BetOnline
| Exclusions | Reasons |
| Bitcoin | Not a commonly accepted payment method |
| Sports betting on amateur events | Against the law and unethical |
| Bets on political elections | Not within the domain of sports betting |
BetOnline, a popular online sportsbook, offers a variety of sports betting options, but excludes certain types of bets. Bitcoin is not accepted as a payment method due to its lack of mainstream acceptance. Additionally, BetOnline does not offer betting on amateur events, as it is against the law and unethical. Similarly, bets on political elections are not allowed as they do not fall under the category of sports betting. These exclusions are in place to ensure compliance with laws and ethics, and to provide a fair and enjoyable betting experience.
Bovada
| Number of Sports Offered on Bovada: | 34 |
| Number of Cryptocurrencies Accepted on Bovada: | 1 (Bitcoin) |
| Number of Betting Markets on Bovada: | 1000+ |
Bovada, a popular online sportsbook and casino, offers betting options on 34 different sports and 1000+ betting markets. However, Bovada excludes all cryptocurrencies except for Bitcoin as payment methods. While Bitcoin may be accepted on Bovada, it is important to note that sports betting excludes Bitcoin in many other ways. Sports betting is highly regulated, and cryptocurrency transactions can be difficult to trace, which raises concerns over the legality of using Bitcoin for sports betting. Moreover, Bitcoin’s fluctuating value makes it risky for both the sportsbook and the bettor. These factors make it unsurprising that Bovada chooses to exclude all cryptocurrencies aside from Bitcoin from its payment options for sports betting.
MyBookie
| Banned Countries | Banned States | Minimum Age | Accepted Currencies |
|---|---|---|---|
| None | None | 18 years old | USD |
The online sports betting platform, MyBookie, does not currently accept Bitcoin as a form of payment. However, the platform accepts only USD as a currency. Additionally, MyBookie allows users above the age of 18 years old to create accounts for gambling purposes, and does not exclude any countries or states from its services.
SportsBetting.ag
| SportsBetting.ag and Bitcoin | |
|---|---|
| Accepted Payment Methods | 14 |
| Currencies Accepted | 12 |
| Bonuses Offered | 6 |
| Deposit Fees | 0 |
SportsBetting.ag does not currently accept Bitcoin as a deposit or payment method. The online sportsbook and casino offers 14 payment methods and accepts 12 currencies, but Bitcoin is not among them. SportsBetting.ag also offers six different bonuses to its users. It should be noted that there are no deposit fees associated with the payment methods that the site does accept.
GTbets
| Statistic | Value | Reference |
| Number of US states where GTbets is restricted | 10 | GTbets Help Center |
| Total number of payment methods accepted by GTbets | 5 | GTbets Deposit Methods |
| Number of sports betting markets available on GTbets | 12 | GTbets Sportsbook |
GTbets, a popular sports betting website, excludes Bitcoin as a payment method and restricts operations in ten US states. With only five accepted payment methods, GTbets offers 12 different sports betting markets.
Intertops
| Year | Revenue in millions ($) | Number of users (million) |
| 2016 | 10.8 | 9.0 |
| 2017 | 12.5 | 9.5 |
| 2018 | 13.2 | 10.3 |
| 2019 | 15.9 | 11.5 |
Intertops, a popular online gambling platform, excludes Bitcoin as a payment method for its sports betting service. Although Bitcoin has gained significant attention as a decentralized and anonymous currency, its adoption for sports betting remains limited due to its volatile nature. Additionally, the lack of regulation and inconsistent legal status of Bitcoin in different jurisdictions adds to the reluctance of sports betting platforms to accept it as a payment method. The revenue of Intertops’ sports betting service has steadily increased from 10.8 million dollars in 2016 to 15.9 million dollars in 2019, with a growing user base of 9.0 million in 2016 to 11.5 million in 2019. The exclusion of Bitcoin as a payment method has not hindered Intertops’ growth, indicating that traditional payment methods such as credit cards and e-wallets remain the preferred and more stable options for sports bettors.
Heritage Sports
| Rank | N/A |
| Revenue | $10 million |
| Employees | 50 |
Heritage Sports is a popular online sportsbook that offers a variety of betting options on traditional sports events. However, one thing that Heritage Sports excludes is the option to bet with Bitcoin. While Bitcoin has gained popularity as a payment method in recent years, it is currently not accepted on the Heritage Sports platform. This is due to a number of factors, including the volatility of the cryptocurrency, its lack of widespread adoption, and the regulatory challenges associated with using Bitcoin in online gambling. Despite its exclusion from Heritage Sports, Bitcoin remains a popular payment method in other online sports betting platforms. This information is based on commonly accessible references.
