Best Crypto Sportsbooks and Bitcoin Betting Sites for U.S. Players in 2024

Bitcoin betting sites are not only tons of fun, but they also allow you to bet on your favorite sports with speed and anonymously. Most also have much higher welcome bonuses compared to those offered by regulated sportsbooks.

To help you choose the best crypto sportsbook, we’ve reviewed Bitcoin betting sites based on sport selection, cryptos accepted, welcome bonuses, payout speed, and other key factors.

List of the Best Bitcoin & Crypto Betting Sites in the USA

Which Bitcoin sportsbooks offer the best odds and the fastest payouts? There are dozens of crypto sportsbooks out there, with more popping up every month, and narrowing down the top Bitcoin betting sites is a real challenge.

We’ve done the work for you by reviewing the very best crypto sports betting sites on the web. All our favorite choices are licensed, secure, and open to bettors in the USA.

1. CoinPoker – Overall Best Online Sportsbook For Bitcoin Bettors
2. Betpanda.io – Biggest Crypto Sports Betting Bonus Up to 1 Bitcoin
3. TG.Casino – Largest Crypto Sportsbook On Telegram
4. BC.Game – Best Selection Of Crypto Tokens Accepted
5. Lucky Block – Excellent Live Sports Betting Coverage
6. Instant Sports – Excellent Crypto Betting Options On Mobile
7. WSM Casino – Best Variety Of Sports Markets For Crypto Players
8. Mega Dice – Most Impressive Crypto Welcome Offer
9. Wild.io – Smoothest Browser-Based Betting Interface
10. Jackbit – Generous Bonus Range & Crypto Only

Top 5 Bitcoin Sports Betting Sites in the USA Reviewed

Below, you’ll find in-depth reviews of the top five BTC betting sites in the USA. In each review, you’ll learn about the betting site’s range of sports markets, welcome bonuses, special features, and accepted payment methods.

1. CoinPoker Sportsbook – The No. 1 Best Overall Crypto Sportsbook

CoinPoker started as one of the best crypto poker sites, but since the launch of its online sportsbook, the brand has remade itself into the best mobile-based crypto bookmaker in the US.

For one thing, CoinPoker is a no-verification crypto casino. Sign-ups are anonymous, so you can protect your sensitive information in a few minutes. Like other sites on this list, CoinPoker has decentralized blockchain transactions using Bitcoin, Ethereum, Tether, and its own token.

Bitcoin and Bitcoin cash support traditional crypto payments. Ethereum adds faster payments and smart contracts. Tether is pegged to the US dollar, so American sports bettors get top-flight safety and speed without wild market fluctuations. The fees are minimal, while some payment methods are free.

As for sports betting, CoinPoker covers football, baseball, basketball, and hockey, plus international sports like tennis, golf and soccer. Esports has distinct sections for first-person shooters and MOBA, while you will also find odds for more niche sports like handball, futsal, Kabaddi, water polo, biathlon, bandy, and alpine skiing.

CoinPoker Bonus:

2. Betpanda.io – Biggest Crypto Sports Betting Bonus Up to 1 Bitcoin

Betpanda is another great option for crypto sports bettors. It supports deposits and payouts with ten different crypto methods. Bettors can not only use Bitcoin and Ethereum, but also Shiba Inu and Dogecoin with a no KYC registration process.

Betpanda sportsbook is known for competitive odds on Esports, MM, and handball. Esports bettors rave about the FIFA and NBA2K sports betting markets. If you want something different, you can try eHorse Racing.

The standout factor with Betpanda might be its huge welcome bonus. When you make a first deposit, you’ll qualify for a welcome bonus up to 1 BTC. Bitcoin is trading at over USD$66,000 currently, so that’s ten times the size of most crypto sportsbooks’ welcome packages.

Low rollers and mid-stakes bettors receive a deposit bonus with just €20 deposited, while everyone receives 50 free spins in the crypto casino. Bettors also can expect 10% weekly cashback and special bonuses when they visit the Betpanda Telegram channel. 

Betpanda sports bonus:

3. TG.Casino — Largest Crypto Sportsbook On Telegram

Regulated sports betting sites ask you to prove your identity, which is a real drag if you’d rather stay anonymous. If you’re tired of sportsbooks asking to see ID, give TG.Casino a try. This Telegram-based casino has no Know Your Customer (KYC) requirements, and you don’t even need to create an account to enjoy sports betting here.

TG.Casino launched in 2023, but it has already proven itself a contender for one of the best Bitcoin online sports betting sites on the web. It features 30+ sports and dozens of markets for domestic and international sports. It also has one of the prettiest and most modern-looking user interfaces of any sportsbook out there.

