New York Sports Betting in 2025 – Compare the Top 7 NY Online Sportsbooks
Written by Aleksandar Simonovski
Updated: 04:51 am EST, 21/10/2024
In April 2021, regulated betting apps in New York were made available after Governor Andrew Cuomo gave his approval as part of New York’s 2022 legislative budget. New York quickly emerged as the US’s most prominent state-regulated sports betting market.
We, however, suggest considering the top offshore sports betting sites accessible in New York because they offer more generous bonuses, improved banking options, and various other advantages. Discover everything you need to know about playing legally offshore, including details on bonuses, various types of bets, and much more here.
Sports Betting NY at a Glance 2025
Below is an overview of the current New York gambling landscape.
|
Category |
Details |
|
Online Sports Betting |
✅ |
|
Legal Since |
Jan. 8, 2022 |
|
State Population |
20 million |
|
Retail Sports Betting |
✅ |
|
Legal Sports Betting Age |
21 |
|
College Sports Betting |
✅ (out-of-state only) |
|
Horse Racing Betting |
✅ |
|
DFS |
✅ |
|
Esports Betting |
❌ |
Best New York Sportsbooks and Betting Sites 2025
Let’s overview the best New York sportsbooks for quick reference.
- BetOnline – Regular bonus offers, fantastic odds, and an impressive sign-up promotion at the top NY sportsbook.
- BetWhale – Provides extensive prop bets and the latest New York sports betting lines ahead of some competitors.
- Sportsbetting.ag – A variety of promotions, odds with reduced juice, and even parlay insurance for NFL bettors in NY.
- TG.Casino – This cutting-edge platform offers fantastic ETH bonuses to NY bettors and exceptional live betting.
- BetUS – Perfect for experienced gamblers in New York seeking generous betting limits and exceptional odds.
- MyBookie – Excellent choice for New Yorkers placing bets on political events and entertainment.
- BUSR – Enjoy generous welcome bonuses, regular boosts to odds, and access to over 30 diverse betting markets in NY.
Why Compare NY Online Sportsbooks for Bettors?
For bettors in New York, the abundance of online sportsbooks presents a plethora of choices, each with its unique offerings, odds, and user experiences. Comparing these platforms is vital for several reasons.
Firstly, it helps bettors find the best odds, maximizing potential returns on their wagers. Secondly, understanding the differences in features, such as live betting, streaming options, and the variety of available sports, enables bettors to choose a sportsbook that best fits their preferences. Additionally, evaluating bonuses, promotions, and customer service quality can significantly enhance the betting experience and impact bettors’ loyalty to a sportsbook.
Purpose of Our New York Sports Betting Guide
This outline is dedicated to comparing the top NY online sportsbooks, aiming to provide an insightful and comprehensive guide for bettors in New York. By evaluating key aspects, such as betting options, user interface, promotions, payment methods, and customer support, we seek to equip bettors with the knowledge to make informed choices. Whether you’re a seasoned bettor or new to the scene, this guide will help you navigate the vibrant and competitive landscape of New York’s online sports betting industry with confidence.
Is Sports Betting Legal in New York? – The Legal Landscape
The journey towards legalizing mobile sports betting in New York via US operators began following the 2018 Supreme Court decision overturning the Professional and Amateur Sports Protection Act (PASPA). This granted states the authority to legalize sports wagering. New York pre-emptively passed a 2023 law allowing sports betting at four upstate casinos, anticipating PASPA’s repeal.
Following the Supreme Court’s decision, it wasn’t until July 2019 that sports betting officially commenced at these locations. The leap to online sports betting took longer, requiring additional legislative approval and regulatory frameworks to be established.
It wasn’t until April 2021 that a significant breakthrough occurred, with the state budget including provisions for online sports betting. The first online bets were placed in January 2022, marking the start of a new era for New York sports bettors.
Another option for legal sports betting in New York is using offshore sportsbooks like those we promote. These are licensed by stringent international gambling authorities and are not subject to US gambling laws.
New York Sports Betting Legal Framework for Online Betting
In New York, the Department of Gaming oversees the regulation of online sports betting via US operators in the state. The current legal framework permits a select number of licensed operators to offer online sports wagering services to individuals within the state’s borders.
To participate, bettors must be at least 21 years old and physically located in New York, verified through geolocation technology. Conversely, offshore operators do not require you to be in the state of New York to bet. The state has employed a model incorporating physical sportsbook venues and online wagering platforms, broadening the accessibility and convenience for bettors across New York.
Key Regulations and Licensing Requirements
The regulatory environment for online sports betting in New York is designed to ensure fair play, consumer protection, and integrity within the sports wagering ecosystem. Key regulations include stringent requirements for operator licensing, responsible gambling measures, and the integrity of sporting events. License applicants are meticulously vetted, with criteria covering financial stability, operational history, and a demonstrated commitment to responsible gambling practices.
