Published On: Sat, Oct 5th, 2019

What does regulated gambling in the USA mean for offshore bookmakers like Bovada, Betonline and 5Dimes

For many years if American residents wanted to place bets on sporting events, they had to use offshore bookmakers. Federal laws had been passed that banned online gambling. 

There had been laws passed against online gambling and some offshore bookmakers decided not to accept US customers anymore. However, others were not put off by the law and continued to let US residents join their sites.

Then came the long campaign by the state of New Jersey to legalize sports betting. They believed, as did others, that in 1992 Congress had exceeded their authority when acting against online gambling. 

Finally, in 2018, the US Supreme Court ruled that it would be the responsibility of individual states to decide whether or not gambling would be made legal.  As a result of that ruling many states have now passed laws allowing gambling. They are also looking forward to the tax revenues they will receive.

Now that the laws have changed on the mainland, how will this affect the offshore bookmakers? As more states begin to join the sports betting revolution, is this going to cost the offshore bookmakers customers? If so, what will they do to fight back and hopefully keep their clientele.

Companies such as Bovada, Betonline and 5Dimes have been around for a fair while now and that experience is extremely important. The newcomers to the online gambling market will have something to prove. Gamblers who have been using the offshore bookmakers for some time and been satisfied with their services are likely to stay loyal. They all offer a range of mobile apps, with the bovada mobile app proving one of the most popular.

5Dimes are based in Puerto Rico and have been in business since 1996. They have built up a tremendous amount of goodwill over that time. Despite their name, the welcome offer they give to new customers isn’t that low. It actually sees new customers receiving as much as $500. They offer everything from sports betting to poker, bingo and E-Sports. The company will be confident it won’t be affected a great deal by the new USA gambling laws.

Betonline have an even larger welcome offer with new customers receiving a 50% first deposit bonus up to $1,000. If there is to be a battle between the offshore bookmakers and the new ones now opening online, then it could well be the customers who benefit from the welcome offers and promotions being offered. It’s always a good idea to check out all the term and conditions though, particularly wagering requirements.

Bovada also concentrate on giving their customers the kind of service that will hopefully keep their custom. High welcome offers, a steady stream of promotions, quick cash withdrawals and plenty of events to place bets on with competitive odds.

As the gambling scene changes in the USA, the industry is going to go through an interesting phase. The battle for customers is going to be an ongoing one and is going to be fascinating to watch.

 

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