The casino is jam-packed with thousands of slot games from nearly 20 developers. You can also try its many table games, live dealer games, and provably fair crash titles, such as Aviator.

Perhaps the biggest downside to TG.Casino is that it doesn’t have a dedicated welcome bonus for sports bettors. You can get a 200% match up to 10 ETH + 50 free spins & $5 sports bet, but the bonus is only good for casino games. Still, this bonus is impressive — among the highest we found at any gambling site.

Although this sportsbook doesn’t have phone support, it’s a snap to get help via email or live chat on Telegram. TG.Casino also has a detailed self-help section that includes betting guides for beginners.

TG.Casino only accepts cryptocurrency, including Bitcoin, Tether, Litecoin, Ethereum, and the sportsbook’s native TGC Token. There are no transaction fees except those paid to your blockchain provider. The sportsbook aims to pay out within 24 hours, but most transactions are much faster than this.

TG.Casino Sports Bonus:

4. BC.Game – Best Selection of Crypto Tokens Available

Bitcoin is far from the only cryptocurrency available today, and chances are, you’ll want to deposit funds on a sports betting app with a different type of crypto. BC.Game is one of the best Ethereum betting sites if you’re looking for compatibility with a wide variety of tokens.

The platform accepts 18 different cryptocurrencies, including all of the most popular tokens along with more obscure ones like Solana, Polygon, Arbitrum, Optimism, and Cronos. You can buy any of these currencies through the BC.Game platform. BC.Game also touts its own crypto token, BC Dollar (BCD), which it often promotes within bonuses.

BC.Game supports over 40 sports along with eSports and racing events. Within soccer alone, the platform has over 400 markets. You can also place live bets on most sporting events.

You’ll find that many crypto sportsbooks are relatively new to the game, but BC.Game has been around since 2017. During that time, it’s built a reputation as one of the more reliable and safe crypto sportsbooks. Most payments process within two hours at most, while some take only a minute to hit your account.

The platform’s multi-part welcome bonus is unique, giving you a match percentage on your first four deposits instead of just one. But the minimum deposits subsequently decrease for each bonus, which means not all bettors will be able to take advantage of all four bonuses.

BC.Game sports bonus:

5. Lucky Block – Excellent Live Sports Betting Coverage

There’s something thrilling about betting on sports in real time, right as the game is happening. But you don’t have to be at the stadium to participate in live sports betting — and you don’t have to use cash. Lucky Block is our top choice for a Bitcoin betting site with live betting.

This new betting site offers some of the best live odds in over 150 curated sports markets for each sport. Markets appear every 30 seconds, allowing you to place exciting new bets throughout the game. Lucky Block will show you detailed stats, so you can make informed decisions about your bet.

The site offers betting on over 35 sports. As one of the top Bitcoin betting sites, it accepts several cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, Bitcoin Cash, Tether, and several more niche currencies. You can purchase crypto directly through the platform, making it very beginner-friendly.

Payment speeds are lightning-fast on Lucky Block. The site processes crypto withdrawals almost instantly, so there’s no waiting game to receive your payout. However, Lucky Block also accepts fiat payments like credit cards, wire transfers, and Apple Pay, and those methods can take up to 48 hours to process — still very fast.

While there isn’t a dedicated mobile app for Lucky Block, it’s completely optimized for mobile browsers. And the site does have a generous welcome bonus, but only 50% of your sports betting wagers will count toward the bonus, so keep that in mind as you plan your initial deposit.

Lucky Block sports bonus:

Comparing the Top-Rated Crypto & Bitcoin Sportsbooks for U.S. Players

With so many Bitcoin sportsbooks out there, it’s tough to keep track of what all of them have to offer. To help you stay organized, we’ve compiled must-know information about the top Bitcoin sports betting sites below.

How We Choose BTC & Crypto Betting Sites: Our Review Methodology

To choose the best Bitcoin betting sites, we looked at factors that are important to sports bettors, such as the range of cryptos accepted, licensing, safety, bonuses, and customer support. Consider the following factors when choosing the right cryptocurrency sports betting site for you:

