Online Sports Betting is Legal in Florida
In mid-April 2021, state lawmakers announced that a deal had been made that would fully legalize online sports betting in the Sunshine State!
Join us as we take a closer look at the deal’s particulars and give you all the information you need on sports betting in Florida.
Florida to Legalize Sports Betting
Floridians can thank the deal made between the state of Florida and the native Seminole Tribe, who have been given the go-ahead to launch online sports betting in the state. We still don’t have all the details of the deal but let’s take a closer look at what we do know at this point:
A revenue-sharing deal struck between the Seminole Tribe, and the state could see as much as $20 billion over the next three decades flowing into the state’s bottom line.
The Seminole Tribe can now build, own, and operate another three brick-and-mortar casinos on tribal lands in Florida.
The tribe may now offer roulette and craps at all of their brick-and-mortar casinos across the state.
The Seminole Tribe can operate physical retail sportsbooks in specific sports stadiums, professional sports locations, horse tracks, card rooms, other facilities, and their brick-and-mortar casino locations.
The Seminole Tribe has been appointed as Florida’s exclusive operator of online/digital sportsbooks for the next three decades.
Online sports betting will be officially launched in the Sunshine State on October 15th, 2021, the same day Hard Rock Florida launches its online sportsbook. It's not likely that newcomers SI Sportsbook and Fubo Sportsbook enter the Florida sports betting market in 2021.
Florida Set to Become a Dominant Sports Betting Market in the US
The journey towards legalized online sports betting in Florida has been a long and winding road, peppered with countless disagreements and fallouts over the smallest of issues. Despite the mishaps of the past, one thing is abundantly clear – Florida is about to become the largest sports betting market in the United States. This is mostly due to Florida being the 3rd most populated state to allow sports betting and the 100 million tourists that visit the Sunshine State each year.
Expected Revenue from Sports Betting Apps
The Sunshine State is expected to make over $20 billion over the next 30 years in revenue from legalized sports betting apps. Meanwhile, some sources have reported a different figure of $500 million a year.
Potential Hurdles Still Facing Sports Betting in Florida
While both parties have signed and approved the deal, it still needs federal and state approval and might even face last-minute legal challenges. There is a chance that the entire issue of sports betting might be put up for a voter referendum.
Who Will Regulate Florida’s Gambling Industry?
Based on the deal struck between the Seminole Tribe and the state of Florida, gambling in the state will be regulated by two bodies, each overseeing its distinct areas and locations:
1. The first regulator of gambling in the Sunshine State will be the Seminole Tribe itself. The tribe will oversee and regulate all brick-and-mortar casinos in Florida that are located on tribal lands and online sportsbooks using servers located on tribals lands
2. The Florida Gaming Control Commission (FGCC), along with a sub-division of the FGCC known as the Division of Gaming Enforcement, is charged with eliminating all illegal parimutuels, sportsbooks, gambling halls, and card games found outside NOT found on tribal land
New Player Welcome Bonus We Can Expect in Florida
Nothing in life is certain. Except that online sportsbooks will never offer more attractive and generous Welcome Bonuses to players than when online sports betting launches in a new state. So, expect to see a lot of crazy, and most probably, never-seen again bonuses come October 15th as Florida’s new online sportsbooks look to draw in as many new users as possible with their tantalizing bait. In preparation for Day One in the Sunshine State, let’s take a closer look at the different types of bonuses likely to be on offer by the various FL online sportsbooks.
Risk-free First Bet
The risk-free bet is just what it sounds like – a bet where there is no risk involved. You may wonder how this is possible. And it is pretty simple – the online sportsbook will offer users a risk-free bet up to a value of a specific value (let’s call it $200 in this case). This means that the sportsbook will refund users who lose the first wager they place after joining the sportsbook, up to a maximum of $200. So, if you decide to wager $500 on your first bet and lose, you will only be covered up to $200. More often than not, the “refund” comes in the form of sportsbook-specific betting credits rather than cash you can just withdraw.
First Deposit Match
With a 100% first deposit match bonus, the sportsbook will 100% match the amount you first deposit into your account with them, usually up to a certain amount. So let's say a particular sportsbook is offering a 100% first deposit match up to the value of $500; this means that if you deposit $200 with your first deposit, the sportsbook will add an additional $200 to your account balance. If you deposit $500, they will deposit $500. However, if you deposit $750, they will still only deposit $500, as this is the maximum amount of the bonus.