Additionally, sports betting operators are required to pay a one-time licensing fee and contribute a portion of their revenues to the state in taxes. These stipulations are part of New York’s comprehensive approach to managing the complexities of legalized sports betting. Never fear if betting offshore, as the international platforms we promote are licensed by longstanding and respected governing bodies in locations such as Curacao and Malta, also ensuring the integrity of their betting offerings.
Factors to Consider When Evaluating Online Sportsbooks
Choosing the right online sportsbook is crucial for bettors in New York. It involves looking beyond the surface to evaluate various aspects that affect your betting experience. Below are key factors to consider:
User Experience and Interface
The design and usability of a sportsbook’s website or app play a significant role in the betting experience. A user-friendly interface ensures that bettors can quickly find their preferred sports, place bets, and manage their accounts without hassle. An intuitive user experience enhances satisfaction and minimizes frustration, allowing users to focus on their betting strategies rather than struggling with cumbersome navigation.
Features like seamless account management and responsive design are crucial. A well-designed interface also incorporates accessibility standards, ensuring users with disabilities can engage fully with the platform.
Available Sports and Betting Markets
A diverse range of betting markets is essential for providing bettors with options. This diversity allows bettors to explore choices and find niches that suit their interests and expertise. It’s important to choose sportsbooks that offer a broad selection of sports, covering major leagues and events, as well as niche sports that might not be as widely followed.
Additionally, varied betting types such as moneyline, point spread, totals, prop bets, futures, and live betting enhance the experience. Comprehensive coverage of various sports markets ensures that bettors always have something to wager on, keeping the excitement alive.
Odds and Pricing Competitiveness
The odds offered by sportsbooks directly impact the potential payout for bettors, making this a crucial consideration. It’s beneficial to compare odds across different platforms to ensure you’re getting the best value for your bets. Competitive pricing can significantly enhance returns.
Monitoring odds fluctuations and leveraging the best available odds at the right moments can substantially improve long-term profitability. Additionally, some sportsbooks offer odds boosts or special pricing promotions, which can provide additional value to bettors.
Bonuses and Promotions
Bonuses and promotions can significantly enhance the betting experience, providing additional value through free bets, deposit matches, or risk-free bets. To maximize benefits, it is important to evaluate the offer’s terms and conditions, such as wagering requirements, expiration dates, and eligible markets.
A good sportsbook will offer various promotions to attract new users and retain existing ones, including welcome bonuses, loyalty programs, weekend specials, and referral incentives. These bonuses provide extra funds to bet with and encourage users to explore different betting markets and strategies.
Mobile Betting Options
With the increasing prevalence of mobile betting, having access to a robust mobile platform or app is a must for any serious sportsbook. The best sportsbooks offer full functionality on their mobile versions, allowing users to place bets, deposit funds, and access customer support on the go. Mobile sports betting platforms should be optimized for various devices and operating systems to provide a seamless and responsive experience.
Features like live streaming, in-play betting, and push notifications add value by keeping users engaged and informed. Moreover, managing accounts, viewing betting history, and executing transactions securely on mobile devices is essential for modern bettors.
Payment Methods and Security
Security is paramount in online betting, and reputable sportsbooks offer secure transactions and protect personal data through advanced encryption technologies and stringent security protocols. Additionally, providing a variety of payment methods, including credit cards, bank transfers, prepaid cards, and even cryptocurrencies, ensures convenience and accessibility for all bettors.
Quick and hassle-free deposits and withdrawals enhance user satisfaction, while transparent policies regarding fees and processing times build trust. Furthermore, sportsbooks should comply with regulatory standards and be licensed by recognized authorities to ensure a safe and fair betting environment.
Customer Support
Effective customer support enhances the betting experience by offering assistance and resolving issues promptly. Multiple support channels, such as live chat, email, and phone, along with quick response times, indicate a sportsbook’s commitment to its users. Comprehensive FAQs, helpful resources, and responsive social media channels can also provide valuable support.
Good customer service ensures that any problems or queries are addressed swiftly, reducing downtime and frustration for bettors. Moreover, support should be knowledgeable and able to assist with a range of issues, from account management and technical difficulties to betting rules and responsible gambling practices.
Comparison of Top 10+ NY Online Sportsbooks
In the competitive landscape of online sports betting in New York, the best offshore sportsbooks distinguish themselves through a combination of the aforementioned factors. Here, we’ve compiled a comprehensive comparison of leading online sportsbooks available to New York bettors, evaluating each based on these critical aspects.
1. BetOnline – The Top NY Sportsbook
BetOnline stands as a premier destination for avid gamblers, offering an extensive range of betting options catering to various preferences. Its user-friendly interface and commitment to fair play have positioned it as a trusted name in the online sports betting market. Here, bettors find not just a platform but a community where gaming meets excitement and strategy.
Features
- Extensive Range of Betting Markets: BetOnline offers bets on a vast array of sports, including football, basketball, baseball, esports, and more.