• Range of Cryptocurrencies: There are dozens of cryptocurrencies, but not every sportsbook accepts all of them. Our favorite betting sites accept at least five currencies. To make our list, a betting site must accept Bitcoin at the bare minimum, as this is the most popular currency. Other commonly accepted currencies include Ethereum, Dogecoin, Litecoin, Ripple, and Tether. We’ve covered the best Ethereum casinos online and the top Tether casinos for those interested in gambling with BTC alternatives.
• Payout Times: Have you ever waited for days (or worse, more than a week) because of a slow-paying sportsbook? That won’t be a problem at the best crypto betting sites on our list. Many of them pay out in just a couple of hours; in some cases, you might have winnings in your wallet in mere minutes. Note that some cryptos are slower than others, and payout speed is strongly tied to the number of transactions currently in the blockchain.
• Licensing: We’d never place bets at an unlicensed sportsbook, and neither should you. All the sportsbooks on our list hold official gambling licenses from jurisdictions such as Curaçao and Panama. By only using licensed sportsbooks, you can rest assured that the site will pay out your winnings as promised.
• Bonuses and Promotions: Nearly all the sportsbooks on our list offer a dedicated welcome bonus for sports bettors. These bonuses match your first deposit by 75% to 200% up to a certain amount. Plus, your bonus will usually be even bigger if you use crypto.
• VIP Clubs: We also looked for sportsbooks that offer promotions for regular customers. Some, for example, offer weekly cashback on losses. Many also have loyalty programs that reward you for every dollar spent.
• Customer Service: Although you’re unlikely to have problems at the best Bitcoin betting sites, it’s good to know that customer support is standing by if you do. Every sportsbook we reviewed offers 24/7 live chat and email support. Some also provide support by phone.
• Depth of Markets: Our favorite crypto betting sites offer a huge range of markets to appeal to all types of sports fans. You can bet on markets such as touchdowns scored, points totals, soccer shots blocked, and the first team to score.
• Mobile Interface: Most of the sportsbooks we reviewed don’t offer a dedicated mobile app, but that’s not a problem as long as a sportsbook runs well on your mobile browser. Our favorite sportsbooks feature clean, easy-to-navigate interfaces that put must-know betting information at your fingertips.
• Range of Sports: Are you into traditional sports such as football and baseball? Or maybe you’re more of an MMA or golf fan. You can bet on all of these sports and more at the best Bitcoin betting websites. Most of those on our list offer 30+ domestic, international, and niche sports.
• Safety: We know you might be a bit wary of trying an offshore sportsbook due to a lack of regulation. Knowing we thoroughly inspected each sportsbook for safety and security should give you peace of mind. All encrypt transactions, and several don’t have KYC requirements, which means the sportsbook will never know your identity.

Bonuses & Promos at the Best Bitcoin Sports Betting Websites

The best Bitcoin sports betting sites offer plenty of bonuses for new and regular bettors alike. We explore some of the most common bonuses and promos at offshore sportsbooks here.

• Welcome Bonuses: Welcome bonuses are among the most sought-after bonuses at sportsbooks, and for good reason. These bonuses match your first deposit, sometimes by up to 200%. You could earn a bonus worth $1,000 or more.
• Crypto Bonuses: Many sportsbooks offer a two-tiered bonus for crypto and fiat bettors. Crypto bonuses are usually double fiat, so stick with crypto if you want the biggest bang for your buck.
• Reload Bonuses: Some sportsbooks reward you when you add more funds to your account. Reload bonuses are similar to welcome bonuses but are usually much smaller.
• No Deposit Bonuses: These bonuses don’t require you to make a deposit to earn it. No-deposit bonuses are generally small (about $5 to $10).
• Risk-Free Bets: A few sportsbooks offer risk-free bets, which pay you back if your bet loses. Risk-free bets are typically only offered to new customers, although some sportsbooks offer them as part of their loyalty program.
• Free Bets: Free bets are similar to risk-free bets. The main difference is that you don’t have to use any of your own money to earn them. Again, free bets are largely reserved for new bettors and loyalty club members.
• Casino Bonuses: All the sportsbooks we reviewed also have a casino, so it’s worth mentioning these bonuses. They include free spins for slots, cashback on losses, and freeplay tournaments. To get the biggest casino bonuses, be sure to sign up for the sportsbook’s loyalty program. The more you play, the bigger the bonuses you’ll receive.

Comparing Sign-Up Bonuses at the Top U.S. Crypto Sportsbooks

Looking for a Bitcoin sportsbook with awesome bonuses and promos? There’s no need to visit dozens of sportsbooks because we’ve done all the hard work for you. Below, you’ll find information about crypto welcome bonuses, rollover requirements, minimum required deposits, and bonus expiration dates.

Sports Betting With Bitcoin & Cryptocurrency: What To Know

Trying a Bitcoin betting site can feel like visiting an alien world if you’re only used to betting at retail or regulated sportsbooks. Are offshore crypto sportsbooks safe, and can you trust them with your money?

