Olympics Betting Guide For 2024

Betting on the Olympic Games is one of the oldest sports gambling markets in existence, giving every bettor an opportunity to get involved in the world's most famous athletic tournament.

Not only is Olympics betting a way to connect to the magic that defines the games, but it's also a way to enjoy a legal wagering experience on events that are guaranteed to make history. Options for legally betting on the 2024 Summer Olympic Games run the gamut, and they're a nice change from the usual fare on the sports calendar.

Americans looking for a legal way to bet on sports in the US can turn to international online sportsbooks for all their gambling needs while adhering to the letter of US law. We are confident that our recommended operators offer the best online sports betting options for the upcoming Olympic Games.

Bovada Sportsbook
#1 Rated Legal Online Sportsbook For 2024

At Bovada, betting on the Olympics is a breeze, and you never have to sweat getting paid. With thousands upon thousands of related odds and props to choose from, Bovada will have you winning gold after gold!

Site Rating

Bovada screenshot
USA Friendly Shield Small

Compability

Bovada Sportsbook And Casino
Pros
  • US Friendly - Most US States Accepted

  • Most reputable name in online sports betting

  • Licensed by Curacao - Operates within Costa Rica

  • Generous 50% bonus up to $1,000 for new members

  • Easy deposits using credit cards or Bitcoin/crypto

  • Fast and reliable payouts guaranteed

Cons
  • Only US, Mexico and Brazil players accepted

  • Excluded States: CO, CT, DC, DE, KS, LA, MD, MI, NJ, NV, NY, OH, PA, WV

  • Limited deposit options compared to other sites

Best Online Olympics Betting Sites

SiteReviewBonus OfferUSAVisit
Bovada Sportsbook And CasinoRead Review50% Max $1,000Play now
mybookie logoRead Review100% Max $1,000Play now
Betonline LogoRead Review50% Max $1,000Play now
Sportsbetting LogoRead Review50% Max $500Play now
BetUS BrandRead Review100% Max $2,500Play now
Bookmaker LogoRead Review25% Max $500Play now
Xbet Sportsbook logoRead Review50% Max $200Play now

Betting On The Summer Olympic Games - LA 2028

Wagering on the 2028 LA Summer Olympics promises to produce lots of action at the top legal online betting sites. These international betting sites, as usual, will provide US bettors with the most choices on the boards, with all events and sports/disciplines represented.

The 2028 Summer Olympics will take place in Los Angeles, California, from July 14th through the 30th.

FAQs

US Gambling Laws That Affect Betting On The Olympics

There are two federal gambling laws to be aware of when you’re thinking about betting on the Olympics. These laws are summarized below, but it is important to note that neither law applies to individual bettors in any way.

  • Interstate Wire Act (1961) – Also called the Federal Wire Act, this prevents domestic US sportsbooks from accepting wagers across state lines. The Wire Act is why you can’t just call a Las Vegas bookie and place a wager from a different state. All legal domestic sportsbooks and mobile sports betting apps are geo-fenced and accessible only to bettors physically inside each state in question. Offshore sportsbooks are exempt from the Wire Act.
  • Unlawful Internet Gambling Enforcement Act (UIGEA, 2006) – The UIGEA is a banking law that bars US-based banks from knowingly processing payments to or from sportsbooks or gambling sites that are not regulated by the US government. The law is largely unenforced, but it occasionally results in declined credit/debit gambling deposits. Bitcoin and other cryptocurrencies have rendered this law moot.
  • State Olympic Betting Laws – The spread of state-regulated sports betting has eradicated the restrictions that a few states previously had in place that prevented all forms of online betting. Now that these regions actually sanction local online betting, those previous prohibitions are null and void. Even bettors in states without locally licensed sportsbooks are able to legally gamble at legitimate offshore betting sites.

Additional Resources

Official 2026 Milano Cortina Winter Olympics Website

Official 2028 LA Summer Olympics Website