Legal California Olympic Betting
You don’t actually have to go to Las Vegas or any other state-run sportsbook to enjoy legal California Olympic betting – all you need to do is join a reputable online sportsbook or two, browse their boards, and wager on whatever you want.
The Olympics are held every four years, well two if you consider the alternating seasons. Betting on these events is not only a representation of your country’s pride but also a way to earn some extra money in support of your team. These online California sportsbooks provide more betting lines and options than you could ever imagine or envision in a local lounge and even have more promotions as well.
This is possible because, despite various state and federal anti-gambling laws, there is no prohibition on CA residents betting on the Olympics at offshore sportsbooks outside of US jurisdiction. Some politicians classify this as a “sports betting loophole,” but it’s not; it’s an explicit allowance in every section of the pertinent legislation.
Best Sites For Legal California Olympic Betting
California residents have plenty of different online betting sites to choose from, however, there are only a handful of quality ones to choose from. Some quality California online sportsbooks include the likings of Bovada, MyBookie, and BetOnline. Each of them has reliable customer service, great odds, and great promotions to choose from. When it comes time for the 2024 Paris Olympics, they will have odds on every sport that you could possibly think of in the Olympics. Check out some of the reviews that are listed below of some of the sites that are the best out of them all. Keeping an account would be the idea and makes it easier for all players who like to cash out big on sports!
Bovada - Legal California Olympic Betting
At Bovada, customers have been enjoying a world-class sports betting experience for the better part of a decade. With the industry’s best interface and most competitive lines, legal California Olympic betting at Bovada is a can’t-miss proposition among a slew of can’t-miss propositions. Bovada has famously never missed a single Olympics payout, and new members can even boost their earning potential with the site’s $250 Sports Welcome Bonus.
BetOnline - Trusted Olympic Wagering
BetOnline is one of CA’s most popular Internet gambling destinations. They do just what their name says they do – help you bet online. With years of experience in the industry and betting lines on sports from Olympic to non-Olympic sports, you will always be able to determine what is best for you. LA is hosting the 2028 Summer Olympics and they will even allow you to wager within your state.
Take advantage of their welcoming bonus as BetOnline offers a 50% match on your first deposit. Just use the code BOL1000 to get started, but make sure you use it for your first deposit – It can only be used once. Check out their various other promotions as well if you have already created an account or are interested in more information.
|Best California Sports Betting Sites - 100% Trusted + Safe|
|50% Up To $250||VISA + Wire Transfer|
|50% Up To $1,000||VISA, Bitcoin, Cash Wire|
|50% New Member Bonus!||VISA, Bitcoin|
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Legal California Olympic Betting FAQs
Can I Be Arrested For Betting On The Olympics In California?
Nobody has ever gone to jail for using an Internet-based sportsbook for placing Olympics bets. Therefore, it is pretty much impossible to be arrested for betting on the Olympics in California. As long as you stick to reputable Internet betting shops, it’s 100% legal to wager as much as you want on the PyeongChang 2018 Winter Games.
How Old Do I Have To Be For Legal California Olympic Betting?
There is no state statute that decrees how old you have to be for legal California Olympic betting. That said, to gamble in the state’s many tribal casinos, residents usually have to be 21. Thus, many folks use this threshold for online sports betting. However, since Bovada et al. only require their members to be 18 to sign up, that is the de facto legal age to put money on the Olympics.
How Do I Deposit Into My Legal California Olympic Betting Sportsbook?
Though financial options and limits vary from betting shop to betting shop, the basic deposit methods remain the same (or similar) across the board. Mostly, you will want to deposit into your legal California Olympic betting sportsbook of choice via credit or debit card, as wire transfers and personal checks can take up to two weeks to clear. Using a cryptocurrency like Bitcoin is also a good idea if you’re after quick Olympic betting deposits.
How Do I Withdraw My Legal California Olympic Betting Payouts?
Most sportsbooks offer a number of ways to withdraw your legal California Olympic betting payouts, and they all vary in their speed and scope. The method with the highest limit, for example, is the bank wire, though this takes up to two weeks to clear. On the other hand, you’ll get a smaller maximum limit with Bitcoin and the like, but these only take a couple of minutes to go through. The only question is how fast you need your money.
Do I Have To Pay Taxes On My Legal California Olympic Betting Winnings?
While you don’t have to pay taxes on your legal Olympic betting winnings at California sports betting sites, it’s probably a good idea to do so if you actually want to keep those winnings. Uncle Sam is getting his cut one way or another, and you can minimize that cut by using the following IRS documents to record your Olympic betting payouts.