- Live Betting: Provides dynamic in-play betting options, allowing users to place bets on events as they unfold, adding to the excitement and potential for profit.
- Competitive Odds: With some of the best odds in the market, BetOnline ensures bettors get great value, increasing the potential for higher returns.
- User-Friendly Interface: The site boasts an intuitive interface that makes navigation and placing bets straightforward, catering to both beginners and experienced bettors.
- Robust Mobile Platform: A fully optimized mobile site enables betting on the go, ensuring users don’t miss out on placing crucial bets.
- Secure and Varied Payment Options: Offers a wide range of secure payment methods, including cryptocurrencies and credit cards, catering to a diverse user base.
- Exceptional Customer Support: Dedicated 24/7 customer service via live chat, email, and phone, ensuring all queries and issues are addressed promptly.
Pros
- Wide Selection of Sports and Betting Types: Catering to all types of bettors with a comprehensive selection of sports and bet types.
- Frequent Bonuses and Promotions: Regular promotions, including welcome bonuses, reloads, and rebates, significantly enhance the betting experience and value.
- High Betting Limits: Attracts high rollers with its high betting limits, allowing for large wagers not accommodated by many competitors.
- Early Lines: Offers early betting lines, giving bettors the chance to capitalize on odds before they adjust to market movements.
- Privacy and Security: High emphasis on privacy and security with advanced encryption to protect user data and transactions.
- Fast Payouts: Known for its quick and hassle-free withdrawal process, ensuring bettors can access their winnings promptly.
- Crypto-Friendly: Supports multiple cryptocurrencies, providing anonymity, fast transactions, and low fees.
Cons
- Complex Bonus Terms: Some users might find the terms and conditions for bonuses and promotions confusing or hard to meet.
- Fees on Some Payment Options: While offering various payment methods, some come with transaction fees, particularly credit cards and bank wires.
- Variable Odds Quality: Although generally competitive, odds can vary, and bettors might find better value elsewhere for specific events.
- Limited Live Streaming Options: Unlike some competitors, BetOnline does not offer an extensive list of live-streaming sports events, which could enhance the live betting experience.
- Website Navigation: Some users may find the website’s layout overwhelming or cluttered, affecting the overall user experience.
- Customer Service Response Times: While generally effective, customer service response times can vary, especially during peak hours or high volume periods.
2. BetWhale – The Latest New York Sports Betting Lines
Features
- Innovative Betting Interface: BetWhale introduces a cutting-edge betting interface that enhances user engagement and simplifies the betting process.
- Comprehensive Sports Coverage: This platform covers a wide range of sports, from popular leagues like the NFL and NBA to niche sports, ensuring every bettor finds their match.
- Social Betting Features: Offers unique social betting options, allowing users to follow and match the bets of successful bettors within the community, fostering a sense of camaraderie.
- 24/7 Customer Support: Committed to excellence in service, BetWhale provides round-the-clock customer support through various channels, including live chat and email.
- Varied Payment Methods: Supports an extensive selection of payment options, including traditional bank transfers, credit cards, and several cryptocurrencies.
- Enhanced Mobile Experience: Delivers a superior mobile betting experience with a responsive design that ensures full functionality across all devices.
Pros
- User-Centric Design: The platform is designed with the user in mind, offering an intuitive user interface that significantly enhances the betting experience.
- High-Level Security Measures: Implements top-tier security protocols to protect user data and financial transactions, ensuring a safe betting environment.
- Competitive Betting Odds: Provides some of the best odds in the industry, maximizing potential returns for bettors.
- Extensive Bonuses and Promotions: Features a generous bonus system, including welcome offers, cashback, and loyalty rewards, providing added value to the betting journey.
- Rapid Market Updates: Updates betting markets swiftly, ensuring bettors have access to the latest odds and information.
- Flexibility in Betting Limits: Caters to all types of bettors by offering a broad range of betting limits, accommodating both casual players and high rollers.
- Global Accessibility: Available to bettors in a wide variety of jurisdictions, making it a global platform for sports betting enthusiasts.
Cons
- Complex Verification Process: The account verification process can be tedious and time-consuming, potentially deterring new users.
- Occasional Lag in Live Betting: Some users may experience a delay in the live betting feature during peak times, affecting the timeliness of bets.
- Limited Live Streaming: Though offering some live streaming options, the selection is less extensive than some of its competitors.
- Promotion Wagering Requirements: The wagering requirements for promotions and bonuses can be stringent, making it challenging for less frequent bettors to benefit.
- User Interface Learning Curve: New users might find the innovative interface overwhelming at first, requiring a period of adaptation.
- Withdrawal Timeframes: While generally efficient, withdrawal times can vary based on the method used, with some options taking longer than desired.
3. TG.Casino – Fantastic ETH Bonuses
TG.Casino emerges as a thrilling online casino and sports betting destination, offering an exhilarating array of games and betting options. Catering to a global audience, the platform provides a safe, engaging, and diverse environment. With a focus on innovation and player satisfaction, TG.Casino stands out as a premier choice for online gaming and sports betting enthusiasts.
