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Online Sports Betting Industry

The online sports betting industry is currently considered to be one of the fastest growing industries at the moment. However one of the main problems is that a number of important sports betting website have stopped offering their services to US bettors and at the same time there is also a problem making a deposit, since a good number of payment methods that used to work in the past for US bettors are no longer available.

All the problems started back in 2006 when the UIGEA legislation was passed and the main purpose of this law was to prevent the payment processors to complete payments towards online gambling related websites. Before this there were many online payment methods available in the US, but a good part of them have simply stopped accepting members from United States, just like it happened to Neteller and Moneybookers, which is now known as Skrill.

While some of the best payment methods available have stopped offering their services to US bettors, a good number of new ones were launched and started to help US sports bettors deposit and cash out their money out of the online sports betting website that still offered their services to US citizens.

The vast majority of bettors that are located in the US are using a 3rd party online payment processor. This way they are able to avoid the bans which are imposed to the credit cards and bank accounts.

One of the very first things that you should try to use the moment you are planning to make a deposit at an online sportsbook or online casino like 12bet casino is your credit card. Even if there are some good chances of having the transaction refused, the credit card still remain one of the best alternative for online payments. There are some online sportsbooks out there that accept US bettors and at the same time they are also offering credit card deposits. In case you would like to make sure that you have one of the highest rates of success with your credit card deposits, you should make sure that you are using the Visa, since it tends to be along with the fact that it's the most popular, one of the best alternatives at the moment.

There are a good number of online sports betting websites out there that are relying mainly on money transfers in order to receive the money from the bettors. There are still a good number of online sports betting websites out there that will offer you the chance to make a deposit via Western Union and MoneyGram. Both these payment methods are not always listed on the websites and are kept as a last resort in case everything else has failed.

You can also use prepaid card in order to make deposits to your favorite online sportsbook. The reason why this payment method is so popular is because it's simple, safe and easy to use. And at the same time it also manages to offer you one of the cheapest and fastest ways to deposit money. There is a multitude of prepaid cards available out there.

Back in the past the online sports betting industry in the United States used to be mainly sustained by the ewallets, but a very large number of them have stopped offering services to US players and this way they have left space in the online gambling payment industry for other companies to take their places.


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