Hawaii sports betting
Some studies suggest the size of the online betting market in the U.S. was $61.5 billion in 2021. This figure would reach $114 billion by 2028. Morning Consult says the number of Americans wagering online on any sport increased from 5% to 12% between January and December 2021.
If you’d like to enter the online sports betting circuit, keep reading this article. This guide will also help you navigate the choppy waters of the Hawaii sports betting industry. It will also answer questions on the legality of sports betting in Hawaii, betting-related taxation, and upcoming laws affecting this activity.
Can you legally bet on sports online in Hawaii?
No, you cannot bet online in Hawaii. In fact, this state outlaws all forms of gambling within its borders. The only way out is to wager on offshore sports books, but Hawaii authorities don’t control these entities. Thus, even if players get conned by these offshore sports books, there isn’t any legal recourse for them.
Hawaii is one of the two states that have outlawed gambling, daily fantasy sports, and racehorse betting. This state also doesn’t allow tribal casinos to operate within its territory. Hawaii’s lawmakers have held a strict stance on all forms of betting – online or land-based – since statehood in 1959.
That said, a state legislator has introduced legislation to allow residents and tourists to wager online.
Now that the question ” is online sports betting legal in Hawaii”, has been answered, please understand this subject in greater detail.
Sports betting sites that may launch in Hawaii
Hawaii-based punters can look forward to betting on several world-class sportsbooks, shortly. All these betting platforms are legit and provide a vast selection of sports, bets, and various bonuses.
The PointsBet betting website is a new player in the American online betting industry. This sportsbook differs from the rest because of its distinct points-based betting system.
At PointsBet Hawaii, players can wager on sports as diverse as baseball, tennis, basketball, football, and others.
The Caesars sportsbook is currently a leading player in the United States. The former was initially an online casino until its acquisition of William Hill in 2021. Currently, Caesars is available in 8 states, and this number would rise in the days to come.
Caesar’s sportsbooks markets
This betting site offers a strong selection of betting markets, starting with spreads, totals, money lines, and prop bets. Additionally, this sportsbook also offers boosted odds, player props, and game props bets. Caesars also has a strong futures market, where players can place mid-term or long-term bets on selected sports. Players can locate all the sports markets on the left part of the home page. The more popular sports (basketball, baseball) are placed on the top, while others can be discovered by clicking the arrows.
This US betting site in Hawaii is one of the best sports betting apps in the United States. It has a strong selection of betting markets and sports, and in some states, DraftKings also has online casinos.
What makes FanDuel distinct from the rest is its clean interface and wide range of betting options.
Some reasons bettors like BetRivers are low prices, a vast range of promotions, and customer support. BetRivers is legit and is present in several states across the United States.
Latest news about online sports betting in HI
In early 2022, Rep. John Mizuno tabled a bill that allows all forms of online sports betting. He has advanced several arguments that back this move, First, this bill protects several Hawaii-based online gamblers from losing money on offshore sportsbooks.
Second, Mizuno’s proposed legislation also regulates online gambling sites in Hawaii. He wants a 55% tax on all gambling revenues. Mizuno’s House Bill 1815 has reached the preliminary reading stage. He hopes this bill will be shortly. reach the Committee of Economic Development.
In other news, Rep. Angus McKelvey has introduced House Bill 2004, which would legalize daily fantasy sports. If passed, this legislation would benefit FanDuel and DraftKings. However, HB 2004 excludes college and high school sports.
How do online sports betting and taxes work in HI
Rep. Mizuno has proposed a 55% tax on all sports betting revenues in Hawaii. This tax structure mimics the one adopted by New York and aims to solve many problems facing Hawaii.
Since Hawaii has outlawed all forms of online sports betting, there are zero taxes to be paid by bettors in that state. However, that is set to change once Mizuno’s bill becomes law.
Who regulates online sports betting in Hawaii?
Currently, Hawaii doesn’t have an online sports betting regulator. However, Rep. Mizuno proposes the state create an online sports wagering corporation that oversees all the betting sites operational in Hawaii. This new body would work under the Department of Business, Economic Development, and Tourism.