Features
- Vast Game Selection: TG.Casino boasts an impressive selection of games to complement sports betting.
- Advanced Security Features: Utilizes cutting-edge encryption and security protocols to safeguard information and financial transactions.
- Mobile Compatibility: Offers a seamless mobile experience, compatible with a wide range of devices.
- 24/7 Customer Support: Provides round-the-clock customer support with a dedicated team ready to assist with any queries or issues.
- Regular Promotions and Bonuses: Features enticing bonuses and promotions, enhancing the experience and offering added value.
- Loyalty Program: Rewards loyalty with exclusive benefits, bonuses, and perks, encouraging continued engagement with the site.
- Fast and Secure Payment Options: Supports a variety of payment methods, including credit cards, and cryptocurrencies.
Pros
- Diverse Options: With a broad selection of games, sports, and markets, TG.Casino caters to all types of players and bettors.
- User-Friendly Interface: The website’s design and layout offer intuitive navigation, making it easy.
- Generous Bonus Structure: Offers competitive bonuses and promotional offers that provide significant advantages.
- High-Level Security: Prioritizes player security with robust measures to ensure data protection and secure financial transactions.
- Customizable Gaming Experience: Allows users to personalize their experience with various settings and options.
- Responsive Customer Support: The commitment to customer service ensures prompt and effective support for any need or concern.
- Efficient Payout Process: Known for quick and hassle-free payouts, allowing users to easily access their winnings.
Cons
- Wagering Requirements on Bonuses: The bonuses come with wagering requirements that might be high, posing a challenge for players wishing to withdraw bonus winnings.
- Limited Live Dealer Games: While offering live dealer options, the selection may be narrower compared to other platforms.
- Occasional Slowdowns: During peak times, players might experience some slowdowns or delays in gameplay.
- Complexity of Loyalty Program: New players may find the loyalty program’s structure and benefits complex and difficult to understand initially.
- Withdrawal Limits: Certain withdrawal limits might be in place, potentially impacting high rollers or big winners.
- Promotional Offer Clarity: Some promotions may have terms and conditions that could be clearer, leading to confusion among players.
4. BetUS – Generous Betting Limits and Exceptional Odds
BetUS stands as a titan in the realm of online sports betting, particularly celebrated within the United States. It harmoniously blends a rich assortment of sports betting options with high-caliber casino games, catering to a diverse range of gambling enthusiasts. Recognized for its user-friendly interface and competitive odds, BetUS is committed to providing a top-notch sports betting experience.
Features
- Comprehensive Sportsbook: BetUS offers extensive betting options across a wide range of sports including football, basketball, baseball, MMA, and more.
- Casino Gaming: Beyond sports, the platform features a full-fledged casino with slots, table games, and live dealer options, appealing to those seeking a Vegas-like experience online.
- Live Betting: Real-time betting adds excitement to sporting events, allowing players to wager on games as they unfold.
- Mobile Betting: A fully optimized mobile site ensures bettors can place wagers and manage their accounts from any device, enhancing convenience and accessibility.
- Educational Resources: BetUS differentiates itself by offering valuable betting guides and sports news, assisting both novice and seasoned bettors in making informed decisions.
- Generous Bonuses and Promotions: New and existing players benefit from attractive bonuses and promotions, significantly enhancing the betting experience.
- Customer Service Excellence: Dedicated customer support is available around the clock, ensuring queries and issues are resolved promptly.
Pros
- Varied Betting Markets: Bettors have access to one of the industry’s most extensive selection of sports markets, providing limitless betting opportunities.
- User-Friendly Platform: The website’s design facilitates easy navigation, enabling users to effortlessly browse betting options and casino games.
- Strong Bonuses and Incentives: BetUS stands out for its lucrative sign-up bonuses and ongoing promotions, rewarding players’ loyalty and activity.
- Reliable Customer Support: Commitment to customer satisfaction is evident through their responsive and helpful customer service team.
- Enhanced Mobile Experience: The mobile-friendly website allows for seamless gaming and betting on the go, ensuring a top-quality user experience even from mobile devices.
- Safety and Security: BetUS employs stringent security measures to protect user data and transactions, creating a safe betting environment.
- Educational Content for Bettors: The availability of betting tips, guides, and news empowers bettors to make more informed decisions, enhancing the overall betting strategy.
Cons
- Bonus Wagering Requirements: The attractive bonuses come with wagering requirements that some may find steep, affecting the ease of bonus winnings withdrawal.
- Limited Payment Options: Compared to competitors, the variety of deposit and withdrawal methods may be limited for some players.
- Bet Limits: Certain betting limits might restrict high rollers or those looking to place larger bets on less popular events.
- Occasional Odds Discrepancy: Some users have noted discrepancies in odds compared to other leading sportsbooks, potentially impacting betting strategies.
