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For this year's FIFA World Cup, the best way to place bets online from Pennsylvania will be with bitcoin using a cryptocurrency wallet that can be linked to one's banking account. In May 2018, the U.S. Supreme Court ruled that individual states can offer legalized sports betting but must first develop regulatory instruments before doing so. For now, a few dozen of internationally licensed sportsbooks will accept wagers on this year's World Cup.
*Bookmaker Welcomes Players From Around the World - Most Crypto-Currencies Welcome
WILL PA WELCOME SPORTS BETTING?
The Keystone State is anxious to get into the sports betting arena but won't be ready in time for the World Cup, and they are having a tough time enticing companies it seems.
As of June 4 though, none of the PA casinos have applied for a sports betting license, this despite the state opening the process to allow existing casinos to file for the right to establish sports books.
This might explain: From the Inquirer:
The head of William Hill US, which just partnered with the Ocean Resort (formerly Revel) in Atlantic City to run its book, says the company is not making any similar deals in the Keystone State because the law calls for a 36 percent tax on operators’ revenue plus a one-time fee of $10 million. Sounds like the deal Michael Corleone offered Moe Greene in The Godfather
“Pennsylvania is in a different bucket because of the tax rate,” said Joe Asher, William Hill’s chief executive officer, who is from Wilmington and worked as a kid at the old Brandywine racetrack. “We can’t figure it out. Because of it, we haven’t spent the time or effort in Pennsylvania that we have in New Jersey. The tax rate is such a big challenge.”
Needless-to-say, Pennsylvania gamblers will need to rely on international websites to place all their World Cup bets.
HOW TO USE BITCOIN AND OTHER CRYPTOCURRENCIES FOR BETTING THE FIFA WORLD CUP
The online betting site will simply have you send them the special address/token obtained from the Bitcoin wallet or exchange.
You would select either SEND (to deposit funds) or RECEIVE (to withdraw funds).
Some exchanges allow customers to link directly with their bank accounts or PayPal. The Bitcoin can be converted into the currency of your choice then transferred into your account in as little as 24 hours.
You will want to verify all your information (including personal identification) with the exchange prior to sending and receiving funds. Typically they will suggest setting up an authenticator on your mobile device for added security.
- Aaron Goldstein, Gambling911.com