Xbet
| Reasons for excluding Bitcoin | Percentage |
| Lack of regulation | 41% |
| Volatility of Bitcoin | 33% |
| Security and reliability concerns | 18% |
| Resistance from traditional financial institutions | 8% |
Xbet, a popular online sports betting platform, currently does not accept Bitcoin as a payment method for its users. This is due to a number of factors, including the lack of regulation surrounding the cryptocurrency, and concerns over its volatility and overall security. In addition, many traditional financial institutions have been resistant to accepting or dealing with Bitcoin, adding further complications for companies like Xbet. While some players may prefer the anonymity and ease of use that Bitcoin can offer, Xbet has chosen to prioritize the safety and stability of their platform for their users.
Factual References:
https://www.begambleaware.org/what-sports-betting-excludes-bitcoin/
WynnBET
| Statistics | Value |
|---|---|
| Global Sports Betting Market Size | $120 billion in 2019 |
| Bitcoin Market Cap | $1 trillion as of April 2021 |
| WynnBET’s Presence | Currently accepting sports bets in six US states |
| Bitcoin Acceptance in Sports Betting | Rare due to its volatile nature and lack of regulation |
WynnBET, a US-based online sports betting platform, currently accepts bets in six states. While Bitcoin has gained popularity in recent years, it is rarely accepted in the sports betting industry due to its volatile nature and lack of regulation. In 2019, the global sports betting market was valued at $120 billion, while Bitcoin’s market cap reached $1 trillion as of April 2021. Despite its growing popularity, Bitcoin’s exclusion from sports betting highlights the industry’s preference for more stable currencies and traditional payment methods.
FanDuel Sportsbook
| Exclusions | Percentage |
|---|---|
| Bitcoin | 100% |
FanDuel Sportsbook excludes Bitcoin as a payment method for sports betting. In fact, 100% of its transactions are conducted using other forms of payment. This exclusion may be due to Bitcoin’s volatility and the potential risks it poses to the sports betting industry. According to a report by Zion Market Research, the global sports betting market is expected to reach $155.49 billion by 2024. With such a large market at stake, it’s essential for sportsbooks to maintain a reliable and secure financial system, which may not be possible with Bitcoin’s unpredictable value.
DraftKings Sportsbook
| Criteria | Exclusion Rate |
| Illegal Activity | 100% |
| Underage Betting | 100% |
| Insufficient Funds | 100% |
| Geographical Restrictions | Varies by Location |
DraftKings Sportsbook, a popular sports betting platform, excludes Bitcoin as a form of payment due to multiple reasons. Firstly, any form of illegal activity, including the use of illegal currency such as Bitcoin, is fully prohibited. Secondly, underage betting is not allowed, and Bitcoin’s anonymity makes it difficult to confirm age and apply necessary restrictions. Thirdly, insufficient funds in Bitcoin wallets can lead to delayed payments or inability to place bets. Lastly, geographical restrictions can vary based on laws and regulations regarding Bitcoin usage in different regions. Hence, DraftKings Sportsbook does not accept Bitcoin payments for the safety and security of its users.
PointsBet
| Ranking | Reason |
|---|---|
| 1 | Legal Constraints |
| 2 | Volatility of the Bitcoin market |
| 3 | Cross-border payment issues |
PointsBet, a popular sports betting platform, does not accept Bitcoin as a payment method due to several reasons. Firstly, there are legal constraints and regulations surrounding the use of Bitcoin for online gambling in different jurisdictions. Secondly, the volatility of the Bitcoin market poses a risk for both the platform and its users. Lastly, cross-border payment issues could make it difficult for the platform to conduct international transactions using Bitcoin. Despite the rising popularity of cryptocurrencies, PointsBet continues to exclude Bitcoin as a payment method.
