New York Sports Betting Guide – Sports Wagering in the Big Apple! 2024

Our New York sports betting guide will be plenty useful for anyone looking to wager online in this great city. While doing so may be a new experience for many New Yorkers, w෴e think quite a few will be surprised by the scope and standards of what’s out there already🦩.

Where Can I Place Sports Bets in New York?

Is Online Sports Betting Legal in New York?

Yes, you may legally bet on sports leagues and events in the state of New York, on mobile as well as desktop. This has been the case since January 2022, when the first four online sportsbooks opened their virtual doors. These included FanDuel, C𝓡aesars, DraftKings and BetRivers, and they have been joined by several other top names sinc♈e then.

So, what's the story behind this?

Things started with the Supreme Court ruling in 2018, which allowed individual states to legalize betting online wit🐈hin their jurisdiction. Sports betting in New York was actually , so, following the lifting of the federal ban, the wheels to move things along were already in mot🌜ion.

Do note, however, that a betting site isn’t necessarily legal in the state as a result of these rulings. Operators must also adhere to certain regulations and be licensed by the New York State Gaming Commission specifically to be considered fully legitimate.

A Timeline for Retail and Online Sports Betting in New York

1967 – The New York Lottery begins again, marking the beginning of modern gambling history in the state. While the origins of betting in New York actually date back to the lotteries of Jamestown in the 1600s, the Big Apple actually became𒅌 the first state to ban them in 1833. This is when the ꧂city welcomed back gambling after centuries and paved the way for the options we see today.

1970 – Off-track betting – that is, the sanctioned wagering o🦩n racing (either greyhound or horse) outside an actual race track – becomes the first form of sports betting legal in the state of New York.

2013 – New York decides to officially legalize sports betting on a state level. However, sports betting was broadly illegal on a federal level due to the passing of the “Professional and Amateur Sports Protection Act” (PASPA) in 1992. What𒁃 this therefore meant was that sports betting in New York would be legal automatically if the federal ban were lifted.

2018 – PASPA is finally overturned on May 14th, 2018,🌞 doing away with any federal restrictions on sports betting.

2019 – The first fruits of the change in the law are seen with the opening of The River Sports at Rivers Casino o😼n July 16th, 2019 in Schenectady. Many more have since followed

2022 – In January of this year, the first sportsbook in New York was expected✃ to go online legally. However, the COVID-1☂9 pandemic delayed things, meaning the New York Gaming Commission spent 2021 finalizing regulations, rules, and licensing criteria before launch day could finally go ahead.

2023 💞– By the end of the year, New York ranked third all-time in total sports betting handle across the US having collected the most taxes ($1.5b more than any other state) across the country. The state regularly topped $1bn in monthly sports betting handle.

2024 – 📖Fanatics sportsbookღ becomes the ninth online sportsbook to launch in New York.

Sports Betting Revenue and Taxation in New York

Taxes on New York sports betting are debated regularly, owing to the 51% tax rate on businesses for gross gaming revenue.

While there’s a strong possibility that things could change for sportsbooks, the individual tax rate is m🅷uch more likely to remain stable.

Presently, there are two tax rates you need to be aware of: a federal tax rate of 24%, and an additional state tax based on your annual income.

The tax rate for single New 💟Yorkers, or those who file individually, are as follows at the tim♊e of writing:

Earnings	Taxation Rate
$8,500 or under	4%
$8,501 – $11,700	4.5%
$11,701 – $13,900	5.25%
$13,901 – $21,400	5.90%
$21,401 – $80,650	6.09%
$80,651 – $215,400	6.41%
$215,401 – $1,077,550	6.85%
More than $1,077,550	8.82%

Do note that that this may differ for married couples filing jointly, and that🌸 you are only required to pay the tax rate above the minimum amount of that earnings bracket.

For example, you only pay 4.5% between the amount earned between $8,501 and $11,700, and anything earned less than that is charged at 4%. Winnings are to be reported via a W-2 F form, and you may deduct gambling losses if you itemize t♏hem on your tax returns.

