As of January 8th, 2020, New York residents can legally engage in online sports betting. This follows the commencement of in-person betting in 2019. There are now five major sportsbooks operating in the state: FanDuel Sportsbook, DraftKings Sportsbook, Caesars Sportsbook, BetRivers and BetMGM.
Collectively, these sportsbooks took in nearly $2 billion in bets during the first 30 days of online betting. New York is currently the biggest legal sports betting state by handle.
For residents looking to get involved in sports betting, there are plenty of options available. In addition to the major sportsbooks, there are also smaller operations like Wynn and Resorts World.BET. No matter what your preference is, there is sure to be a sportsbook that meets your needs.
Whether you are a seasoned bettor or a beginner, all of the sportsbooks offer welcome bonuses and promotions for new players. Sports betting in New York is a fun and exciting way to get involved in your favorite sports. With so many options available, there is something for everyone.
How to get started with a sportsbook in NY
Once you have registered for an account, you will need to fund your account in order to start betting. You can do this by using a variety of methods, including credit cards, e-wallets, and prepaid cards.
Once your account is funded, you can start betting on a variety of sports. Most sportsbooks will offer a variety of live and featured bets, as well as your own personal betslip.
To get started with your first online bet, simply choose the sport you want to bet on, select your stake, and then click “Place Bet.” Your bet will then be processed and you will be able to see the results of your bet.
You can also withdraw your winnings from your account by selecting the “Withdraw” option. This will allow you to choose how you would like to receive your funds, and you will then be able to access your winnings.
New York online sportsbooks
When choosing an online sportsbook, personal preferences should rule the day. The sites that have the most features that are important to you and feel the best while navigating around should move to the top of the list. Here’s a look at the books that excel in certain facets, followed by quick reviews of the top legal options in NY.
Best sportsbook for betting on NY teams
DraftKings, FanDuel. If you’re simply looking for a place to bet on your local favorites and other big games and events, these two industry leaders are consistently among the highest-rated options. Both operators also have partnerships with several New York pro teams, and FanDuel itself is headquartered in New York City.
Best sportsbook for competitive odds
Caesars, PointsBet. You can always shop around to compare the lines, but these two sportsbooks tend to pay careful attention to keeping the odds competitive and appealing.
Best sportsbook for bet variety
BetMGM, BetRivers. These two online sportsbooks have the largest menus of sports available for wagering. Combine that with all of the bet types you could ask for, and those who like lots of options will be quite happy.
Best sportsbook for overall usability
DraftKings, FanDuel. Whether you’re on the web or mobile, the DraftKings and FanDuel platforms are incredibly slick and easy to use while downtime and glitches tend to be at a minimum. Eilers & Krejcik Gaming noted that both of these apps rank in the top five for aesthetics, user experience, and app features, according to a 2021 independent study.
Best sportsbook for regular promotions
Caesars, BetMGM. Promotional opportunities are common when signing up, but many books are light on regular incentives for existing players. Caesars and BetMGM are exceptions to that rule.
New York sports betting bonuses and promotions
When it comes to New York sports betting, there are a variety of bonuses and promotions that you can take advantage of. The most common type of bonus is the deposit bonus, which matches a certain percentage of your deposit. Other types of bonuses include no-deposit bonuses, insurance bonuses, and odds boosts. In addition, many sports betting apps feature loyalty or rewards programs that can be tied to retail perks and offers.
No-deposit bonuses
No-deposit bonuses are a great way to get started with a new sports betting site. These bonuses usually give you a set amount of credits or free bets in exchange for your registration. They’re a great way to try out the site and see if it’s the right fit for you.
Deposit bonus
Many sportsbooks offer deposit bonuses to their players, augmenting the amount that you choose to deposit into the site. The sportsbook will match a certain percentage of your deposit as extra dollars. This can be quite generous, with matches up to 100% and maximum rewards in the thousands of dollars. Make sure to read the fine print, however, as some deposit bonuses come with strings attached. For example, you may be required to wager a certain amount before you can withdraw your bonus money. But if you’re a savvy bettor, you can use deposit bonuses to your advantage and boost your bankroll.
Odds boost
If you’re feeling lucky, now might be the time to place a sports bet. Thanks to the odds boost, you can get a better payout on your wager. So, whether you’re betting on the Super Bowl or the World Series, make sure to take advantage of this special promotion.
Insurance bonuses
Insurance bonuses are a great way to protect your losses during a specified event or time period. If you end up in the red, the sportsbook will send you vouchers to bring your balance back to even. This type of bonus is a great way to minimize your losses and keep your bets safe.
Loyalty programs
Loyalty programs are another common feature of NY sports betting apps. These programs reward customers for their loyalty by giving them certain benefits, such as discounts or bonus points. Some of the most popular loyalty programs include Caesars Rewards and iRush Rewards.
New york sports betting law
The law around sports betting in New York has changed, with residents now able to bet on sports both in person and online. In person, you can bet at a handful of upstate casinos, but the casinos are quite far away from New York City and not practical for most people. For those in the city, the best option is to bet online through one of the many legal sports betting apps. You must be over the age of 21 to participate in any form of NY sports betting. Mobile sports betting launched in January 2022.
FAQ
What types of bets can I make?
You can bet on all sorts of things, including the outcome of a game, who will score the first points, and so on. There are many different types of bets you can make, so it’s best to do some research before you start betting. You can also find plenty of information on the websites of the various sportsbooks.
How do I know if a sportsbook is legal?
In New York, all sportsbooks must be licensed by the state. You can check with the New York State Gaming Commission to see if a sportsbook is licensed.
What if I want to bet on a horse race?
Horse racing betting is available at some of the upstate casinos, as well as online through various sportsbooks. Horse racing betting is not currently available at OTBs in New York.
How much tax will I have to pay on my winnings?
Your winnings are subject to federal and state taxes. The exact amount you’ll have to pay will depend on your tax bracket.
What if I want to bet on a college team?
You can bet on college teams, but only if the game is taking place outside of New York state. You cannot bet on any college teams that are based in New York.
Can I bet on an eSports event?
Yes, you can bet on eSports events through various sportsbooks.
What if I have a problem with a sportsbook?
If you have a problem with a sportsbook, you can file a complaint with the New York State Gaming Commission.
Summary about betting in NY
As you can see, the law around sports betting in New York has changed, with residents now able to bet on sports both in person and online. In person, you can bet at a handful of upstate casinos, but the casinos are quite far away from New York City and not practical for most people. For those in the city, the best option is to bet online through one of the many legal sports betting apps. You must be over the age of 21 to participate in any form of NY sports betting. Mobile sports betting launched in January 2022.
With so many options now available, there’s never been a better time to start placing bets on your favorite teams. Just remember to do your research and always bet responsibly.
