Best Online Sports Betting Sites & Sportsbooks 2023

Best Online Sports Betting Sites & Sportsbooks 2023

Table Of Contents:

Searching for the best online betting sites can be quite exhausting as there are numerous factors to consider. That being said, we have taken the liberty to do the hard work by finding some of the top betting sites that are available. 

Our article will outline these sportsbooks and will provide you with reasons why joining them could be right for you.

Top 5 best betting sites

We have compiled 5 of the best sports betting websites in the table below, which will include DraftKings, FanDuel, Caesars, BetMGM and Bet365. In this table, we will include the current welcome offer for each of the sportsbooks, as well as a rating out of 5 for each one.

RankSportsbookWelcome Offer + CodePickswise Rating
#1DraftKings Sportsbook
Draftkings logo
No Sweat Bet up to $1,500 + a Daily No Sweat NBA Same Game Parlay Token for the NBA playoffs
👑👑👑
4.9/5
#2FanDuel Sportsbook
FanDuel Logo
Bet $5, Get $150 in Bonus Bets If your bet wins
💰💰💰
4.8/5
#3Caesars Sportsbook
$1,000 First Bet on Caesars
🔥🔥🔥
4.7/5
#4BetMGM Sportsbook
BetMGM Logo
$1,500 First Bet Insurance
🦁🦁🦁
4.6/5
#5Bet365 Sportsbook
Bet365 Logo
Bet $5 and Get $150 in Bonus Bets OR $1,000 Back If Your First Bet Loses
💲💲💲
4.5/5

Best online sportsbooks 2024

Best sports betting sites reviewed

Below we will discuss each of the top betting sites from the table above. Each section will include the best feature of the sportsbook, a small review, and why we personally like that specific sportsbook.

DraftKings logo

DraftKings Sportsbook

DraftKings is one of the best online sportsbooks and ranks number one on our list of sportsbooks because of the features they have to offer. This includes a large number of sports available to bet on, hundreds of different markets, and even a full online casino. 

DraftKings welcome offer

Why you should bet with DraftKings 

DraftKings is one of my favorite sportsbooks to bet with because they are always reliable. They offer markets for just about every sport, giving me plenty of opportunities to find value on a daily basis, especially in the summer months when there are less options available. I also love their existing customer promos that can provide me with profit boosts for specific markets.

🔥Welcome Bonus:💰No Sweat Bet up to $1,500 + a Daily No Sweat NBA Same Game Parlay Token for the NBA playoffs💰
✔ States Legal In:AZ, CO, CT, IA, IL, IN, KS, KY, LA, MA, MD, MI, NJ, OH, PA, TN, VA, WY (18+) or WV
📱Available Platforms:Computer / Apple devices / Android devices / Retail locations
💲Payout Speed:Up to 5 days
🎁Best Feature:Extensive Live Betting Markets
🏅Pickswise Rating:4.9/5
Fanduel logo

FanDuel Sportsbook

FanDuel should also be considered one of the best betting websites because they offer Same Game Parlay markets. They also provide customers with daily fantasy contests, an online casino, and a full racebook, making them second on our list of the best betting sites.

FanDuel welcome offer

Why you should bet with FanDuel 

One of the biggest reasons why I use FanDuel Sportsbook is because of their Same Game Parlay markets. These allow me to try and maximize my profit from just one game instead of having to rely on two, three, or four games to cash my bet. More than just the Same Game Parlays, FanDuel also gives me the ability to earn bonus bets by referring my friends to sign up for a new account.

🔥Welcome Bonus:💵Bet $5, Get $150 in Bonus Bets If your bet wins💵
✔States Legal In:AZ, CO, IA, IL, IN, KS, KY, LA (permitted parishes only), MA, MD, MI, NJ, NY, OH, PA, TN, VA, WV, or WY
📱Available Platforms:Desktop / iOS / Android / Physical locations
💲Payout Speed:3-5 days for Online Banking, Up to 48 hours for PayPal/Venmo, and 7-10 days for Checks
🎁Best Feature:Same Game Parlay Markets
🏅Pickswise Rating:4.8/5
This image has an empty alt attribute; its file name is Caesars.png

Caesars Sportsbook

Caesars is another one of the best sportsbooks in the industry today. They rank third on our list of the best betting sites because they aren’t available in as many states as some of the other sportsbooks.

Caesars welcome offer

Why you should bet with Caesars 

I particularly love using Caesars because of the daily odds boosts page that is designed to update regularly and give me the incentive to make bets I normally wouldn’t make. They also have a rewards program available and by earning Tier Credits and Caesars Reward Reward Credits ®, I can earn discounts for food and shopping at physical locations. On top of that, earning Tier Credits and Caesars Reward Reward Credits ® will also allow me to earn free hotel stays at Caesars properties and even casino credit for table games and slots.

🔥Welcome Bonus:💸$1,000 First Bet on Caesars💸
✔States Legal In:AZ, CO, IA, IL, IN, LA, KY, MA, MD, MI, NJ, NY, OH, PA, TN, VA, WV, or WY
📱Available Platforms:Desktops / App on the Apple Store / App on the Google Play Store / Caesars Casinos
💲Payout Speed:Within 72 hours
🎁Best Feature:Daily Odds Boosts that provide better odds for games, player props, or parlays that would otherwise not be worth betting 
🏅Pickswise Rating:4.7/5
BetMGM logo

BetMGM Sportsbook

Fourth on our list of the best sports betting sites comes BetMGM. They offer loads of great features such as live streaming, Lion’s Boosts, and plenty of live betting options.