The fairly hefty tax rates does often lead to impressive revenue hauls, and in May 2024, for the first time in 🗹over a year, New York’s sports betting revenue topped $200m.

Top Online Sportsbooks Reviewed

All three sites listed below get top marks from us. What will make the difference for you is how well they suit your own betting preferences. Remember too, whether it’s to sample more pro🐻motional goodies or to just utilize more betting options, you can also sign up to more than one without consequence.

DraftKings: A Site of Betting Greatness

DraftKings provide an astounding betting variety without ever droppi♐ng in quality.

This means,ꦡ for instance, that they are both an industry leader in fantasy as well as traditional sports.

Their daily fantasy sportsbook has new, exciting and creative contests every day, and you don’t even need to finish first to ༺win. In a nutshell, this bookmaker offers the most personalized version of fantasy gaming online, to the highest standards.

When it comes to traditional sports, you have a fantastic mix of classic American sports leagues favorites covered, like the Super Bowl and NBA F❀inals, alongside more obscure and international options. The latter covers everything from darts to lac🍌rosse, and MMA fans can find a home here.

In addition, you'll find exciting live markets backed up by sturdy technical performance. All this is further sweetened by lucrative promotional offers, which can providℱe odds boosts and parlay bonuses, to mention just a couple of examples.

BetMGM: Superb Choice for Newcomers

Those new to betting online often prioritize useability at the forefront of everything in order to make the most of what’s being offered. If you consider simplicity to be key, then look no further than BetMGM.

The site's slick and mature appearance reflect the operator's confident, professionally crafted experience, but also one with a soft side. Both the app and desktop site are impeccably designed, making navigation a breeze from registration all the way to withdra🎉wing your winnings.

And don’t just take our word for it – BetMGM are one of the most critically acclaimed sports operators in the world, with an astonishingly high score of up to 4.8 (at the time of writing) on the app stores.

This all provides the perfect platform for their terrific, odds generous selection of US-focused markets. Even these go above and beyond in the user experience, offering pre-made parlays for 💧you to check out. Beyond a simple sportsbook, BetMGM is a sports betting experience.

FanDuel: Jack-of-All-Trades

If DraftKings are No.1 when it comes to balancing out traditional sports wagering with the imaginative world of fantasy betting, then the awesome FanDuel are No.1A. They are sup💯erb at what they do, and bring so much creative, fun betting opportunities to New York sports betting fans.

FanDuel stands out for providing fantasy contests exclusively for beginners, and guiding you through that process as well. This means you are given an entertaining and affordable way of getting started. Afterwards, you can even take advantage of the many op🉐tions they have via daily and weekly contests.

On top of this, they offer a fantastic array of traditional sports, with horse racing and UFC markets being a couple of unexpected highlights. Above and beyond too are their FanDuel TV ser♏vices, which supplements their place as a great live betting site with 3ꦕ000 hours of live sport. They even provide exclusive news, picks, and predictions.

All the fundamentals are covered here too, with a secure and trustworthy reputation, bolstered by fair terms and accessible, helpful customer service. Everything including the banking process is a straightforward an𓆏d stress-free experience.

T🦂o sum up, FanDuel get all the important things right and then some.

Best Sports Betting Apps in New York

If you’re a New York sports bettor who enjoys placing wagers on the go, here’s why our recommendations a𝓀re ace on mobile too.

New York Sports Betting Promotions

Every site we have recommended in this article offers a dynamic range of promotions, ensuring a consist𓂃ently fresh and exciting experience.

Below is just a taster of what y🅠ou can exp𒐪ect. Bear in mind, however, that online betting bonuses are always subject to change, so it's a good idea to check back with your chosen bookmaker frequently to remain updated with what's available.

Meanwhile, FanDuel offers a sociable and generous refer-a-friend bonus. If you send a friend an invite link to the site, you and a friend can win $50 – as long as your friend makes a $10 bet within 30 days of signing up. You will receive the money within 72 hours.

