Complete PointsBet Sportsbook Review

PointsBet sold its US operations to Fanatics in 2023. The review is for historical purposes. Its information is no longer relevant.

This PointsBet Sportsbook review focuses on how relatively new and unique in the United States sports betting market their service is. The sportsbook originated in Australia in 2017, introducing its unique concept of points betting throughout the nation.

PointsBet Sportsbook started in New Jersey, and it was the ninth book to launch in the state. The site went live on January 19, 2019, and it has since expanded to five additional states. It’s known for having some of the fastest bets and withdrawal speeds in the industry, which all bettors desire.

PointsBet was elevated to a new level in the United States when the book partnered with NBCUniversal. This deal caused NBC Sports to be the official sports betting partner for the sportsbook.

The partnership was formed on August 27, 2020, and integrated PointsBet odds into NBC Sports broadcasts. The deal gave PointsBet Sportsbook clout in the growing American betting industry.

PointsBet Sportsbook is not legal in many states like many other platforms in the legal betting industry. This will change in the future, but PointsBet has dominated the massive markets throughout the nation.

PointsBet is legal in six states, including New Jersey, Iowa, Indiana, Illinois, Colorado, and Michigan. Some sportsbooks attempt to go live in as many states as possible. This is one way to generate a lot of revenue.

Although, the markets where PointsBet Sportsbook is available are some of the largest in the United States. PointsBet secured its footprint in New Jersey from the beginning.

New Jersey is the most critical state to operate in as a provider. The state recently surpassed Nevada for the largest market in the United States. These two are always at the top of the handle list every month.

PointsBet is not available in Nevada. Nevertheless, this market is highly diluted because sports betting has been occurring in the state for years. Nevada was grandfathered into PASPA, so sports betting never stopped in the state.

PointsBet Sportsbook secured market access in New Jersey when the state was just starting in sports wagering. Accessing the NJ market was a significant win for the sportsbook, and the company has since expanded to other large jurisdictions.

Colorado sports betting has only been live since May of 2020. This state is frequently in the top five for betting handles. Also, the sportsbook is starting to grow its presence in the middle of the country.

Iowa, Indiana, Illinois, and Michigan have posted substantial numbers recently, and PointsBet is a reason for this success.

Features that Set Sportsbook Apart

PointsBet is a platform that experienced bettors will enjoy. It’s not recommended for someone just getting into sports betting because it provides a traditional user experience. Some sportsbooks are trying to appeal to inexperienced bettors, but PointsBet is not one of those sites.

The best part about PointsBet is the number of betting markets on the sportsbook. Additionally, PointsBet Sportsbook has many prop wagers that bettors can make for an array of events.

Bettors heavily seek out prop bets throughout the nation. Props can be challenging to win, but they are fun to wager. Props involve betting on smaller parts of contests or individual performances.

They are a nice change of pace from traditional wagers like the moneyline, point spread, and totals. Since PointsBet originated in Australia, the site has a nice mix of international and American sports markets.

The selection of sports is one of the best in the industry. You can wager basketball, hockey, baseball, soccer, tennis, football, MMA, golf, boxing, Aussie Rules, Rugby Union, cricket, cycling, darts, and motorsports.

A site with a large selection of wagers can be tough to utilize, but this is not the case for PointsBet. The sportsbook has a clean feel, and it’s effortless to navigate.

Bonuses/Promotions on PointsBet Sportsbook

PoinstBet has you covered when it comes to bonuses and promotions. The bonus bet aimed at new depositors who have just created a PointsBet Sportsbook account is virtually unbeatable within the US sports betting market.

If you are a new bettor at PointsBet, you can receive up to $2000 in bonus bets. The first $500 applies to your first wager on a fixed-odds bet. The final $1,500 applies to your first points bet wager. This is a more significant total because points betting can be very risky, but it’s a staple of the sportsbook.

