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First-timer checklist: before you open an account
Nothing here tells you what to bet. It is a list of things to check so you do not get surprised by rules, fees, taxes or scams.
- Check the age. Most states set 21; some set 18 (our state pages show which, with sources). Operators may set higher minimums. State rules
- Use a licensed operator. Confirm it is on your state regulator's list. How to check
- Expect ID and location checks. Legal apps verify who you are and that you are in the state.
- Understand the price. Odds include a margin. How odds work
- Read bonus terms before accepting. Bonus fine print
- Set limits before you start. Licensed operators are required in some states (such as Pennsylvania) to offer deposit, time and wager limits and cool-off periods. Decide your limit when you are calm, not mid-game.
- Know the tax rules. Winnings are taxable income. Taxes on winnings
- Keep records. Save your account statements; the IRS says you need an accurate record of winnings and losses to deduct losses.
- Only use money you can afford to lose. Never borrow to bet. If it stops being fun, get help.