BetMGM welcome offer

Why you should bet with BetMGM 

Part of the reason why I like using BetMGM Sportsbook is because I can live stream some of my bets using their free app. I can also gather reward points and redeem them for free hotel stays and credit at BetMGM casinos.

🔥Welcome Bonus:🤑$1,500 First Bet Insurance🤑
✔States Legal In:AZ, IN, IA, KS, LA, OH, VA, WV, WY
📱Available Platforms:Any computer / Apple Phones / Android Phones / Physical BetMGM Sportsbook locations
💲Payout Speed:Up to 5 days
🎁Best Feature:Live Streaming options available
🏅Pickswise Rating:4.6/5
Bet365 icon

Bet365 Sportsbook

Finally, fifth on our list of the best online sportsbooks is Bet365 Sportsbook. They are still one of the top betting sites in the United States, but because they have a limited presence in the United States (available in just 5 of the 50 States), they are last on our list.   

Bet365 welcome offer

Why you should bet with Bet365 

Despite having not yet established a foothold in the U.S, Bet365 is still one of my favorite sportsbooks to bet with. I love the Bet Boost feature, which gives me bigger odds on select markets everyday, and I love that I can receive early payout offers if the MLB team I bet on is ahead by at least 5 runs.  

🔥Welcome Bonus:🎁Bet $5 and Get $150 in Bonus Bets OR $1,000 Back If Your First Bet Loses🎁
✔States Legal In:CO, IA, NJ, VA, or OH
📱Available Platforms:Computer/Laptop / IPhones / Google Phones or other Android Phones / Casinos with Bet365 Sportsbook
💲Payout Speed:Debit Card/Bank Wire – 1 to 5 days, PayPal/Skrill/Credit Card – Up to 24 hours, Neteller – Up to 12 hours
🎁Best Feature:Early Payouts and Parlay Bonuses
🏅Pickswise Rating:4.5/5

How we rate the best online betting sites

All of the ratings for the sportsbooks we have listed are based on a few important factors. This includes the welcome offer they provide, the amount of sports offered, the number of states where they are available, and what kind of features they offer. Payout speed also plays a minor factor, as well as, which of the sportsbooks offers the best odds. 

How to sign up with an Online Sportsbook

Signing up for the best online sportsbooks generally follows the same set of steps. Below we have provided a guide to walk you through the signup process for the top betting sites, regardless of which you decide to go with: 

  1. Navigate to the website for the sportsbook of your choice
  2. Create a new account by following the steps provided by the sportsbook and by entering your account information
  3. Once your account has been created, make your first deposit using one of the deposit methods at that sportsbook and start betting with your deposited funds

Which sportsbook has the best odds?

It is no secret that different sportsbooks offer different odds. This is important because finding the best odds can lead to profiting more when it comes to future bets or reducing your potential losses when it comes to betting on favorites. Below we have rated the best sports betting sites in order based on the odds they offer.

Best Sportsbook OddsPickswise Rating
DraftKings4.9/5
FanDuel4.7/5
BetMGM4.8/5
Caesars4.6/5
Bet3654.5/5

Which sportsbook has the best payout speed?

Payout speed is also an important aspect of determining the best betting websites. Obviously, a faster payout speed means you will receive your winnings quicker and can get back to placing bets more often. The table below shows the payout speed for the best betting sites featured in this article. 

Best Sportsbook for PayoutsPayout Speed
DraftKingsUp to 5 days
FanDuel3-5 days for Online Banking, Up to 48 hours for PayPal/Venmo, and 7-10 days for Checks
BetMGMUp to 5 days
CaesarsWithin 72 hours
Bet365Debit Card/Bank Wire – 1 to 5 days, PayPal/Skrill/Credit Card – Up to 24 hours, Neteller – Up to 12 hours

Are these online sportsbooks legal and legit?

Yes, all of the best online sportsbooks we have discussed are legal. As long as you live in one of the states where they are allowed, you can freely bet on any sport you would like. Of course, you must be at least 21 years old to be allowed to bet with the only exception being in Wyoming where the legal betting age is 18 or older depending on where you are betting.

FAQs

What is the best betting site?

The best sportsbook is DraftKings. From their wide array of sports, extensive player and game prop markets, daily fantasy contests, friend referral program and new customer welcome bonuses, they should be considered above the rest.

FanDuel Sportsbook has become one of the most popular sportsbooks in the United States. This is thanks to their continued Daily Fantasy Contests, Same Game Parlay markets and being a sportsbook that can be trusted.

Bet365 is the sportsbook that has the most users. This is because they are one of the biggest sportsbooks globally and don’t just operate in the United States.

Overall, Caesars Sportsbook offers the fastest payout. With the majority of their payouts being processed within 72 hours, it makes them one of the best online sportsbooks for receiving your money quickly.

Luke Lindholm

Managing Editor for US Media Partnerships

Writer for Pickswise. Luke was born in PA but raised in MA and has been writing about major sports for 2 years. He plays soccer and basketball with a love for the EPL, NBA, NFL and NCAAF. Nothing runs faster than home dogs and betting the under is an act of maturity. Luke is a Liverpool and Patriots fan for life, YNWA

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