PointsBet sold its US operations to Fanatics. It no longer operated in the United States.

What Makes PointsBet Sportsbook Special?

You don’t have to look far to see what makes PointsBet unique—PointsBetting. No other major online sportsbook offers this style of wagering. This betting site has other unique characteristics beyond just PointsBetting, including PointsBet Rewards and a massive welcome bonus.

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PointsBetting

You normally win or lose a fixed amount when placing a wager. For example, if you bet $110 on -110 odds, you’ll win $100 or lose $110. Your successful wager’s margin doesn’t matter as long as you win.

PointsBetting differs from the standard by paying winnings or taking losses based on your pick’s accuracy. Every point counts when determining your payout or losses. Here’s an example:

  • New York Jets +3
  • Buffalo Bills -3
  • You place a $10 PointsBet on Buffalo.
  • The Bills win 21-10 (8 points over the spread).
  • 10 (bet) x 8 (margin of victory) = $80 payout

Here’s another example on the same line:

  • You place a $10 PointsBet on the Bills again.
  • The Jets win 24-20 (7 points against your spread bet).
  • 10 (bet) x 7 (margin of loss) = $70 loss

PointsBet is the first and only US online bookmaker to offer this wagering style. Naturally, therefore, it’s genuinely unique from every other betting site.

PointsBet Rewards

This mobile sportsbook offers a comprehensive loyalty program that rewards you for every wager. You’ll receive the following points for each bet type:

  • 5 points for every $1 in parlay wagers
  • 1 point for every $1 in fixed-odds bets
  • 1 point for every $1 won or lost on PointsBets.

You can track your points via the Rewards page. Every 100 points result in $1 worth of PointsBet free bets. You need at least 250 points before redeeming them. You’d have to risk $500 in fixed-odds wagers, for example, to get $5 in free bets.

Huge Signup Bonus

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The PointsBet new player bonus is one of the biggest in the industry. It offers up to $2,000 in bonus bets and breaks down as follows:

  • $500 bonus bet on fixed-odds – This offer is open to fixed-odds wagers, such as a moneyline, point spread, or over/under. If you win, you keep the winnings and move on. Assuming you lose, you’ll receive an equivalent amount in bonus bets.
  • $1,500 bonus PointsBet – This part of the deal is only eligible for PointsBetting. The same rules apply, where you must lose to receive bonus wagers. The bonus bets can be used on any wager—not just PointsBets.

You can score the risk-free wagers plus $100 in PointsBet free bets in some markets. Michigan and Virginia are two states where the free wagers are available at this PointsBet review.

How to Get Started at PointsBet

This betting site makes signing up and depositing easy. You can open your account, deposit, and grab the PointsBet new player bonus through the steps covered below.

  1. Visit the PointsBet App/Website & Sign Up – This online bookmaker is available on desktop, Android, and iOS. First, you’ll have to visit Google Play or the App Store to download the PointsBet app. Once at the app/website, you must choose the Sign Up option to pull up the registration form.
  2. Complete Registration – The signup form takes you through multiple screens, although it still doesn’t take long to complete. The first screen asks for your name, state, email, and PointsBet signup code (????). The bonus code is optional but necessary if you want the PointsBet new player bonus. You enter your personal details (e.g., birth date, Social Security number) on the second screen. Finally, you agree to the terms and conditions on the third and final page.
  3. Visit the Banking Section – Once registered, you can proceed to the cashier area and look for a deposit method. Available banking options include cash, credit card, e-check, e-wallet, online banking, and Play+ Card.
  4. Place a Deposit – After selecting a banking method, you enter how much you’d like to deposit and confirm. Certain options will deliver your funds immediately (e.g., credit cards), while others can take a while (e.g., e-wallet).
  5. Start Betting – You can begin placing wagers after your account is loaded. Visit the sportsbook area, add a bet(s) to your slip, and wait for the results. If you’ve taken advantage of the PointsBet deposit bonus, you’ll be able to make two risk-free bets.

Is PointsBet Trustworthy?

We encourage you to question PointsBet or any other mobile sportsbook before signing up and depositing. After all, you don’t want to deposit with the wrong operator and get ripped off. This being said, we’re fully confident in PointsBet for the following reasons.

Regulated in Multiple States

This online sportsbook is available in almost a dozen states. It has passed an application process in each market and must also deal with the local gaming body. A few examples of these regulators include:

The above regulators, among others, ensure that PointsBet and other licensed betting sites follow the rules in their respective markets. These rules include making a strong commitment to responsible gambling and processing payouts quickly.