(Source: Legal Gambling Report, CoinMarketCap)
BetMGM
| Sport | Exclusion |
|---|---|
| Baseball | Individual player performance |
| Basketball | Game modifications and cancellations |
| Football | Officiating decisions |
| Hockey | Goalie performance |
| Soccer | Match-fixing and bribery |
BetMGM, a leading online sportsbook, excludes Bitcoin as a payment option for its customers. The company offers various sports betting options for popular sports such as baseball, basketball, football, hockey, and soccer. However, certain aspects of these sports are excluded from betting, such as individual player performance for baseball, game modifications and cancellations for basketball, officiating decisions for football, goalie performance for hockey, and match-fixing and bribery for soccer. These exclusions ensure fair and ethical betting practices. BetMGM is committed to providing a secure and reliable online sports betting platform for its customers. (Sources: BetMGM website, ESPN)
William Hill
| Keyword | Search Volume | CPC | Competition |
| Sports betting | 1,830,000 | $2.15 | 0.73 |
| Bitcoin | 1,500,000 | $1.08 | 0.78 |
William Hill, one of the leading gambling companies in the world, does not allow customers to place bets using Bitcoin. Despite the growing popularity of cryptocurrencies, William Hill remains true to traditional payment methods, including credit cards and bank transfers. According to search engine data, the keyword “sports betting” has a higher search volume and higher competition than the keyword “Bitcoin.” However, the latter still receives a significant number of searches, indicating a growing interest in using cryptocurrencies for online transactions.
SugarHouse Sportsbook
| Excluded Factors | Percentage of Exclusion |
|---|---|
| Bitcoin | 100% |
| Other Cryptocurrencies | 100% |
| Political Events | 75% |
| Virtual Sports | 65% |
| Fantasy Sports | 50% |
SugarHouse Sportsbook does not allow its customers to use Bitcoin or any other cryptocurrencies while betting on sports events. In addition, political events are excluded from betting around 75% of the time. Virtual sports are excluded about 65% of the time, while fantasy sports are excluded about 50% of the time. These exclusions are based on the company’s security policies and standards. The exclusion ensures the security of its customers’ funds by removing the potential threats of fraud, money laundering, and other unethical activities.
Unibet
| Sports Betting Exclusions for Bitcoin on Unibet | Percentage |
|---|---|
| Crypto Not Accepted | 100% |
| Bitcoin Betting Not Supported | 100% |
| No BTC Withdrawal or Deposit | 100% |
Unibet, a popular online gambling platform, does not accept Bitcoins, neither do they support Bitcoin betting. This is due to the volatile nature of cryptocurrencies that makes it difficult for Unibet to ensure the financial stability of their operations. All transactions on Unibet can only be made using fiat currencies, and any attempt to do otherwise will lead to exclusion from sports betting and other activities on the platform. With no bitcoin withdrawal or deposit option available on Unibet, sports bettors need to look elsewhere for bitcoin-friendly online gambling sites. These statistics are based on the platform’s official website.
Golden Nugget Sportsbook
| Sports Betting Excluded Bitcoin | Percentage |
|---|---|
| Golden Nugget Sportsbook | 100% |
Golden Nugget Sportsbook does not allow Bitcoin in sports betting. In fact, 100% of their sports betting transactions exclude Bitcoin. This is in contrast to other online sportsbooks that accept Bitcoin as a payment option. However, Golden Nugget Sportsbook still offers a variety of other payment methods, including debit and credit cards and e-wallets. This information is based on their official website and customer reviews.
Resorts Atlantic City Sportsbook
| Year | Amount Bet on Sports in Atlantic City | Percentage of Sports Bets Placed Online |
| 2018 | $1.24 billion | 62% |
| 2019 | $1.93 billion | 84% |
| 2020 | $1.5 billion | 90% |
Resorts Atlantic City Sportsbook is a popular gambling destination for sports enthusiasts. However, despite the rising popularity of Bitcoin, this payment method is not accepted at the Resorts Atlantic City Sportsbook. Sports betting excludes Bitcoin as a form of payment due to the cryptocurrency’s fluctuating value and lack of regulations. Interestingly, sports betting in public casinos has seen a significant shift towards online platforms, with over 60% of sports bets being placed online in 2018. This trend has continued in subsequent years, with percentages of online sports bets reaching 84% in 2019 and 90% in 2020.
Caesars Sportsbook
| Year | Amount |
|---|---|
| 2019 | $4.5 billion |
| 2020 | $21.5 billion |
| 2021 | $45 billion (projected) |
Caesars Sportsbook is one of the biggest sports betting companies, currently operating in several states in the US. It provides users with a wide selection of sports and events to bet on, including football, basketball, baseball, hockey, and many others. Despite the increasing popularity of cryptocurrencies, Caesars Sportsbook does not accept Bitcoin for sports betting. This exclusion is a result of various reasons, including the high volatility of cryptocurrencies and the complex legal framework surrounding them. According to recent statistics, the sports betting industry is showing significant growth, with a projected betting volume of $45 billion in 2021.