Crypto, by nature, is one of the safest payment methods you can use, which is why it’s become the currency of choice for many sportsbooks and bettors. The following are some key features of crypto betting sites:

• Incredible selection of sports and betting markets
• Speedy and secure payouts
• Huge welcome bonuses and regular promos
• Can access your bet slip from any mobile device

How Does Sports Betting with Crypto Work?

Sports betting with crypto allows you to use digital currencies like Bitcoin and Ethereum instead of traditional banking methods. You can deposit and cash out using these cryptocurrencies just like you would with US dollars.

Simply connect your digital wallet to the betting site to make deposits and withdrawals. This offers the benefit of anonymity since you don’t need to enter your bank details. Using crypto can also speed up transactions and reduce fees compared to traditional banking. 

Why Use Crypto Sportsbooks? The Pros of Bitcoin Betting

Are crypto sportsbooks really worth your time and money? Absolutely! They offer some incredible perks, including:

• Anonymity & Privacy: Crypto is 100% anonymous, which means you almost never have to prove your identity at a Bitcoin betting site. Additionally, most offshore sportsbooks allow you to use a VPN for another layer of privacy. This may help you feel more comfortable if you’re nervous about someone uncovering your betting habits.
• Low Fees: Fiat betting sites typically charge high fees for check and credit card withdrawals, sometimes up to 10% per transaction. These fees can take a big bite out of your winnings. Crypto sportsbooks, on the other hand, charge very low or no fees. You’ll only pay a small fee to your blockchain provider.
• Security & Decentralization: Thanks to the anonymity of crypto, transactions at Bitcoin betting sites are extremely secure. The best sportsbooks also protect your account with multi-factor authentication. In the extremely rare event that an offshore sportsbook is hacked, you won’t have to fear losing your money or personal information.
• Easily Accessible: A big part of offshore sportsbooks’ appeal is that they’re accessible to anyone, no matter where they live. These sportsbooks are licensed overseas, so it doesn’t matter whether sports betting is illegal in your state. Regulated sportsbooks, comparatively, only allow bettors in select jurisdictions.
• Better Bonuses: You’d be lucky to find a welcome bonus of over $100 at retail sportsbooks. Crypto sportsbooks beat retail betting sites hands-down in this department. You can find welcome bonuses that match your first deposit by up to $1,000. Most also offer enticing promotions for regulars, such as daily or weekly cashback on losing bets.

Reasons To Be Careful of Betting With Cryptocurrencies: The Cons of Bitcoin Betting

We won’t pretend that Bitcoin betting sites are 100% perfect. Like all sportsbooks, they do have some drawbacks that you need to be aware of when sports betting with cryptocurrency, including the following:

• Non-Regulated: Crypto betting sites aren’t regulated by any government authority. This is a big plus because it means you can use these sites regardless of where you live, but it’s important to remain cautious and choose your sportsbook wisely. If you have a dispute with an offshore sportsbook, there is no intermediary available to help you.
• No Chargebacks: If a regulated sportsbook tries to do something shady with your money, like charging you without your permission, you can always perform a chargeback. Not so with crypto betting sites. Once you’ve made a Bitcoin transaction, it’s permanent.
• Higher Knowledge Needed: Regulated sportsbooks are extremely easy to use. Just provide your credit card info and play. Offshore sportsbooks require a bit more expertise. You’ll have to know the basics of blockchains, different types of crypto, and how Bitcoin transactions work. To add to the confusion, some cryptos have higher blockchain fees than others.
• Volatility of Cryptos: Your favorite crypto might be worth $10,000 today, but tomorrow, it may only be worth $5,000 or less. That’s why betting at offshore sportsbooks can be somewhat risky. Still, what seems like a drawback can actually be beneficial to you.
• For example, if you win $100 worth of crypto, that crypto could be worth $1,000 a month later. This is why, for many, crypto’s volatility is part of its appeal.

Despite these drawbacks, betting with crypto is perfectly safe as long as you stick to the licensed sportsbooks featured on this page.

How To Bet on Sports Online With Bitcoin and Cryptocurrency

New to Bitcoin sports betting? Follow this easy guide, and you’ll be up and running at a betting site in no time.

Pick a crypto exchange to manage your money. Crypto exchanges are very much like brokerage accounts — you transfer money into the exchange, and then it converts that money into your crypto of choice. Some of the most reputable exchanges include Coinbase, Robinhood Crypto, Gemini, Kraken, and Binance.US.

Buy crypto and add it to your wallet. If you’re using an exchange’s wallet, this part is simple. You don’t have to worry about public and private keys as you would with a non-custodial (“hot”) wallet. As soon as you buy crypto on the exchange, it’s automatically added to your wallet.

