Opportunities for US gamblers are growing. In August 2017, the Global Tote received a licence to operate in the US. Additionally, TopBetta received a licence from the North Dakota Racing Commission which allows it to operate in 35 American states where Advanced-Deposit Wagering is permitted.
If you have no idea what we are talking about, read on to find out more.
Global Tote US licence
TopBetta is an Australian betting company, which is licensed by the Northern Territory.
TopBetta established the Global Tote in 2016 and launched the product in the Australian market in 2017. It has been well-received Down Under, allowing for international expansion.
Before successfully applying for two American licences – one for the betting company and one for its Global Tote product – the company gained a licence to operate in the UK.
The Global Tote licence enables the product to be implemented by US operators, subject to the approval of relevant racing bodies.
TopBetta received its US licence from the North Dakota Racing Commission and will be able to operate in the 35 states which allow Advanced-Deposit Wagering (ADW) and online betting.
The betting company plans to see seek approvals from states which aren’t covered by the ADW but allows online horse wagering.
What is Advanced-Deposit Wagering?
ADW involves punters funding their account online or by phone before placing a bet on the outcome of a race.
Trainers, race course owners, and state governments can receive a share of ADW revenues.
The legal status of ADW is determined by individual states.
Global Tote US with pari-mutuel betting
The Global Tote may not seem as exciting to punters in the US as it is to Australians since Aussie punters have experienced an uncompetitive market due to fixed odds. But the Global Tote promises greater returns to punters.
The Global Tote allows punters all around the world – including the USA – to bet into the same pool.
This means theoretically when The Global Tote is active in the USA, Australia, United Kingdom and Sri Lanka everyone could bet on the Super Bowl into the same pools as the other countries.
The Global Tote will be available for the different forms of pari-mutuel betting in the USA including horse and greyhound racing.
American operators will likely implement the product to their online betting site and indicate what markets offer the Global Tote odds.
However, TopBetta received a licence to operate in the US, so we explain how to use the product via the betting company below.
Although the Global Tote is still new, it is an exciting product for punters and US gamblers can now be part of the action.
US betting sites with the Global Tote
TopBetta is a reputable Australian-based betting site. It is the only site with the Global Tote product in Australia, though Ladbrokes is reportedly adding it to its betting platform.
TopBetta indicates clearly which betting markets feature Global Tote odds via a blue banner. You can click on the market to view the exact odds of that particular race.
US punters will find Global Tote odds available for horse and greyhound racing.
The Global Tote has a Top and a Mid product with the former offering the highest payout of the existing totes and the Global Tote. Global Tote Mid pays the middle dividend of the existing totes if the Global Tote does not exceed the price.
The Global Tote is not available for every race, but as US operators get the hang of it, and TopBetta becomes more comfortable in the American market, more races will have it.
TopBetta might be a bit different to what you are used to, but it operates a lot like US online ADW sites. You can use your desktop device, laptop, tablet or smartphone to sign up and place your bets too.
US gamblers who live in one of the 35 states which allow online betting at ADW sites can sign up to TopBetta. It will take a few minutes and all information is protected. Once you have created an account, you can view the available racing markets and the applicable Global Tote odds.
Make a deposit with the available payment methods including credit and debit cards, web wallets, and bank transfers. Then you will be ready to place a bet.
Future of TopBetta and the Global Tote in the US
Sports betting of any kind is illegal in America, excluding Nevada, Oregon, Delaware, and Montana.
The state of New Jersey has successfully applied to the Supreme Court to hear its case against the sports betting ban, overseen by the Professional and Amateur Sports Protection Act.
Many states have already amended laws in the event sports betting is legalised.
The Global Tote will likely expand to include sporting events in Australia and due to the current changes it has the same potential in America.
TopBetta has gotten a head start in the US gambling industry, and if everything goes their way they could do incredibly well.