- Withdrawal Times: While generally efficient, some withdrawal methods can experience delays, leading to longer wait times for accessing funds.
- Promotional Clarity: The terms and conditions attached to promotions and bonuses can sometimes be unclear or challenging to understand for new users.
5. MyBookie – Bets on Political Events and Entertainment
MyBookie stands as a versatile online betting platform, appealing to gamblers who appreciate a wide array of betting options. It’s recognized for its user-friendly interface, facilitating easy navigation across its extensive sportsbook and casino offerings. Dedicated to providing an inclusive betting environment, it permits users to bet on virtually anything, anytime, and from anywhere.
Features
- Expansive Sportsbook: MyBookie offers a comprehensive range of sports betting options, from major league sports to niche markets.
- Dynamic Casino Games: The platform features an impressive selection of casino games, including slots, table games, and live dealer experiences.
- Innovative Betting Types: Unique betting options, such as prop bets and futures, augment the traditional betting experience, offering fresh ways to engage.
- Enhanced Mobile Compatibility: MyBookie’s mobile-optimized site ensures a seamless experience for users on smartphones and tablets, enabling betting on the go.
- Fast and Secure Transactions: The site offers a variety of secure banking options for deposits and withdrawals, ensuring quick and safe transactions.
- Customer Support Excellence: Round-the-clock customer service is available via live chat, email, and phone, guaranteeing assistance whenever needed.
- Attractive Bonuses and Promotions: Generous welcome bonuses, reload offers, and other promotions significantly enhance the betting value for both new and returning players.
Pros
- Wide Range of Betting Markets: MyBookie’s diverse sportsbook and betting markets satisfy innumerable sports betting preferences.
- User-Friendly Website Interface: The platform’s design and navigation are straightforward, making it accessible even for beginners.
- Competitive Odds: Offering some of the most competitive odds in the industry maximizes potential returns for bettors.
- Extensive Casino Game Selection: A vast selection of casino games rivals the variety found in physical casinos, providing an immersive gambling experience.
- Mobile Betting Flexibility: The fully optimized mobile site ensures that users can place bets and access the casino from any location.
- Dependable Customer Service: The commitment to customer satisfaction is evidenced by their responsive and knowledgeable support team.
- Robust Security Measures: High-level encryption and security protocols protect users’ data and financial transactions, ensuring a trusted betting environment.
Cons
- Bonus Wagering Requirements: High wagering requirements for bonuses may deter players from taking full advantage of promotional offers.
- Payment Method Limitations: The range of available payment options may be narrower than what’s offered by competitors, potentially inconveniencing some players.
- Betting Limitations: There may be restrictions on betting sizes, particularly on less popular sports or events, affecting betting strategies for some.
- Inconsistent Live Betting Options: The availability and variety of live betting options can sometimes vary, offering less consistency compared to other platforms.
- Delayed Withdrawal Processes: Depending on the chosen withdrawal method, users might experience delays in receiving their funds.
- Complexity of Promotional Terms: The detailed terms and conditions for bonuses and promotions can be intricate and difficult for some users to fully comprehend.
Best New York Sports Betting Sites Compared
We have included a concise comparison of the top seven NY sports betting websites below.
|
Sportsbook |
Sports Bonus |
Promo Code |
Number of Sports |
Live Betting |
Live Streaming |
Parlays |
Same Game Parlays |
|
BetOnline |
50% up to $1,000 |
BET1000 |
25+ |
✅ |
❌ |
✅ |
✅ |
|
BetWhale |
125% up to $1,250 |
WHALECOME |
15+ |
✅ |
❌ |
✅ |
✅ |
|
Sportsbetting.ag |
100% up to $500 on Your First Two Deposits |
DOUBLEUP |
25+ |
✅ |
❌ |
✅ |
✅ |
|
TG.Casino |
Instant 200% Bonus up to 10 ETH |
N/A |
40+ |
✅ |
❌ |
✅ |
✅ |
|
BetUS |
125% Sign Up Bonus up to $2,500 + up to 30 Risk Free Bets |
JOIN200 |
25+ |
✅ |
❌ |
✅ |
✅ |
|
MyBookie |
50% up to $1,000 + $10 Casino Chip |
MYB50 |
30+ |
✅ |
✅ |
✅ |
✅ |
|
BUSR |
100% up to $2,500 on Your First Deposit |
SPORTS100FP |
25+ |
❌ |
✅ |
✅ |
✅ |
Is Sports Betting Legal in New York?
Sports betting in New York became a regulated industry following the Supreme Court’s decision in 2018 to overturn the Professional and Amateur Sports Protection Act (PASPA). Today, it stands as a fully legal activity within the state.
Initially, bets could only be placed in person at a handful of licensed casinos. However, New York took a significant leap forward in January 2022 when it launched online sports betting.
This move allowed several licensed operators to offer their services digitally, expanding access and convenience for bettors. This regulatory environment ensures that participants are engaging in a safe and fair betting atmosphere under the oversight of the New York State Gaming Commission.