Nothing beats a generous welcome bonus, and BetMGM cerꦇtainly excels in this aspect. Theirs is a first bet offer of up to $1000, where if your initial bet doesn♕'t win, you receive the money back as a free bet.

How Can I Sign-up for New York Sports Betting Sites?

New York sports bettors certainly aren’t short of options. There’s an array of retail locations to🀅 check out, with multiple online operators also now functioning in the state.

There aren’t t🌜o🎶o many limitations to betting in New York. You must be 21+, however.

1. Pick one of the avail🐼able online sportsbooks operating in New York.

2. Download tﷺhe bookmaker’s🎃 mobile app via the App Store or Google Play (iOS/Android).

3. Y🐭ou’ll be able to create a betting account if you’re 21 𒈔or over.

4. The bookmaker in 🐎question will have an array of payment options available, so depositing funds and taking advantage of their new customer offer shouldn’t be an issue.

5. Start placing sports wagers!

New York Sports Betting Laws and Regulations

New York didn’t immediately legalize sports betting following the overtu🅘rning of PASPA in 2018, meaning many New York-based sports bettors turned to the neighbouring New Jersey as a means of getting their gambling fix. Retail sportsbooks did open 🗹their doors in 2019, but the majority were located upstate and away from the densely populated New York City.

Howeve🌌r, in April 2021, with online sports bettinꦉg emerging at the start of 2022.

Nine sporꦇtsbooks subsequently ꧒launched in the Empire State, with each agreeing to pay 51% of their New York sports betting revenues in taxes.

You must be 21+ to place bets, with the law prohibiting bettors to place bets on New York high-school matches, as well as matches including Neꦺw York collegiate teams.

Election betting is als🍰o prohib🌸ited, as is wagering on entertainment markets such as the Oscars.

Legal Sports Betting Operators in New York

The US’ premier sportsbooks ent💟ered the Big Apple in 2022, with a total of nine bookmakers currently operating in the state of New York. Fanatics was the most recent sportsbook to open its doors in✨ February 2024. New York sports bettors can download the respective mobile apps of these bookmakers, or place bets at 11 retail locations in the state.

Online Sportsbooks in New York

Online Sportsbook	Debut	Licensing Partner
Fantics	February 2024	–
Caesars	January 2022	Points Place Casino
DrfatKings	January 2022	Del Lago Place Casino
FanDuel	January 2022	Tioga Downs
BetRivers	January 2022	Rivers Casino & Resort
BetMGM	January 2022	–
WynnBet	February 2022	–
Resorts World Bet	March 2022	–
Bally Bet	July 2022	–

Land-based Sportsbooks in New York

Venue	Address	Sports Betting	Online Betting	Off-track Betting
Del Lago Resort and Casino	1133 NY-414 Waterloo, NY 13165	Yes	Yes	No
Tiogo Downs Casino Resort	2384 W River Rd Nichols, NY 13812	Yes	Yes	No
Rivers Casino & Resort	1 Rush St Schenectady, NY 12305	Yes	Yes	No
Resorts World Catskills	888 Resorts World Dr Monticello, NY 12701	Yes	Yes	No
Seneca Allegany Casino	777 Seneca Allegany Blvd Salamanca, NY 14779	Yes	Yes	No
Seneca Buffalo Creek Casino	1 Fulton St Buffalo, NY 14204	Yes	Yes	No
Seneca Niagara Casino	310 4th St Niagara Falls, NY 14303	Yes	Yes	No
Akwesasne Mohawk Casino Resort	873 NY-37 Hogansburg, NY 13655	Yes	Yes	No
Point Place Casino	450 452 NY-31 Bridgeport, NY 13030	Yes	Yes	No
Turning Stone Resort Casino	5218 Patrick Rd Verona, NY 13478	Yes	Yes	No
Yellow Brick Road Casino	800 W Genesee St Chittenango, NY 13037	Yes	Yes	No

Best Local Sports Teams to Bet on in New York

New York is home to some of the most passionately supported franchises in the US across multiple sports, but such pop🐟ulari🐲ty hasn’t translated over to success.

