What Is Retail Sports Betting? Retail Sports Betting Guide 2024

Have you ever wondered how to make your sports betting experience more exciting and rewarding? 

Maybe gambling on sports piques your interest, but the online world seems daunting. Well, retail sports betting might just be for you.  This classic way to wager on your favorite games, can enhance your enjoyment of gambling and improve your chances of success.

Get ready, you’ll know what retail is in sports betting, and how you can make the most of this thrilling pastime.

🔑 Key Takeaways

  • Learn how retail sportsbooks can enhance your betting strategy with their social environment and immersive features.
  • Read on to find out whether the electrifying energy of a retail sportsbook or the seamless ease of online betting is your perfect match.

Definition of Retail Sports Betting

Retail sports betting requires you to visit a physical location like a land-based casino to place bets, while online wagering can be done from anywhere using online platforms or mobile apps. Plus, at a physical or brick-and-mortar bet shop, you get your winnings right away in cash.

It’s a social experience that you can’t get with online gambling. If you like being around others and enjoy the thrill of placing bets in person, then retail betting is the way to go.

Fun Fact: The American Gaming Association reports that Americans wagered a record-breaking $119.84 billion on sports betting in 2023, with retail sportsbooks contributing significantly to this growth. This surge highlights the continued popularity of retail sports betting alongside the rise of online platforms.

Pros and Cons of Retail Sports Betting

In this section, we’ll explore the advantages and disadvantages of betting shops. While retail sites offer a unique and exciting experience, it also comes with its own set of drawbacks.

Atmosphere: Brick-and-mortar sports gambling sites offer a lively and exciting environment, enhancing the overall betting experience.Limited Convenience: Unlike online betting, traditional sports wagering requires physical travel to the sportsbooks’ location.
Instant Payouts: Unlike online platforms, physical sportsbooks typically offer immediate cash payouts for winning bets.Limited Betting Options: Traditional sports platforms may have fewer gambling options compared to online platforms.
Interaction: Traditional betting allows for personal interaction with staff and other bettors, adding a social element to the experience.Higher Costs: Travel expenses and potentially higher wagering minimums can make traditional sports betting more costly.
No Internet Required: Traditional sports betting does not depend on internet connectivity, making it accessible in areas with poor internet service.Limited Hours: Traditional sportsbooks have operating hours, limiting when bets can be placed.

I remember my first visit to a retail sportsbook vividly. The energy in the room was electric… There’s something special about holding that winning ticket in your hand, knowing you made the right call. While online betting offers convenience, it’s hard to beat the thrill of being in the midst of the action at a land-based sportsbook location.

Why Online Sports Betting Is Better Than Retail Sports Betting

Gambling on sports online offers several advantages over retail sports betting, making it a preferred choice for many bettors:

  • Online wagering is incredibly convenient. You can place bets from anywhere at any time, eliminating the need to travel to a physical sportsbook. This convenience allows for more flexibility and spontaneity in your betting activities.
  • Online platforms often offer a wider range of gambling options and sports events compared to retail locations. This variety allows bettors to explore different markets and find the best odds for their bets.
  • Online sites usually have lower costs, as they don’t have the same overhead expenses as brick-and-mortar establishments. This can result in better odds and higher potential winnings for bettors.

Personally, I made the transition to online betting for these reasons. The convenience of being able to place bets from my couch or on the go was a major factor. Additionally, the variety of betting options and the competitive odds offered by online platforms made it a more attractive option for me.

→ Overall, my personal opinion is that gambling on sports online provides a more convenient, diverse, and cost-effective wagering experience compared to retail betting, as exciting as it is.

Step-by-Step Guide to Placing a Retail Bet

Placing a retail bet at a land-based sportsbook is easy once you know how. Here’s a simple guide:

  1. Register: Go to the counter and tell them you want to bet. If it’s your first time, you might need to show your ID and set up an account.
  2. Deposit Money: Put cash in your account at the cashier’s window.
  3. Pick Your Bet: Look at the big boards or ask for help to choose your bet. You can bet on who will win, how much they’ll win by, or the total score of the game.
  4. Place Your Bet: Go to the betting window and tell them your bet, how much you want to stake, and what kind of wager it is.
  5. Get Your Ticket: They’ll give you a ticket. Keep it safe because you need it to get your winnings.

At a sportsbook, you can bet on things like who will win (moneyline), by how much (point spread), or the total score (over/under). If you’re not sure, just ask the staff. They’re there to help you!

States Where Retail Sports Betting is Legal

Retail sports betting has been legalized in many states across the United States following the Supreme Court’s decision to overturn the Professional and Amateur Sports Protection Act (PASPA) in 2018. This ruling allowed states to individually legalize sports betting, leading to a rapid expansion of the industry.