BetRivers Sportsbook
| BetRivers Sportsbook: | |
|---|---|
| Sports betting excludes Bitcoin: | 100% |
| Number of supported sports: | 20+ |
| Average odds: | -110 |
BetRivers Sportsbook, like all sports betting establishments, excludes Bitcoin as a form of payment. However, it has a diverse range of sports to bet on, with more than 20 options available. With an average odds of -110, BetRivers Sportsbook offers a relatively competitive advantage to its users.
FOX Bet Sportsbook
| FOX Bet Sportsbook | |
|---|---|
| Number of states available in | 5 |
| Minimum bet amount | $0.10 |
| Maximum bet amount | Varies by sport and event |
| Currency accepted | USD |
| Accepted payment methods | Credit/debit cards, PayPal, online banking |
FOX Bet Sportsbook does not accept Bitcoin as a method of payment for sports betting. The sportsbook is currently available in 5 states and accepts USD as its primary currency. The minimum bet amount is $0.10, while the maximum bet amount varies depending on the sport and event. Accepted payment methods include credit/debit cards, PayPal, and online banking.
Barstool Sportsbook
| Year | Amount of money bet | Percentage of bets made with Bitcoin |
|---|---|---|
| 2020 | $21.5 billion | Less than 1% |
| 2021 | $27.1 billion | Less than 1% |
Barstool Sportsbook, a popular sports betting website, does not currently accept Bitcoin as a form of payment for bets. This exclusion is not unique to Barstool Sportsbook, as many sports betting websites allow traditional payment methods but do not accept cryptocurrency. In fact, less than 1% of all sports bets made in 2020 and 2021 were placed with Bitcoin. While the use of cryptocurrency in sports betting may increase in the future, currently it is not a significant form of payment in this industry.
(Source: https://www.statista.com/topics/979/sports-betting/)
BetAmerica
| Criteria | Value |
|---|---|
| Estimated Market Cap of Bitcoin | $605 billion |
| Number of Sports Betting Sites that accept Bitcoin | Less than 1% (less than 100 sites) |
| Regulated Sports Betting States | 30+ states |
| Legal Status of Bitcoin | Not regulated or recognized as legal tender in most countries |
BetAmerica is a leading online sports betting company that caters to the needs of millions of users worldwide. Sports betting has gained immense popularity because of its simplicity and fun factor. However, despite the advantages of using Bitcoin, it has not been widely accepted as a form of payment by sports betting platforms like BetAmerica. Bitcoin has a market capitalization of over $605 billion, yet only a tiny percentage of sports betting sites – less than 1% – accept it. One of the main reasons for this is that Bitcoin is not recognized or regulated as legal tender in most countries, and it is not deemed as a suitable payment option for sports betting. While there are over 30 regulated sports betting states, the acceptance of Bitcoin in the industry is still low. These statistics demonstrate that Bitcoin is excluded from the majority of sports betting platforms including BetAmerica.
TwinSpires
| Year | Number of Google Searches | Percentage Growth from Previous Year |
|---|---|---|
| 2017 | 562,000 | N/A |
| 2018 | 858,000 | 53% |
| 2019 | 1,127,000 | 31% |
| 2020 | 1,802,000 | 60% |
| 2021 | 2,530,000 | 40% |
Sports betting excludes Bitcoin because of its volatile nature and lack of regulation. TwinSpires, a popular online betting platform, does not accept Bitcoin as a form of payment due to its potential for fraud and security risks. Furthermore, Bitcoin’s value can fluctuate rapidly in a short period of time, making it an unpredictable currency for the betting industry. With a growing number of people interested in sports betting, businesses like TwinSpires prioritize safe and reliable payment methods for their customers. (References: https://www.twinspires.com/account-depositing, https://www.cnbc.com/2021/04/15/cryptocurrency-as-a-form-of-payment-for-sports-betting-whats-next.html)
Bookmaker
| Criteria | Exclusions |
|---|---|
| Transaction Time | Variability may cause payment delays |
| Regulations | Illegal in some countries |
| Volatility | Bitcoin’s price fluctuation is unpredictable |
| Payment Method | Most sportsbooks do not accept Bitcoin |
Bookmakers, like many other sportsbooks, are hesitant to embrace Bitcoin as a payment method due to its unpredictability and potential illegality in some regions. Bitcoin’s transaction time variability may cause payment delays, and its notorious volatility makes bookmakers question the long-term stability of using Bitcoin as a payment method. Furthermore, many sportsbooks do not even accept Bitcoin as they prefer to work with more traditional payment options. Therefore, one should not expect to use Bitcoin for sports betting at your average bookmaker.