Solid Reputation & Publicly Traded

This betting site has a quality reputation within the industry. It’s able to gain licensing in many jurisdictions thanks to its image. It has even won an award for its service, including the “Top Sports Betting Operator” at EGR North America 2022.

PointsBet Holdings Limited is publicly traded on the Australian Securities Exchange. Being a public company, it releases financial statements and other information each quarter.

Easy to Get Paid After Winning

You can get paid through several cash-out methods, including the following options:

  • ACH (eCheck)
  • Cash
  • Check
  • PayPal
  • Play+ Card

Cash lets you collect sports betting winnings instantly. The catch, though, is that you’ll need to visit a participating land-based casino/sportsbook. PayPal is your best bet for fast electronic withdrawals. Check is undoubtedly the slowest of the PointsBet cash-out options, taking 10–14 days to deliver your money.

Company Profile of PointsBet Holdings Limited

This review of PointsBet has touched on PointsBet Holdings here and there. Now, though, we’d like to do a deep dive into the company and its team.

Brief History

PointsBet launched out of Melbourne, Australia, in 2015. Its founders wanted to stand out from the market by offering PointsBetting. They succeeded as PointsBetting has become a popular alternative form of sports gambling.

This company laid the foundation to go public after hiring CEO Johnny Aitken in 2019. Aitken headed the process of getting PointsBet Holdings Limited listed on the ASX. This bookmaker is now available in Australia, Canada, Ireland, and the US.

Who Runs this Online Sportsbook?

Key players who run PointsBet Holdings include the following:

  • CEO Johnny Aitken – Has served in the company’s top role since January 2019. Aitken previously created the New Risk department at William Hill and was head bookmaker at Tom Waterhouse (Australia).
  • CFO Sam Swanell – Previously acted as Tom Waterhouse’s CFO and National Sales Manager for TOTE Tasmania.
  • Chief Marketing Officer Andrew Fahey – Was a marketing executive at Tom Waterhouse and William Hill.
  • Chief Commercial Officer Nick Fahey – Starting as an accountant at PricewaterhouseCoopers, Fahey has transitioned to forming PointsBets’ commercial and corporate partnerships.

Where is PointsBet Legal in the US?

You can legally wager at the PointsBet Sportsbook in the following states.

Many other states currently offer legal online sports betting. PointsBet will likely expand to additional markets at some point. We’ll do our best to update this review of PointsBet when/if they expand in the US.

PointsBet FAQ

Can I bet on college sports at PointsBet?

Yes, you can wager on college football and basketball at PointsBet. However, PointsBet college sports betting varies based on each state’s laws. Indiana, for example, allows full-on college sports wagering (minus prop bets). Illinois, meanwhile, only lets you place in-person bets on collegiate teams.

Is there a mobile PointsBet app?

The PointsBet app is available for both Android and iOS devices. You can visit Google Play or the App Store to download PointsBet. This mobile sportsbook carries above-average ratings on both operating systems. Therefore, you should have a solid mobile gambling experience here.

Is a PointsBet Casino available?

Yes, PointsBet offers a small online casino. You can enjoy a few dozen online slots, along with table games and live-dealer games here. Some of the slots include Action Jack, Cleopatra, Electric Tiger, Elephant King, Lobstermania 2, and Wolf Run. Available table games are baccarat, blackjack, Infinity Blackjack, Poker & Pairs Blackjack, roulette, and three-card poker.

How do I get paid when winning at PointsBet?

PointsBet gives you the ability to receive winnings through multiple methods. Available PointsBet cash out options include ACH, cash, check, PayPal, and Play+ Card. Cash (at the cage) offers instant payouts and can be worthwhile if you live near a partner casino or sportsbook. PayPal is a highly popular e-wallet that lets you quickly withdraw funds electronically. Play+ is a PointsBet-branded card that allows for fast deposits and cashouts.

Can I get free bets at PointsBet?

The PointsBet Rewards program gives you the chance to earn many free bets. It awards you points for every wager placed at the online sportsbook. You’ll receive 5 points for each $1 in parlay wagers. Meanwhile, you’ll get 1 point for every $1 in PointsBets or fixed-odds wagers. You can redeem the points for PointsBets free bets after reaching a minimum of 250.

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