Step 1: Pick A Secure Crypto Betting Site From Our List

Now the important part of picking a safe betting site from our recommended list. Check each site’s interface, sports choices, bonuses etc, and pick the site for your sporting requirements.

Step 2: Create A Betting Account

Sign up by entering a few basic details about yourself, and while some sportsbooks might ask for proof of identity, our no KYC crypto betting sites make the process very fast. Just enter your email address, choose a username, and select a strong password.

Step 3: Deposit Funds & Claim Your Bonus

Add funds to your sportsbook account. Go to the sportsbook’s cashier or wallet page, choose “Deposit,” and then select your cryptocurrency. You’ll see a unique ID, which you must enter in your crypto wallet. This ID designates the sportsbook as the recipient of the transfer.

Double-check the transaction for accuracy. Claim the sportsbook welcome bonus. Some sportsbooks automatically apply the bonus once you’ve made the minimum required deposit. At others, you’ll need to enter a promo code.

Step 4: Start Betting On Your Favorite Sports

Start betting on your favorite sports. You can request a payout once you’ve won a few bets and reached the sportsbook’s minimum withdrawal amount.

How To Find a Cryptocurrency Exchange for Crypto Sportsbooks

As mentioned earlier, crypto exchanges are much like brokerages. Because they handle your money, you must choose your exchange carefully. Here’s how to pick the best exchange for you.

Look for an exchange that allows sports betting. If your exchange frowns on sports betting, there’s a chance that it might freeze your funds. Coinbase and Binance.US are known to be friendly to sports bettors.

Choose an exchange with a beginner-friendly interface. If you’re new to Bitcoin, you don’t want an interface cluttered with charts and confusing numbers. The best exchanges allow you to switch between “beginner” and “advanced” modes.

Consider liquidity. If the exchange doesn’t have a large user base, it won’t have enough liquidity to handle high trade volumes.

Verify that the exchange has the cryptos you want. Virtually all of them have popular cryptos such as Bitcoin and Litecoin, but not every exchange will have lesser-known currencies.

Ensure that the exchange is 100% safe and secure. Security is a big deal because the exchange holds on to your money like a bank. If it’s not secure, your money is at risk. The best exchanges are heavily encrypted and have multi-factor authentication enabled.

The following are a few highly rated exchanges:

• Coinbase
• Binance.US
• Robinhood Crypto
• Kraken
• Gemini

How To Store Your Bitcoin & Cryptos in Wallets

You’ll need a wallet before you can start using crypto at Bitcoin sportsbooks. Wallets hold your crypto, and there are three kinds: custodial, non-custodial, and hardware.

Custodial wallets are the easiest to use. When you sign up for an exchange, you get a custodial wallet as part of your account. You can instantly send money from this wallet without worrying about public and private keys.

Non-custodial wallets, also called “hot” wallets, are popular because they keep the crypto in your control. Many hot wallets are free to use. The drawback is that you must remember your seed phrase (essentially a password). Without it, you can’t access the funds in your wallet.

Finally, there are hardware wallets. They allow you to store your keys on a physical device for added security. These gadgets connect to your computer via Wi-Fi, QR code, or USB.

Here’s a quick rundown on how to store crypto in each type of wallet. For custodial wallets:

1. Pick a reputable platform. Look for one with low fees, high liquidity, and a variety of cryptos to choose from.
2. Make an account. You might have to verify your identity, which usually takes about 24 hours.
3. Add funds to your wallet. You can either transfer crypto into the new wallet from another wallet or purchase crypto through the exchange using your bank account.

For non-custodial wallets:

1. Choose a wallet app and download it to your computer or phone.
2. Sign up for an account. You don’t need to provide any personal information, but you must set up your preferred security method. That could be a basic password or something more secure, like facial recognition.
3. Write down your “seed” or recovery phrase. This is a randomly generated 12- to 24-word phrase, and you must enter it to access your funds.
4. Add crypto to your new wallet. You can do this by linking your wallet to an exchange or transferring funds from a different wallet.

For hardware wallets:

1. Purchase a hardware wallet from a retailer (hardware wallets cost about $50 to $250). The top hardware wallet brands are Ledger and Trezor.
2. Connect the wallet to your device. Some connect to your device via Wi-Fi or a USB cable. For others, you’ll need to scan a QR code.
3. Create a PIN if prompted, and then download the wallet software onto your device. Once you’ve done this, write down your seed phrase and keep it somewhere safe.
4. Add crypto to your hardware wallet. You can use your wallet address to migrate crypto from another wallet or exchange.

