A sportsbook is a place where gamblers can wager on various sporting events. They are often operated by casinos and may have a different name than a traditional casino. In addition to offering odds on various sporting events, sportsbooks also offer other types of betting such as poker, bingo and casino games. They can also have a loyalty program and bonuses for players. In addition, there are many ways to bet on sports from a mobile device.
Online sportsbooks are becoming increasingly popular as more states legalize online gambling. They feature large bonuses, sharp odds and innovative features like live streaming. Nevertheless, it is important to research these sites carefully and select one that is licensed and regulated in your state. In addition, remember to gamble responsibly and never wager more money than you can afford to lose.
Fanatics has been working on its online sportsbook for some time, but it will make the app available only in Ohio and Tennessee at first. The company expects to expand the service to additional markets later this year. In addition, it is planning to debut a new customer loyalty program called FanCash, which will let customers exchange winnings for merchandise and other goods. During an interview with Sports Handle, Fanatics CEO Jeff Rubin said the company would monitor conversion rates in those states to determine how to optimize its platform.