Additionally, online betting in New York is available through reputable offshore sportsbooks that are internationally regulated, ensuring a legal and secure experience. This provides a highly competitive market with a wide range of options, attractive bonuses, and improved odds, along with numerous other advantages.
New York Sports Betting Bills
Legalizing online sports betting in New York came after several failed attempts by lawmakers to introduce legislation. The first bill was introduced in 2013, but significant progress was made only after the Supreme Court’s decision.
Today, multiple bills related to legal sports betting are in circulation, including Senate Bill S7364 and Assembly Bill A6768. These bills seek to expand the licenses for online sports betting and allow tribal casinos to participate in the market.
Are There Land-Based Betting Options in NY?
Yes, New York offers multiple land-based betting options for those who prefer to place their bets in person. These include licensed casinos such as the Resorts World Catskills and the Del Lago Resort & Casino, which offer sportsbooks on-site. The Seneca Nation also operates several casinos with sports betting options available.
Timeline for New York Online Sports Betting
- January 2023: A new bill, S1962, has been introduced. This bill aims to amend the definition of a wager and make changes to the licensing requirements for mobile sports wagering operators.
- April 2021: Online sports betting in New York is legalized, and the approval forms part of the legislative budget. New York will charge online sportsbooks a tax rate of 51%. The onus is now on the New York State Gaming Commission to prepare for the launch of the online market.
- March 2020: An effort is being made to legalize online sports betting through the reintroduction of the SB 17D bill. Senator Joseph Addabbo initially introduced the bill in May 2019. Unfortunately, the bill fails to move forward due to the worldwide Covid-19 pandemic and political differences.
- June 2019: Governor Andrew Cuomo signs legislation allowing sports betting. Sports betting is nonetheless limited to retail sportsbooks in upstate casinos.
- May 14, 2018: The US Supreme Court has overturned the Professional and Amateur Sports Protection Act of 1992 (PASPA). Individual states have the authority to legalize sports betting within their borders.
New York Sports Betting Taxation
Understanding the tax implications of sports betting and other forms of gambling is essential for New Yorkers who wager on sports. Net winnings must be reported to the IRS, just like any other annual financial gain. State taxes are also imposed on gambling winnings in New York.
In states where gambling is authorized, sportsbooks report wagerers’ net annual income to the IRS and issue W-2G forms. In some instances, taxes are deducted from winnings that surpass a specific threshold before withdrawal. Tracking your yearly results can provide valuable insights into your current position and shed light on any responsibilities you may have.
Even though the IRS requires US citizens to report all gambling income, offshore sportsbooks will not disclose your winnings to the IRS or state, withhold taxes, or provide you with a W-2G form. Thus, individuals who engage in gambling must keep track of their yearly profits or losses and submit tax returns accordingly.
Popular Sports for New York Sports Betting
New York is a sports-loving state, and there is no shortage of options for bettors. The state’s vibrant sports culture offers many opportunities for betting enthusiasts to engage with their favorite sports. Let’s explore some of the most popular sports to bet on in New York:
Football
Football remains one of the most popular sports to bet on in New York, with the NFL and college sports drawing in numerous bets each season. The excitement builds as fans passionately support their local teams, such as the New York Giants and the New York Jets.
Bettors often place wagers on the outcomes of regular-season games, playoff matchups, and the highly anticipated Super Bowl. Additionally, college football brings its own set of thrilling betting opportunities, with intense rivalries and bowl games that capture the attention of many.
Basketball
NBA games are another major attraction for bettors in New York. The state’s rich basketball history and the presence of iconic teams, including the New York Knicks and Brooklyn Nets, add to the excitement of betting on basketball games. From regular-season matchups to the thrill of the NBA Finals, bettors can engage with the sport in various ways, including player props, point spreads, and over/under bets. College basketball, with its electrifying March Madness tournament, also offers numerous betting opportunities.
Baseball
With baseball being America’s pastime, it’s no surprise that MLB games are popular for sports betting in New York. The long season offers numerous betting opportunities, from spring training through to the World Series.
Fans of the New York Yankees and the New York Mets can place bets on various aspects of the game, including moneylines, run totals, and prop bets. The strategic nature of baseball and the individual performances of players make it a compelling sport for bettors.
Hockey
NHL games also attract considerable betting interest, especially given New York’s enthusiastic hockey fan base. The New York Rangers, New York Islanders, and Buffalo Sabres have dedicated followings, and their games attract considerable betting interest from state college teams, too.
Bettors engage with hockey throughout the regular season and the highly anticipated Stanley Cup playoffs. The fast-paced action and unpredictability of hockey make it an exciting sport for wagering.
Soccer
Soccer, particularly MLS and international competitions, has grown in popularity among New York bettors. The sport’s global nature offers a wide variety of betting options throughout the year.
