Legal Sports Betting in Pennsylvania
Legal sports betting in Pennsylvania dates back to 2017 when the state passed legislation to allow sports betting. In 2018, the U.S. Supreme Court overturned the federal ban on sports betting, paving the way for Pennsylvania and other states to legalize it.
The first legal sportsbooks in Pennsylvania opened in November 2018, allowing residents and visitors to place bets on various sports events. Initially, sports betting was limited to in-person wagering at licensed casinos and racetracks. However, in May 2019, online and mobile sports betting was launched, expanding the accessibility and convenience of sports wagering.
Since then, numerous licensed sportsbooks and online/mobile platforms have emerged, providing a wide range of betting options for Pennsylvania residents. Philadelphia is home to several renowned sportsbooks, including retail locations at casinos and user-friendly mobile apps. By adhering to the legal guidelines and age restrictions (21+), sports enthusiasts can enjoy the excitement of betting on their favorite teams while ensuring a safe and responsible gambling environment.
Licensed Sportsbooks for Philadelphia 76ers Betting
Since sports betting became legal in Pennsylvania, sportsbooks have applied for licenses to operate in the Keystone State. The Pennsylvania Gaming and Control Board put together some guidelines to provide a safe betting environment for bettors.
After thorough vetting, 13 sportsbooks have been granted licenses to operate in the state. All of these sportsbooks have unique offerings and cash bonuses for bettors.
Below is a list of the licensed sportsbooks and active promotions.
- DraftKings – Deposit Bonus up to $1,000
- FanDuel – No Sweat Bet up to $1,000
- Caesars – GO FULL CAESAR with up to $1,250 in bonus bets. (Promo code: CZRFULL)
- PointsBet – 5 Second chance bets up to $500 ($100 each day for five days)
- BetMGM – First Bet Offer up to $1,000
- Betway – First Bet up to $250
- BetRivers – 2nd Chance Bet up to $500. (Promo Code: SPORTS)
- FOX Bet
- BetFred Sports
- TwinSpires (only horse racing available)
With this many options, there is no point in exploring offshore sportsbooks for your 76ers bet. Not only is it illegal, but you also are not guaranteed a safe betting environment.
Factors to Consider when Choosing a Sportsbook
Knowing what wager would give you the best chance of winning is great, but you also need to do some research and analysis when it comes to choosing your sportsbook.
You want the best option in the market, that is safe, secure, and provides the most value. Here are a few factors we believe are most important when choosing where to place your 76ers wager.
- Reputation and reliability: Opt for a sportsbook with a good reputation and a track record of reliability. Look for established brands with positive customer feedback and a history of secure and fair betting practices.
- Licensing and regulation: Perhaps the most important thing in choosing a sportsbook is to make sure they are licensed to operate in your region. This ensures that the operator follows strict guidelines and provides a safe and secure betting environment.
- Range of betting markets: Consider the variety of betting markets offered by the sportsbook. Having an extensive selection of betting options would help you make a pick you are most comfortable with and has a greater chance of winning your 76ers wager.
- Competitive odds and lines: Compare the odds and lines across different sportsbooks to find competitive prices. Even slight variations in odds can significantly impact your long-term profitability.
- User interface: A user-friendly interface is crucial for convenient and seamless betting. Look for sportsbooks with intuitive platforms that make betting as easy as possible.
- Mobile compatibility: Make sure the sportsbook you choose enables mobile betting. That way, you can bet at your convenience anytime.
- Payment options and security: Check the available payment methods and ensure they are secure and reliable. Look for sportsbooks that offer a variety of deposit and withdrawal options with fast and secure transactions.
- Bonuses and promotions: Consider the bonuses and promotions offered by the sportsbook. Offers might include welcome bonuses, free bets, loyalty programs, and other promotions, all of which can enhance your betting experience and provide additional value. Also look out for bonuses exclusive for 76ers betting.
- Customer support: Reliable customer support is important in case you encounter any issues or have questions. Ensure the sportsbook provides responsive customer support through multiple channels, such as live chat, email, or phone.
- Responsible gambling features: Choose a sportsbook that prioritizes responsible gambling and offers tools to help you manage your betting activities. This may include deposit limits, self-exclusion options, and resources for responsible gambling support.
By considering these factors, you can select a sportsbook that aligns with your preferences, offers a secure betting environment, and provides a wide range of betting options to suit your needs.
NBA Betting Terms
To successfully wager on the 76ers, you need to familiarize yourself with basketball betting terms. Although understanding the game is great, you will not get any value for your knowledge if you do not know what each betting market represents.
We have curated some of the most popular betting terms in basketball, which cover most of the netting markets available on sportsbooks. Take some time to understand them before placing your 76ers bet.
|Point Spread||The purpose of a point spread is to put both teams on a level playing field before tip-off. The favorites are handicapped by a spread set by the sportsbooks while the underdogs are given a head start.|
|Moneyline||The moneyline is a straightforward bet on which team will win the game outright. Each team is assigned odds that determine the potential payout. Negative value odds indicate the favorites while positive value odds show the underdogs.|
|Over/Under (Total)||This bet focuses on the combined score of both teams in a game. You bet whether the total score will be over or under the specified number set by the sportsbook.|
|Parlay||A parlay is a single bet that combines multiple wagers into one. To win a parlay, all individual bets included in the parlay must settle as a win. The payout increases with each added selection, however, it is worth noting that the risk is higher.|
|Teaser||A teaser is similar to a parlay, but it allows you to adjust the point spread or total in your favor for reduced odds. It gives you more flexibility and a better chance of winning, but the potential payout is lower.|
|Prop Bet||Here, your selections will be focused on specific events or player performances within a game. Examples include betting on the number of points Joel Embiid will score or whether the 76ers will hit a certain number of three-pointers.|
|Futures||Futures bets are long-term wagers placed on events that will occur in the future, such as predicting the NBA champion before the season starts or the Most Valuable Player (MVP) at the end of the season.|
|Live Betting||Live betting allows you to place bets on games that are already in progress. Odds and betting options are continuously updated based on the current score and game situation.|
Frequently Asked Questions
What are the taxation rules for sports betting winnings in Pennsylvania?
Sports betting winnings in Pennsylvania are subject to federal and state taxes. The state tax rate for sports betting winnings is currently set at 24%.
Are there any useful tips for betting on the Philadelphia 76ers?
Certainly. Knowing your team and their opponents is arguably the most useful tip you can get. When betting on the 76ers, you must consider factors such as team form, injuries, head-to-head records, home-court advantage, player matchups, coaching strategies, and overall team performance.
What responsible gambling measures are available in Pennsylvania?
Pennsylvania sportsbooks offer responsible gambling measures such as deposit limits, self-exclusion options, and resources for problem gambling assistance. It is important to gamble responsibly and seek help if needed.
Is live betting possible for 76ers bets?
Yes. You can place your 76ers wager during a live game with any of the sportsbooks that support live betting.
How do I withdraw my 76ers bet winnings?
If your Philadelphia 76ers bet is successful, withdrawing your winnings is fairly easy. Each sportsbook has its withdrawal process, usually involving selecting a preferred withdrawal method (e.g., bank transfer, e-wallet) and entering the desired withdrawal amount. Note that it might take some time for the request to be processed, depending on the withdrawal method of choice.