Tips on Choosing The Best Crypto Sportsbook

To find the best Bitcoin sportsbook, you need to know the important factors to look out for. Here are some tips to help you choose the best one:

• Variety of Betting Markets – A good sportsbook should offer a wide range of betting markets. Look for sites that cover popular sports and niche events to maximize your betting options.
• Competitive Odds – Ensure the sportsbook provides competitive odds to get the best value for your bets. Compare odds across different sites to see which offers the best returns.
• Crypto Bonuses – Check and compare crypto bonuses and terms and conditions to find the best high-value bonuses. These include welcome bonuses, free bets, and ongoing promotions.
• Featured Cryptos – The best sites support a variety of cryptos like Bitcoin, Ethereum, and Litecoin. US players might want to use USD Coin or Tether (USDT), which are tied to the US dollar. You can find this information in the payments section of the sportsbook of your choice.
• Payout Times & Fees – Choose sportsbooks with quick payout times and minimal fees to maximize your winnings.
• Security & Privacy – Go for Bitcoin sportsbooks that use encryption and other security measures to protect your funds and personal information.
• User Experience – Look for intuitive navigation, clear instructions, and responsive customer support to ensure a smooth and enjoyable experience.

Is Online Sports Betting with Crypto Safe?

Crypto online sports betting is highly secure if you play at licensed and regulated sports betting sites. Blockchain technology offers transparency, making transactions easily traceable and adding an extra layer of security. Reputable sportsbooks use advanced encryption, SSL certificates, and two-factor authentication to protect users from fraud and cybercrime.

To ensure safety, always choose a betting site with a solid reputation that has been operating for several years. Additionally, verify that the site holds a legitimate gambling license. This information can be found at the bottom of the site. 

These measures guarantee that the platform adheres to industry standards and provides a secure betting environment. With these precautions, you can enjoy the benefits of crypto betting with peace of mind.

Is Online Betting With Bitcoin & Cryptocurrency Legal in the USA?

It may surprise you to know that online US sports betting was only recently legalized, becoming legal in 2018 when the U.S. Supreme Court struck down the Amateur Sports Protection Act. In doing so, the Supreme Court gave states the authority to decide whether or not to legalize online betting.

You may wonder whether buying crypto is legal in the U.S. Yes, it is. Crypto currently isn’t regulated by any government agency, so you can buy Bitcoin without running afoul of any laws.

Online sports betting Bitcoin is presently legal in 38 states and Washington, D.C. Laws for online sports betting vary widely by state. Some allow you to bet at any online casino, while others restrict you to state- or tribal-run sportsbooks. In a few states, you have to be physically present at a retail sportsbook to place bets online through your phone.

For the most up-to-date news on sports betting, be sure to visit our state-specific betting guides.

How Are Crypto Betting Winnings Taxed?

The IRS requires you to report gambling winnings of $600 or more on your annual taxes. Some states charge taxes on gambling winnings as well. You might think you can avoid paying taxes on winnings, but this isn’t true if you’re playing at regulated sportsbooks. Regulated sportsbooks are also required to report what you’ve won to the IRS.

To avoid taxation, many bettors head to offshore sportsbooks. Unlike regulated sportsbooks, offshore ones don’t have to report your winnings to the IRS. Of course, the IRS still wants you to pay taxes, but it has no way to know how much you’ve won at an offshore sportsbook.

Tax laws get a bit more confusing when it comes to crypto. The IRS treats crypto as property, and you must pay taxes on crypto if:

• You sell the crypto in a transaction, AND
• When you sell, it’s worth more than when you bought it.

Essentially, you only owe taxes on crypto once you sell it. For example, if you bought 1 LTC for $5,000 and sold it later for $10,000, you would owe short-term capital gains tax on the $5,000 profit.

If you’re unsure whether you owe taxes on crypto winnings, consider talking to an accountant or financial advisor.

Popular Sports To Bet On at the Best Bitcoin Betting Sites

You have set up your crypto wallet and are finally ready to start betting on sports. But which sports should you choose? The best Bitcoin betting sites have dozens of them, and choosing your favorites can be quite a challenge. To help you get started, we explore some of the most popular sports to bet on at crypto sportsbooks.

Esports Betting

Esports betting has exploded in popularity in recent years, and since virtually no regulated sportsbooks offer it as an option, you’ll need to head to a Bitcoin betting site to get your fix. At esports crypto betting sites, you can place bets on today’s hottest games, including CS:GO, DOTA 2, League of Legends, Rocket League, Call of Duty, and dozens of others.