Fans of New York City FC and the New York Red Bulls can bet on their favorite teams in MLS matches. International tournaments like the World Cup and the UEFA Champions League provide additional wagering opportunities. Soccer’s growing presence in the US has made it a staple in the betting community.
Tennis
The four Grand Slam tournaments and various ATP and WTA events make tennis a popular sport for betting. The US Open, held annually in New York, receives a lot of attention from local bettors. Tennis offers unique betting opportunities, such as match winner bets, set betting, and live in-play betting. The individual nature of the sport and the high-stakes matches make it a thrilling option for those looking to place bets.
Golf
Golf tournaments, especially the Majors, attract considerable betting interest in New York. Events like The Masters, US Open, The Open Championship, and PGA Championship offer numerous betting opportunities, from outright winners to top finishes and head-to-head matchups. The sport’s individual and unpredictable nature adds an extra layer of excitement to betting, with each tournament presenting its own set of challenges and stories.
Boxing and MMA
Combat sports such as boxing and MMA, including events like those put on by the UFC, are popular among bettors looking for intense, high-stakes action. Major fights featuring top contenders and championship bouts draw significant betting attention.
Bettors can wager on various aspects of the fights, including the method of victory, round betting, and total rounds. Combat sports’ adrenaline-pumping nature makes them a favorite among those seeking thrilling betting experiences.
Local Teams in NY to Bet on
New York is home to diverse sports teams, offering local bettors many options for placing wagers. Here are some of the critical local teams that attract significant betting interest:
New York Yankees (MLB)
The Yankees are one of the most iconic baseball teams in history. They boast a rich legacy and a trophy cabinet laden with World Series titles. Their games are a focal point for MLB betting, drawing attention from bettors drawn to the team’s winning culture and star-studded lineup.
New York Mets (MLB)
While the Mets’ history is more turbulent than that of their Bronx counterparts, they hold a special place in the hearts of their fans. The team’s passionate supporter base and moments of brilliance make it an interesting option for bettors looking for value and excitement.
New York Giants (NFL)
The Giants are a storied franchise in the NFL, with multiple Super Bowl titles to their name. Betting on the Giants is popular among New York sports fans, who follow the team’s fortunes closely through each season’s ups and downs.
New York Jets (NFL)
Though their history is less decorated than the Giants’, the Jets have a loyal fan base that dreams of the team returning to its former glory. Betting on the Jets often involves considering the underdog, which can offer enticing odds and the potential for significant returns.
New York Knicks (NBA)
The Knicks, playing in the iconic Madison Square Garden, carry the hopes of New York basketball with them each season. Despite a lengthy championship drought, betting interest remains high, with fans eager for a return to the top of the NBA.
Brooklyn Nets (NBA)
The Nets have risen to prominence recently, partly thanks to high-profile player acquisitions. This has heightened interest in the team’s performances in betting circles, where the Nets are often seen as strong contenders.
New York Rangers (NHL)
A team with a rich history and one of the NHL’s “Original Six,” the Rangers command a large following and significant betting interest. Fans and bettors alike closely watch their quest for Stanley Cup success each season.
New York Islanders (NHL)
With a passionate fan base and a history of success in the late ’70s and early ’80s, the Islanders are a prominent part of New York’s hockey landscape. Bettors often keep a keen eye on the team, especially during postseason runs.
New York City FC and New York Red Bulls (MLS)
Both teams have carved out their own niches in New York’s soccer landscape, with NYCFC playing in Yankee Stadium and the Red Bulls in New Jersey. The growing popularity of soccer in the US has seen increased betting activity on both MLS teams, particularly during the playoffs and local derbies.
Types of Bets at NY Online Sportsbooks
New York’s online sportsbooks offer a wide variety of betting options catering to both novice and experienced bettors. Understanding these various bet types is crucial for anyone looking to engage in sports betting effectively. Here’s an overview of common wager types available:
Moneyline Bets
Moneyline bets are straightforward wagers on which team or player will win a specific game or event. This type of bet is popular due to its simplicity, making it a good starting point for beginners.
Spread Betting
Spread betting involves betting on the difference in points between the winning and losing team or player. Sportsbooks set a “spread,” and bettors can wager on whether the favored team will win by more than the spread or if the underdog will lose by fewer points or win outright.
Total (Over/Under) Bets
Total bets, or over/under bets, revolve around the total number of points, runs, goals, or any scoring metric in a game. Bettors wager on whether the total will be over or under a number set by the sportsbook.
Parlay Bets
Parlays allow bettors to combine multiple bets into a single wager, offering the chance to win higher payouts. However, all selected bets (legs) must win for the parlay to pay out, increasing the risk.
Prop Bets
Proposition bets, or prop bets, are wagers on specific events that may not directly influence the game’s outcome. These can range from betting on which player will score first, to how many strikeouts a pitcher will throw, or even game-specific occurrences like the coin toss in a football game.
