What Payment Methods Are Accepted at a Sportsbook?

The state of Rhode Island recently became the first in the country to legalize online gambling. Several operators were already up and running when legalization finally came. Though it’s not quite Wild West, online gambling is far from unregulated. Before a sportsbook can open its doors, it must pass a series of approval tests and check many boxes. Luckily, the process is fairly straightforward. Here are some of the most common payment methods accepted by sportsbooks.

Limited time offers – Similar to lottery contracts, limited-time offers are contracts between the sportsbook and the investor. These offers have a set limit on wagers and offer a specific rate for a certain amount of time. These types of offers are often tempting to those who are hoping to win big. However, if you are unsure about the legitimacy of a particular gambling sportsbook, it’s always better to stick with a reputable, official one.

Legal sportsbooks: While there are still a few states without a legal gambling sportsbook, the industry is booming. A few major operators have appeared in the last year, and the number is continuing to grow. In addition to online betting, Nevada is regulating the industry. And in New York, Betfair is planning to open its doors in the coming months. Until this is all settled, there will be many more new entrants to the industry.