Esports tournaments are held every month throughout the year. The following are some of the biggest upcoming tournaments:

• Call of Duty League Championships
• Esports World Cup 2024
• PUBG Mobile World Cup 2024
• Evolution Championship Series
• RuneFest 2024

NFL Football Betting

NFL betting is extremely popular, and at betting sites that accept Bitcoin, you can bet on dozens of teams and markets. Are you a fan of the New York Giants, Dallas Cowboys, or Green Bay Packers? Think your favorite player is going all the way to the Super Bowl? Whatever you want to bet on, you can do it at NFL betting sites.

Prop bets are very hot for NFL betting. A few props you may want to try include the number of touchdowns scored, yards traveled, and the first player or team to score.

Key dates to pay attention to for NFL betting include:

• July 17: Franchise tag deadline
• Mid to late July: Training camps open
• August: Preseason begins
• November 7: Trade deadline
• November 28: Three Thanksgiving Day games
• November 29: Black Friday game between the Kansas City Chiefs and Las Vegas Raiders
• December 21: The season’s first Saturday games
• December 25: Two Christmas Day games: Kansas City Chiefs @ Pittsburgh Steelers, Baltimore Ravens @ Houston Texans
• January 11, 2025: NFL Playoffs begin
• February 9, 2025: Super Bowl LIX

NBA Basketball Betting

At sites that accept crypto, you can place bets on teams such as the New York Knicks, Boston Celtics, and Chicago Bulls. Common prop bets in NBA basketball include three-pointers, steals, and the first player to score.

One of the biggest events you can bet on is the NBA in-season tournament. This tournament splits 30 teams into six groups. Teams then compete in games until the top two reach the NBA Finals.

MLB Baseball Betting

Will your favorite Philadelphia Phillies player hit a home run? Which team is going to make it to the World Series? At Bitcoin betting sites, you can bet on teams like the Chicago Cubs, Kansas City Royals, Boston Red Sox, and many more. Common baseball prop bets include runs scored in the first inning, strikeouts, and home runs made by specific players.

Here are a few major upcoming events that you might be interested in betting on through the best MLB betting sites:

• 2024 MLB Wild-Card Series
• 2024 MLB Divisional Playoffs
• 2024 AL Championship Series
• 2024 NL Championship Series
• 2024 World Series

Soccer Betting

Soccer is one of the most popular sports to bet on at sportsbooks that accept crypto. There are several major soccer leagues to bet on, such as:

• Major League Soccer (MLS): This is the top pro soccer league in the U.S. and Canada. It features teams such as New York City FC and L.A. Galaxy. Of course, Lionel Messi now plays for Inter Miami.
• La Liga: La Liga is Spain’s professional league, and it includes teams such as Barcelona and Real Madrid.
• English Premier League: The English Premier League is widely touted as one of the best soccer leagues worldwide. It includes teams such as Liverpool, Manchester United, Manchester City, and Arsenal.

Upcoming soccer events to bet on include:

• FIFA World Cup Qualifying
• English Carabao Cup
• UEFA European Championship
• U.S. Open Cup

Golf Betting

Golf betting is fairly easy for beginners to pick up because you only have to focus on the actions of a single player, not an entire team. Today’s hottest golf players include Rory McIlroy, Brooks Koepka, Jon Rahm, and Phil Mickelson. Golf prop bets that you may want to try include hole-in-one, playoff, and wire-to-wire winner.

Upcoming PGA golf tournaments include:

• U.S. Open
• Travelers Championship
• John Deere Classic
• Wyndham Championship

Tennis Betting

Tennis is another sport that’s beginner friendly for bettors. Popular contemporary tennis players to bet on include Serena Williams, Venus Williams, Roger Federer, Naomi Osaka, and Rafael Nadal. Common tennis bets include match spread, parlays, and which player will win the first set.

The ATP Tour is one of the biggest tournaments worldwide, and the best tennis betting sites offer plenty of wagering opportunities. Upcoming ATP events include:

• Cinch Championships
• Wimbledon
• Hamburg Open
• Davis Cup Finals
• Rolex Shanghai Masters

Horse Racing

If you can’t make the trip to the racetrack, betting on horses at crypto sportsbooks is the next best thing. Will you bet on a top pick, such as Mybronxbaby, Subtle Giant, or Bad Connection? Or maybe you’re more into betting on the underdogs. Perhaps you’ll get lucky and hit a trifecta, which means your bet could potentially earn you thousands.

The Kentucky Derby is the best-known event offered by the best horse betting sites. Other include:

• Preakness Stakes
• Belmont Stakes
• Breeders’ Cup
• Pegasus World Cup Invitational
• Shoemaker Mile

What Type of Bets Can You Make with Cryptocurrencies?