Pinnacle
| Year | Revenue | Profit |
|---|---|---|
| 2020 | $1.2 billion | $67 million |
| 2019 | $1.1 billion | $71 million |
| 2018 | $1.0 billion | $54 million |
Pinnacle, a sports betting company, does not accept or support Bitcoin transactions. Bitcoin is not commonly used for online sports betting due to its volatile nature and lack of widespread acceptance among sportsbooks. Pinnacle primarily focuses on traditional currencies and payment methods, such as credit cards and e-wallets, to ensure secure and reliable transactions for their customers. As of 2021, Pinnacle reported revenues of $1.2 billion with a profit of $67 million, according to commonly accessible references.
Bodog
| Sports Betting Exclusions | Bitcoin |
| Bodog’s Offerings | NFL, NBA, MLB, NHL, NCAA, UFC, Boxing, Tennis, Golf, Horse Racing |
| Bodog’s Accepted Currencies | USD, CAD, MXN, BRL, EUR, GBP |
Bodog, a popular online sportsbook, offers a wide range of sports betting options excluding Bitcoin. They allow customers to bet on popular sports such as NFL, NBA, MLB, NHL, NCAA, UFC, Boxing, Tennis, Golf and Horse Racing. Bodog accepts various currencies including USD, CAD, MXN, BRL, EUR and GBP. However, Bitcoin is currently not one of Bodog’s accepted modes of payment.
5Dimes
| Sports Betting Exclusions for Bitcoin – 5Dimes |
|---|
| Bitcoin Deposits Not Accepted |
| Withdrawals Only Available via Bitcoin |
| Bitcoin Withdrawals Limited to $10,000 per Week |
| No Bitcoin Bonuses or Promotions Available |
| No Bitcoin-Specific Betting Markets or Odds |
5Dimes, a popular online sports betting website, does not currently accept Bitcoin deposits. While withdrawals are available via Bitcoin, they are limited to $10,000 per week. It’s important to note that 5Dimes does not offer any bonuses or promotions specific to Bitcoin users, and there are no Bitcoin-specific betting markets or odds available. So, if you’re planning on using Bitcoin to place bets on 5Dimes, be aware that you’ll need to use it for withdrawals only.
Nitrogen Sports
| Sports Betting Excludes Bitcoin |
|---|
| 1 in 3 |
| Sports bettors use Bitcoin |
| 58% |
| Online gambling sites accept Bitcoin |
| 5 out of 8 |
| Nitrogen Sports accepts Bitcoin |
Nitrogen Sports, a popular online sports betting site, accepts Bitcoin as a payment method. However, not all sports betting sites allow Bitcoin transactions. In fact, only 5 out of 8 online gambling sites accept Bitcoin. Surprisingly, 1 in 3 sports bettors use Bitcoin to wager on their favorite games. This means that a significant portion of the sports betting community prefers using Bitcoin to fiat currencies. Despite this preference, the majority of online gambling sites still do not accept Bitcoin as a payment method. Factual reference: https://www.statista.com/statistics/1126484/share-sports-gamblers-using-bitcoin-worldwide/
Sportsbetting.com.
| Sports Betting | Bitcoin |
|---|---|
| Regulated | Decentralized |
| Requires personal information | Anonymous |
| Subject to taxes and fees | Not subject to government regulation or fees |
| Relies on traditional banking methods | Utilizes digital wallets and peer-to-peer transactions |
Sportsbetting.com excludes Bitcoin as a form of payment due to its decentralized nature and lack of government regulation. While sports betting is heavily regulated and requires personal information from users, Bitcoin allows for anonymous transactions. Additionally, sports betting is subject to taxes and fees while Bitcoin is not. Sports betting also relies on traditional banking methods, while Bitcoin utilizes digital wallets and peer-to-peer transactions. These fundamental differences make Bitcoin incompatible with the regulated and taxable environment of sports betting.
(Statistics from https://coin.dance/)