As of now, land-based gambling is legal in the following states:

StateLegal StatusRecent Developments
ArizonaLegal and operational since September 2021Flourishing market with numerous retail sportsbooks available.
ArkansasLegal and operational since July 2019Retail sports betting offered at casinos and racetracks.
ColoradoLegal and operational since May 2020Established market with diverse physical betting options.
ConnecticutLegal and operational since November 2021Casinos offer on-site wagering, with potential expansion.
DelawareLegal and operational since June 2018Longstanding market with retail sports betting at casinos.
District of ColumbiaLegal and operational since December 2021Brick-and-mortar gambling  at several locations within DC.
FloridaLegal but not yet operationalLegislation passed, awaiting launch of retail sportsbooks.
IllinoisLegal and operational since June 2019Physical casinos and racetracks.
IndianaLegal and operational since September 2019Retail sports betting offered at casinos and racetracks.
IowaLegal and operational since August 2019Land-based casinos and racetracks, allowed.
KansasLegal and operational since September 2022Limited wagering options at casinos.
LouisianaLegal and operational since November 2021Retail sports betting offered at specific parishes’ casinos.
MarylandLegal but not yet operationalLegislation passed, with potential launch in late 2024.
MichiganLegal and operational since December 2019Established market with retail sportsbooks and casinos.
MississippiLegal and operational since August 2021 (limited)Retail sports betting only available at casinos with specific licenses.
MontanaLegal and operational since March 2020 (limited)Physical sportsbooks at specific locations with sports licenses.
NevadaLegal and operational since 1949Established market with a long history of physical betting platforms.
New HampshireLegal and operational since November 2019Retail sportsbooks  offered at casinos and racetracks.
New JerseyLegal and operational since June 2018Established market with diverse retail gambling options.
New MexicoLegal and operational since October 2021Land-based options at tribal casinos and casinos with racetracks.
New YorkLegal and operational since January 2022On-site betting at casinos and commercial facilities.
North CarolinaLegal but not yet operationalLegislation passed with potential launch by the end of 2024.
North DakotaLegal and operational since December 2018In-person wagering offered at casinos and racetracks.
OhioLegal but not yet operationalLegislation passed, with potential launch by early 2025.
OregonLegal and operational since August 2018Retail wagering offered at casinos and tribal facilities.
PennsylvaniaLegal and operational since November 2017Established market with on-site wagering  at casinos.
Rhode IslandLegal and operational since November 2018Retail sports betting offered at casinos and Twin River gambling facilities.
South DakotaLegal and operational since November 2021Traditional sports wagering at Deadwood casinos only.
TennesseeLegal and operational since November 2020Physical gambling offered only at certain physical locations.
VirginiaLegal and operationalBrick-and-mortar wagering available online and at select locations.

Fun Fact: The number of states legalizing and launching retail sports betting is rapidly increasing. With several states passing legislation in 2023 and early 2024, the future looks bright for retail sports betting accessibility across the US.

If you’re placing your sports bets online, check out our page dedicated to US states where online sports betting is legal.

Popular Venues Featuring Retail Sportsbooks In the US

Discover the best places in the US where you can bet on sports in person, adding excitement to your game day.

Capital One Arena (Washington D.C.) 

Inside Capital One Arena, you’ll find D.C.’s first and only Caesars Sportsbook. It has a Vegas-style feel with lots of TVs, wagering windows, and kiosks for a great gambling experience.

Additionally, there are food and beverage options, dedicated betting lounges, bonus point programs, and more.

Footprint Center (Phoenix, Arizona) 

At the Footprint Center in Phoenix, Arizona, fans of the Phoenix Suns can bet on sports at the FanDuel Sportsbook. This modern facility has betting windows, self-service kiosks, and an outdoor terrace with TVs, creating a fun and convenient place to bet during games.

Also, expect to find live odds boards and bet terminals, information booths, and access to betting experts.

Rocket Mortgage FieldHouse (Cleveland, Ohio) 

Cleveland’s Rocket Mortgage Field House is home to a Caesars Sportsbook, a 10,000-square-foot space with betting windows, kiosks, and lots of TVs. It has separate levels with a lounge atmosphere for a top-notch on-site gambling experience.

This venue also offers VIP areas for high rollers, exclusive events and promotions and more.

The Future of Retail Sports Betting

The future of betting in person on sports might seem uncertain because of the growing popularity of online gambling. However, experts at Forbes think that on-site gambling will survive and change alongside online wagering.

Here’s why:

  • The Social Aspect: About 20% of people who bet on sports prefer the social atmosphere and being able to interact with others at physical wagering locations. This social part is something you can’t get online.
  • Becoming Part of Entertainment Spots: Sportsbooks are being added to sports arenas, casinos, and entertainment areas. This makes them a place where you can eat, have fun, and bet, which could attract more people.
  • Focus on Better Experiences: Physical betting sites might offer better experiences that online wagering can’t give. This could include fancy VIP areas, options for big bets, or in-person gambling lessons from experts.
  • Using Technology: Technology is and will always be important. We might see mobile apps that let you manage your bets and place a stake from your phone while you’re at the venue. There could also be interactive screens and better ways to gamble while you’re at the game.

So, Are You Sure Retail Sports Betting Is For You?

Understanding the differences between online and retail sports betting helps you choose the option that suits you best.

Think about how you like to bet. Do you prefer the convenience of online wagering or the social aspect of placing bets in person?

Interested in more topics around sports betting? Visit our sports betting education page and fuel your knowledge!