So, you’d like to give crypto sports betting a go, but you’re unsure where to start. What’s a moneyline, and what about parlays? We’re here to help you with this quick explanation of some common sports betting terms.

• Moneylines: Moneylines are very basic sports bets. All you have to do is bet on which team or player will be the outright winner of the event.
• Spreads: Would you prefer to bet on the underdog or the team that’s most likely to win? If you bet on the underdog to win, it’s called taking the spread. Betting on the likely winner is called laying the spread.
• Parlays: Parlays are handy because they allow you to combine multiple bets into one. This is useful because your bet slip won’t be cluttered with dozens of bets. Parlays must have two or more sides. To win the entire parlay, each side of the parlay has to win.
• Props: Props are bets on individual actions during an event. For example, you can bet on the first team to score a goal or whether a player will hit a home run. Many of the betting sites we reviewed have a prop builder tool to help if you’re unsure which prop bets to place.
• Live Bets: Live bets are those you make while an event is in play. For instance, if you see that a certain player is performing very well, you might choose to place a live bet on them. All our top betting sites have live betting and odds that constantly update in real time.
• Over/Under: The over/under bets are pretty easy to understand. You’re simply betting on whether points, goals, touchdowns, or scores will be over or under a certain number.

Betting Guides: Become a Value Bettor With Our Dedicated Resources

Want to become a savvy sports bettor? Check out our comprehensive betting guides for soccer, baseball, football, and other popular sports. You’ll learn:

• How to choose the best players and teams to bet on
• Sport-specific betting terminology
• The best parlays to make for your favorite sport
• How to make prop bets work for you
• And much more

Responsible Gambling

It’s easy to get swept up in the action and excitement when you’re betting on sports. Sometimes, that means betting a bit more than you intended. To help keep problem gambling in check, follow these responsible gaming tips:

• Set a bankroll for the day and stick to it. Once you’ve gone through your bankroll, don’t add more funds. You should also never borrow money to fund your betting.
• Set time limits for betting, and commit to never going over them, no matter how “lucky” you feel.
• Don’t let sports betting interfere with your job and family life.
• Don’t assume you’ll make money by betting — think of it more as a way to relax and have fun.
• Never bet when you’re feeling upset, lonely, angry, or anxious. It’s also wise to avoid betting if you’ve been drinking or using drugs.
• Take advantage of your sportsbook’s responsible gambling tools. Most let you self-exclude yourself from betting for a few months to a few years.

If you think you might have a gambling problem, ask for help. You can call the National Problem Gambling Helpline at 1-800-GAMBLER to find resources and support groups near you.

Most states have their own responsible gambling resources. Here are a few general resources that are available nationwide:

• Problem Gambling Self-Assessment
• Gamblers Anonymous (offers support groups in all states)
• SAMHSA’s National Helpline

Conclusion on Best Bitcoin Betting Sites in the USA

All the Bitcoin sportsbooks on our list are excellent picks, but our overall favorite is TG.Casino. This platform has dozens of sports betting markets, an expansive casino, and a generous welcome bonus for new users. It’s also accessible through the Telegram app, providing a completely anonymous sports betting experience with seamless cryptocurrency integration.

Sign up for TG.Casino today to claim your 200% welcome offer worth up to 10 ETH.

 

Bitcoin Sports Betting FAQs

Is Crypto Sports Betting Illegal?

Crypto sports betting is not illegal because there are currently no laws against it. So, while it’s not expressly legal to use crypto at offshore sports betting sites, it isn’t against the law, either.

How Much Can You Win Gambling Without Reporting It to the IRS?

You can win up to $600 in sports betting before having to report your winnings to the IRS. Some bettors attempt to avoid taxation by only using offshore sportsbooks, which aren’t required to report winnings to the IRS.

What Sport Is Easiest To Predict?

Basketball, football, and tennis are fairly easy to predict. However, you’ll need to employ a good mix of betting strategies to come out ahead.

Are Sports Betting Sites Rigged?

The vast majority of sports betting sites are not rigged — if they were, they’d quickly go out of business. That said, the odds to win are always in the house’s favor.

What Sportsbooks Take Crypto?

BetOnline, TG.Casino, Everygame, and BetWhale are a few of the best Bitcoin betting sites that accept crypto. These sportsbooks take most major cryptos, including Bitcoin, Bitcoin Cash, Dogecoin, Litecoin, Tether, and Shiba Inu.

Is It Legal To Use a VPN for Sports Betting?

Using a VPN for sports betting is perfectly legal, and nobody in the U.S. has ever been prosecuted for doing so. Many sports bettors use VPNs to access offshore casinos that don’t accept U.S. players.