PointsBet Sportsbook has a top-tier welcome bonus in the legal sports betting industry. As soon as you join the sportsbook, you will begin accumulating rewards for your wagers. The more you bet, the more points you earn in the system.

Points in the rewards system can be redeemed for bonus bets. Not all legal sites have a rewards program, so this is a nice feature of PointsBet. The sportsbook also has a variety of bonuses that change throughout the year.

During MLB and NBA seasons, the site offered single-game parlay insurance for these leagues. If you place a four-leg parlay on the NBA or MLB, you will receive up to $25 back if one leg fails.

What’s more, PointsBet boosts single bets throughout the year. If there is a big game in any league, PointsBet will entice you to bet by offering a promotion. These promotions can range from a points spread being altered to objectively favor bettors, to boosted moneyline odds, and so much more.

Banking Options at PointsBet Sportsbook

PointsBet has improved its banking options since it entered the United States sports betting market in 2019. When PointsBet first launched, it only offered a few banking methods.

The banking options have grown with the sportsbook. There are six ways to deposit on PointsBet Sportsbook. PayPal headlines the group of methods because of its accessibility throughout the United States.

PointsBet recommends that you utilize online banking to make deposits because it’s fast and efficient on the sportsbook. If online banking or PayPal is not suitable, you can use PayNearMe, eCheck through ACH, or a credit/debit card.

The credit card options are limited on PointsBet. This is an area where the book struggled compared to other large sites in the United States. You can deposit with a Visa or MasterCard, but Discover and American Express are not compatible with the site.

There are fewer withdrawal methods than deposit options on PointsBet. This is the case with all legal sportsbooks. The three available options throughout all six states are PayPal, eCheck through ACH, and online banking.

If you deposit with PayPal, you must withdraw with the technology. This is one issue of using PayPal because the platform takes fees for transactions. Online banking is slower, but you will not lose money.

Types of Bets at PointsBet

PointsBet offers points betting, which is a more exciting way to wager on sports. All sportsbooks have the same type of common bets like the moneyline, point spread, and totals. However, PointsBet Sportsbook takes it one step further for bettors who like to take a risk.

With points betting, your win or loss is judge by how correct you are on the outcome of a given concept. Points betting applies to most markets, but it’s easy to explain with total bets.

In an NBA game, the over/under is set at 220 points. You want to place an over wager by points betting. You decide to risk $10 on the over bet.

There are no odds associated with points betting. If you bet the over with a $10 stake, the only thing that matters is the final score for your payout. If 230 points were scored, you would win 10 points x $10, resulting in a $100 payout.

However, if the game went under by 10 points, you would owe PointsBet $100. You can set bet caps, so you are prepared only to win or lose a certain amount of money. Points betting is exciting, but bets have the chance to put a gaping hole in your pocket.

FAQ

Is PointsBet legal?

Yes, PointsBet Sportsbook is legal in six states throughout America. The states that offer PointsBet are New Jersey, Iowa, Indiana, Illinois, Colorado, and Michigan.

What’s the legal age to play on PointsBet?

The legal age varies by state, but the typical gambling age is 21.

Is PointsBet safe?

Yes, PointsBet is very safe. The sportsbook is protected, and it undergoes frequent security tests. You should have no fear of placing a wager on the site.

Do I have to gamble through points betting on the sportsbook?

No, you can place a variety of wagers on the sportsbook outside of points betting. Many bettors do not utilize the points betting feature of the sportsbook.

What credit cards are accepted on PointsBet?

MasterCard and Visa are accepted on PointsBet Sportsbook. Discover, and American Express do not work on the site.

Is PayPal available on PointsBet?

Yes, PayPal is accessible for PointsBet users.

Can I use PointsBet if I am not in a legal state?

No, you can only view the sportsbook outside of the six legal states. If you want to wager on PointsBet, you must be located in New Jersey, Iowa, Indiana, Illinois, Colorado, and Michigan.

Where did PointsBet first launch?

PointsBet Sportsbook originated and Australia and first launched in New Jersey in 2019.