Futures Bets
Futures bets involve wagering on the outcome of future events, such as which team will win a championship or how many games a team will win throughout a season. Due to the difficulty of predicting long-term outcomes, these bets can offer substantial payouts.
Live Betting
Live betting, or in-play betting, allows bettors to place wagers on games as they happen. Odds fluctuate in real-time based on the unfolding action, offering dynamic and engaging betting opportunities.
Banking Options at New York Sportsbooks
When it comes to managing funds with online sportsbooks in New York, bettors are afforded a variety of convenient banking options. These methods ensure seamless deposits and withdrawals, facilitating a smooth betting experience. Here’s a look at some of the most widely accepted banking methods:
Credit and Debit Cards
Most New York sportsbooks accept major credit and debit cards such as Visa, MasterCard, and American Express. This method is preferred by many for its simplicity and immediacy of deposits. Users can quickly and easily add funds to their accounts without having to navigate through multiple steps or third-party services.
E-Wallets
E-wallets like PayPal, Skrill, and Neteller offer another layer of security and privacy, as they do not require bettors to share their banking details directly with sportsbooks. Transactions are usually quick, making e-wallets a popular choice. It is worth noting that offshore sportsbooks often do not accept these options.
Bank Transfers
Direct bank transfers are a reliable way to deposit and withdraw funds, though they may take longer than other options. Many bettors use this method for larger transactions, as it typically allows for higher limits compared to other deposit methods. While the process might be slower, it is often seen as safer and more straightforward for those who prefer traditional banking methods.
Prepaid Cards
Prepaid cards, including sportsbook-specific cards and others like Paysafecard, provide a convenient and controlled way to fund betting accounts without a bank account or credit card. These cards can be purchased in various denominations and used to deposit a set amount of money, which helps in budgeting and controlling spending. They are ideal for those who do not wish to link their personal banking details to their sportsbook accounts.
Bonuses at New York Sports Betting Sites
Bonuses and promotional offers play a crucial role in attracting new customers and retaining existing ones at New York online sportsbooks. Here’s a detailed breakdown of common bonus types you may encounter:
Welcome Bonuses
Almost every New York sportsbook offers a welcome bonus to new customers, usually in the form of a first deposit match or a risk-free bet. Deposit matches provide bettors with bonus funds based on a percentage of their initial deposit, often ranging from 50% to 100%, thereby increasing the betting budget for newcomers.
Risk-free bets, on the other hand, offer a refund if the first wager loses, allowing new users to place their first bet with a safety net. This risk mitigation encourages new bettors to place their first wagers without fear of immediate loss.
No Deposit Bonuses
A no-deposit bonus gives new users a small amount of betting credit just for signing up, with no need to make an initial deposit. This allows bettors to try the platform with no financial commitment, making it easier for them to explore different betting options and features. While the amounts are typically lower than other bonuses, they provide an excellent opportunity to experience the sportsbook’s offerings risk-free.
Free Bets
Free bets are credits that can be used to place a wager without risking personal funds. These are often awarded as part of promotional campaigns or loyalty programs.
Winnings from free or bonus bets often exclude the stake, meaning you keep the profits but not the amount wagered. This type of bonus is particularly popular because it provides an opportunity to win real money without the initial financial outlay.
Reload Bonuses
To encourage continued engagement, sportsbooks may offer reload bonuses to existing customers, providing extra funds on subsequent deposits. These are usually offered during special events, holidays, or as part of a loyalty program to maintain user interest. Reload bonuses typically match a percentage of the additional deposit, similar to welcome bonuses, thereby giving bettors an incentive to continue investing in their sportsbook accounts.
Odds Boosts
Odds boosts enhance the potential return on specific bets by increasing the odds for a limited time. This can make bets on underdogs or particular events more attractive by offering higher returns than usual. Sportsbooks regularly update odds boosts on various sports and markets, providing bettors with exciting opportunities to maximize their potential winnings.
Referral Bonuses
Referral bonuses reward existing customers for bringing new players to the sportsbook. Typically, the referrer and the referred friend receive a bonus once the new user meets certain criteria, like making a deposit or placing a bet. This not only helps the sportsbook expand its user base but also fosters a community of engaged and loyal customers who benefit from sharing their positive experiences.
Loyalty and VIP Programs
Loyalty or VIP programs reward regular bettors with points, tier levels, and exclusive perks. These can include personalized promotions, higher deposit and withdrawal limits, dedicated customer service, and invitations to special events.
By accumulating points through regular betting activity, users can advance through different loyalty tiers, unlocking more significant benefits and rewards. VIP programs are designed to provide the most dedicated users with a premium betting experience, ensuring they receive the best possible service and incentives.
Conclusion
New York provides a wide range of sports betting options, ensuring that fans and bettors with various interests are well taken care of. With a diverse range of sports to wager on, including football, basketball, and soccer, the possibilities for excitement and potential winnings are endless. If you have experience in sports betting or are just starting out, we highly recommend BetOnline as the top choice among our recommended sportsbooks.