Just as the name says, with this type of Welcome Bonus, you receive the bonus without even having to make a deposit. All you need to do in most cases is simply sign-up. The value of an online casino no-deposit bonus usually appears to be far smaller than with a matched first deposit and around $5-$20. Just remember that with a $250 first deposit bonus, you will need to first spend $250 to receive the bonus (which almost always comes with a wagering requirement that must be met). While with a no-deposit bonus, you are given a few dollars just for signing up.
Free Matched Bet
With a free matched bet Welcome Bonus, the sportsbook will reward you with a free bet worth the same amount as the first bet you make with them. It’s pretty similar to the risk-free first bet. This means that the first wager you place with the sportsbook is worth $100; they will reward you with a risk-free bet worth $100.
Be Sure to Read the Fine Print
Unfortunately, nothing in life is free. Not even “free bonuses,” from online sportsbooks. Firstly, in most cases, the bonus you receive will be in sportsbook-specific betting credits and not cash. Secondly, you will almost always have to meet a specific wagering requirement before you can withdraw any winnings you may have accumulated using the bonus.
Types of Sports Wagers You Can Place at FL Online Sportsbooks
The Moneyline bet is just your average bet and likely the type of bet the average person thinks of when they hear the word bet or wager. You are simply wagering on who will win the game.
When it comes to point spreads, the online sportsbook handicaps one side. Let’s say that the Miami Dolphins are at 9.8 to win against the Patriots, the Dolphins will have to win the game by at least 10 points for you to win the spread.
With Totals, also known as Over/Under bets, you bet on how many points will be scored by both sides in total. So, if the total for a particular game is 50 and you wager the “over,” the two teams will need to score more than 50 points combined for you to win.
Futures are bets you place on events that may happen in the future. For example – you may bet on the Heat winning the NBA Championship or Jimmy Butler winning MVP in the finals. The sportsbook will offer odds on the chances of it happening, so the more unlikely the future, the higher the odds, and the more you would win.
With props, also known as “propositional bets,” you bet on a team’s performance or an individual, depending on the type of sport involved. For example, you may bet on how many defensive rebounds a certain player might make in a game or on which team wins the Super Bowl.
The Most Popular Sports to Bet On in Florida
- Aussie Rules
- NCAA sports
- Table Tennis
Common Banking Options Offered By Online Sportsbooks
The most banking methods you can expect to find at FL sportsbooks include:
- Cash at the casino cage
- Credit cards
- Debit cards
Keep in mind that every sportsbook is different, and some may accept and use specific banking options while others may not.
Online Sportsbooks in Florida
Currently, no online sportsbooks are operating in Florida. However, that will all change on October 15, 2021, when online sports betting in the state will be fully legalized. Thus far, the only sportsbook announced to be launched on the same day is the Hard Rock Sportsbook, operated by the Hard Rock Casino Tampa and owned by the Seminole Tribe.
Rest assured, by the time legal online sports betting kicks off in the Sunshine State you will have several different online sportsbooks to choose from. After all, Florida is poised to become the largest sports betting market in the United States, and it is doubtful that sports betting giants like DraftKings and FanDuel will not want a piece of this extremely lucrative pie. So, between now and October 15th, we expect to hear regular announcements of other online sportsbooks joining the party.
So, while we cannot 100% predict exactly which sportsbooks will form part of Florida’s online sports betting landscape, we can get a good idea of what to expect by taking a closer look at online sportsbooks currently operating in the other sports betting-friendly states.
Hard Rock Online Sportsbook FL
Thus far, the only online sportsbook that has confirmed it will be accepting wagers on day one of Florida’s new sports betting industry is the Hard Rock Online Sportsbook, owned and operated by the Seminole Tribe.
The Hard Rock Casino currently has online sportsbooks operating in New Jersey and Iowa, and by looking at what they now offer, we can have a good idea of what to expect come October 15th.
