in late 2020 or early 2021. This will be a theme in 2021 as well with states like New York, California, and Florida potentially bringing in huge amounts of sports bettors.
The potential for tax revenue will be massive in states with that kind of population.
Esports Will Be A Major Betting Attraction As It Gains Popularity
In March, sports leagues like the NBA, NFL, and NHL were forced to come to a halt. With no sports eligible to be bet on, Esports burst onto the scene. Sportsbooks quickly jumped in on the continuously growing market.
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The market exploded during the 2020 pandemic where we saw players across the country for competition. Sportsbooks such as DraftKings Sportsbook, William Hill, and FanDuel having extensive offerings for Esports.
Major corporations that are outside of the gambling industry are interested in Esports as well. Recently, Amazon purchased the streaming company Twitch for $1 billion. Throughout the country, we are seeing gamers make millions of dollars through streaming platforms, Twitch, Discord, and other streaming platforms. Players have the option to sell different types of gear on Twitch, as well as gain ad revenue from their videos.
The money that has been pushed into Esports was a huge development during the COVID-19 pandemic. The New York Times reported that the Esports betting industry is now worth $160 billion. Sports betting director Marco Blume is excited for Esports exclaiming, “Esports is king now.”
Marco explained that every major sportsbook will be offering Esports betting because of the COVID-19 pandemic.
Esports may have burst onto the scene during COVID-19 but it is here to stay.
Major Gambling Companies Want A Big Piece Of The Pie: Mergers and Acquisitions
We have talked about casinos working hard to pivot out of their retail operations, with major gambling companies like Caesars Entertainment and Sands Las Vegas moving away from their retail casinos. Caesars recently sold their Bally’s Atlantic City location to Twin River Holdings. They also sold Tropicana Evansville and are expected to continue to sell underperforming retail locations. However, they did buy William Hill for $3.7 billion in September where they expect to ramp up the online sportsbook.
Sands Las Vegas (NSDQ: LVS) is one of the largest gambling companies in the country with nearly a $40 billion market cap. They have recently looked to sell a few of their retail casinos in Las Vegas. An extremely frustrating set of circumstances for the massive corporation might see them sell-off some of the best resorts in their company.
Perhaps Las Vegas Sands is looking to get into mobile sports betting in response to the COVID-19 pandemic. Pivoting in this industry is crucial to the sustained success of these companies. Penn National Gaming recently launched the Barstool Mobile Sportsbook which helped their Quarter 3 earnings beat projections across the board.
Online Poker Increases In Popularity
When sports were forced to cease operation, online poker took a piece of the action. During the COVID-19 pandemic, only four states had legal online poker playing. These states include New Jersey, Delaware, Nevada, and Pennsylvania.
Each of these four states reported record-high online poker revenues. Furthermore, Nevada reported a 90% increase for March of 2020 compared to March of 2019. Poker high.
The online poker market was valued at around $45.8 billion in 2017. By 2024, experts expect that the market will be worth nearly $95 billion with the expectation that it will increase by 11.5 annually until 2027.
The most frustrating part of the industry is the legalization obstacles that companies face. The Wire Act of 1961 has forced online poker to be illegal in many states. The Wire Act forbids the use of communication via gambling that does relate to a sporting event or contest.
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Online Poker has an uphill battle to gain legalization from the rest of the states throughout the country. It will require significant changes by lawmakers who interpret the law in specific ways.