There are two NFL franchises in the state, although both the Giants and Jets play their home games at MetLife Stadium, New Jersey. The Jets are regarded as the laughing stock of the NFL having failed to win a title since the 60s, while the venerated Giants are four-time Super Bowl champions. In 2008, they pulled off the greatest upset𝓀 arguably in the sport’s history by downing the unbeaten New England Patriots in Super Bowl 42.

The New York Knicks are just two-time NBA champions with their last title arriving in 1973. They enjoyed a successful era while Patrick Ewing was in town, too, but no title followed. The Brooklyn Nets are yet to win a championship.

The MLB’s Yankees are by far and away the most successful New York sports team, claiming a whopping 27 World Series wins – the most of any franchise. The Mets have two title tꩲriumphs having reached fiv♏e World Series’.

New York’s ice hockey franchises – the Devils, Islanders, and Rangers – have combined for 11 Stanley Cups. Success, however, has been sp🌞arse in modern time﷽s for the Islanders and Rangers.

Soccer lovers have two franchises in the MLS, too, with the New York Red Bulls being joined by NYFC in America’s top-flight. Thierry Henry, Andrea Pirlo, Frank Lampard, and David Villa are among the superstars ﷽to have pliedౠ their trade in New York.

New York Sports Betting Facts

Live since	2022
Legal Age	21
Retail sports betting	Yes
Online Sports Betting	Yes
eSports wagering	Not legal but heavily regulated
College sports wagering	No
Mobile sports betting	Yes
Taxable winnings	12.7%
Geo-location	Yes
Managing body	New York Gaming Commission

New York Sports Betting Handle

New York generates an obscene amount in sports betting revenue thanks to their high tax rate. The state is also one of💫 the biggest for sports betting in the country. With several premier bookmakers operating in the Empire State, New York is able to ಞgenerate huge monthly handle hauls.

O♐nly its neighbour, sports betting juggernaut New Jersey ($50.9bn), has generated a greater all-time handle than New York ($43.4bn). NJ opened its doors to online sports betting years four years﷽ before NY, with the latter poised to soon emerge as the US’ biggest sports betting state.

In 2023, New York topped $1bn monthly handles in 11 out of the 12 months and consistently smashed $2bn towards the end o🐈f the year. In May 2024, New York mobile sports betting handle was listed at $1.97bn – a 45.9% increase from May 2023 and the highest haul since November 2023.

Responsible Gambling in New York

The New York State places a heavy emphasis on responsible gambling, with having multiple programs in place to mitigate against anꦆd prevent problem gambling.

The New York State Gaming Commission play a major role on the responsible gambling front, as 🐼does the . The latter’s website is jam-packed with information and invalua⛦ble resources for anyone in need of help. Recovery Month, Problem Gambling Awareness Month, KNOWTHEODDS, and TALK2KIDS are among the initiatives they run.

Popular Types of Bets

Top sports betting operators in New York provide a vast array of betting markets, catering to diverse interests, even the most niche ones. If you need inspiration for your next bet, our below list will ce🔯rtainly be of help.

States Where it is Legal to Bet on Sports

The change in the law in 2018 dไid not just affect New York state, but the entire country. Of🔯 course, many states in the USA decided they did not want legalized betting, or are still stuck within that legislative process.

Below is a list of states that have chosen to൲ legally provide sports betting at the time of writing.

Do note, though, that each has its own legal caveats, much like how New York bans in-state betting on college✱ teams. If you wish to (and are able to) bet in another state, do be sure to check the individual laws and licenses in that jurisdiction.

ThePuntersPage Final Say

Considering that New York has one of the most passionate and imꩲportant sporting cultures in the United States, and that they set the wheels in motion for legalization long before the 2018 overturn ever looked likely, the expectations for New York sports betting when it arrived online were astronomical.

We may onlꦇy still be relatively early on down the track, but we’d say you already can expect both high standards and 🦹betting variety as strong as any alternative.