The existing Hard Rock online sportsbooks currently accept wagers across:
- NCAA football
- NCAA basketball
- Formula One
- English Premier League soccer
- ATP and WTA tennis
They offer the following types of wagers above across all of the sports mentioned above:
- Moneyline bets
- Points spread wagers
- Prop bets
- Over/under betting
- Futures betting
When we compare Hard Rock’s online sportsbooks to the rest of the industry, they come across as being better than average. However, there are two key areas where they could up their game – the bet lines they offer and their promos. While they can by no means be lacking in these areas, they are some ways behind the best that the industry has to offer.
However, when it comes to promos, there is hope for the soon-to-be-launched Hard Rock Online Sportsbook Florida – Day one in a legalized sports betting industry is usually a day filled with massive and incredibly generous Welcome Bonuses.
With the recent announcement of their soon-to-be-launched Florida online sportsbook, the Hard Rock will soon have an online sportsbook operating in three states:
- New Jersey
Other Online Sportsbooks That May Join the Florida Market
With Florida set to become the largest sports betting market in the United States, it is inconceivable to think it will be served with just one online sportsbook. By looking at the sportsbooks that are involved across several other states, we can have a good idea of what the online sports betting landscape in Florida will probably look like.
DraftKings Online Sportsbook FL
DraftKings has lived up to their name and become the kings of online sports betting in virtually every state they have legal standing in. And it is easy to see why – they offer a slick, sophisticated, and well-thought-out mobile app and are known for their generous Welcome Bonuses and ongoing promos. There is no doubt that DraftKings would make a great addition to the online sportsbooks servicing the Sunshine State.
DraftKings currently operates in the following states:
- New Hampshire
- New Jersey
- West Virginia
- Arizona (coming soon)
FanDuel Online Sportsbook FL
Wherever DraftKings goes, FanDuel is usually just half a step behind them. They are DraftKings' biggest competitors and operate in virtually all of the same markets. DraftKings built their reputation in the world of Daily Fantasy Sports before taking everything they learned from their success in that area and applying it to the world of online sports betting.
FanDuel Sportsbook is currently found accepting online wagers in 10 states, we can’t imagine it’d be too long before they jump on the bandwagon and become a part of the largest sports betting market in the United States. A large part of FanDuel’s success is based on them offering some of the best betting lines in the United States. They have also built a name for themselves thanks to their full calendar packed with exciting promos running throughout the year. In addition, their mobile app is known to be quite intuitive while also offering a multitude of features, making it ideal for beginners and pros alike.
FanDuel is currently available in the following states:
- New Jersey
- West Virginia
- Arizona (coming soon)
FOX Bet Online Sportsbook FL
FOX Bet is an online sportsbook that is owned and operated by FOX Sports. With FOX being a household name, it is undoubtedly just a matter of time before they announce their intention to join Florida’s sports betting market, where they will aim to cement themselves as a favorite.
When it comes to their betting lines and promos, FOX Bet can play on equal ground with any online sportsbooks, including the big names like DraftKings and FanDuel. If we take a look at the list of states in which they currently operate, it is clear that they prefer to enter markets that permit both online sports betting and online casinos. Florida may tempt them away from this strategy, solely based on the sheer number of sports betting fans in the Sunshine State.
It would be safe to say that we can expect the announcement of them launching in Florida any day now!
FOX Bet Sportsbook is currently operating in the following states:
- New Jersey
BetMGM Online Sportsbook FL
The MGM brand is regarded as being one of the biggest names in the world when it comes to gambling. In fact, the name has become so ingrained with the world of gambling in the minds of the average person that almost everyone who knows of the brand also knows that it is closely associated with gambling, whether it be via their brick-and-mortar locations, their online casinos or sportsbooks.
BetMGM Sportsbook currently operates in the following states:
- New Jersey
- West Virginia
Other Sportsbooks Likely to Join the Florida Sports Betting Market
William Hill Online Sportsbook
William Hill Online Sportsbooks currently operate in the following states:
- New Jersey
- West Virginia
Points Bet Online Sportsbook
PointsBet Online Sportsbooks currently operate in the following states:
- New Jersey
Caesars Online Sportsbook
Caesars Sportsbook currently operates in the following states:
- New Jersey
TwinSpires Online Sportsbook
TwinSpires Sportsbooks currently operate in the following states:
Editor’s Note: Since online sports betting has not yet begun in Florida, the information above may not be 100% accurate by October 15th, when Florida’s first online sportsbooks will start accepting wagers.