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, we 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 FanDue𓄧l, Caesars🦩, DraftKings and BetRivers, and they have been joined by several other top names since 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 within their jurisdiction. Sports betting in New York was actually , so, following the lifting of the federal ban, the wheels 𝓀to move things along were already in motion.

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, mar💮king 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 became the first state to ban them in 1833. This is when th꧋e 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 on racing (either greyhound𝓡 or horse) outside an actual race track – becomes the fi🐠rst 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. What 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, 2018൩, 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 on July 16th, 20🍌19 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-19 pandemic delayed things, meaning the New York Gaming Commission spent 2021 finalizing regulations, rules, and licensing criteria before launch day could 💎f𒁃inally 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.𒅌 The state regularly topped $1bn in monthly ღsports betting handle.

2024 – Fanatics s꧑portsbook becomes t🔯he 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 much more likely to rem🌳ain 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 time of wriꦏting:

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 tꦗhe 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 l🦂osses if you itemize them on your tax returns.

The fairly hefty tax rates d💮oes 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 $200🐟m.

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 💜promotional goodies or to just utilize more betting options, you can also sign up to more than one witꩵhout consequence.

DraftKings: A Site of Betting Greatness

DraftKings provide an astoun♛ding betting varie꧑ty without ever dropping in quality.

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

Their daily fantasy sportsbook has new, exciting and creative contests every day, and you don’t even ne⛦ed to finish first to win. In a nutshell, this bookmaker offers the most personalized version of fantasy gamin♏g 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 Finals, alongside more obscure and international options. The latter covers everything from darts to lacrosse, and MMA fans can find a home h♈ere.

In addition, you'll find exciting live markets backed up by sturdy technical performance. Al🥀l this is further sweetened by lucrative promotional offers, which can provide💎 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 withdrawing 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 s༺ports 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 superb at what they do, and bring so much creative, fun betting opportunities to New York spor♊ts 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 entertainin🐭g and affordable way of getting s🌌tarted. Afterwards, you can even take advantage of the many options 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 services, which supplements their place as a great live betting site with 3000 hours of live sport. They even 🍬provide exclusive news, picks, and p🐷redictions.

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 p🅷rocess is a straightforward and stress-free experience.

To 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 are 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 consis🎃tently fresh and exciting experience.

Below is just a taster of what you can expect. Bear in mind, however, that online bettin๊g bonuse♊s 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 certainly excels in this aspect. Theirs is a first bet offer of up to $1000, where if y𒁏our in♔itial 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 loc🌌ations to check out, with multiple online operators also now functioning in the state.

There 🌟aren’t too many limitations to betting in Newꦉ York. You must be 21+, however.

1. Pick one of the avai🦄lable online♑ sportsbooks operating in New York.

2. 🍨 Download the bookmaker’s mobile a🦹pp via the App Store or Google Play (iOS/Android).

3. You’ll be able to create a bettinꦫg 🎉account if you’re 21 or 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 overturning of PASPA in 2018, meaning many New York-base🥃d 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.

However, in April 2021, with online sports betting emerging at the star🌳t oꦆf 2022.

Nine sportsbooks subsequently launched in the✃ Empire State, with each agreeing to pay 51% of their New York s𝓀ports betting revenues in taxes.

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

Election betting is also prohibited, as is wagering on en꧅tertainment markets such as the Oscars.

Legal Sports Betting Operators in New York

The US’ premier sportsbooks entered 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 Februar🎃y 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 popularity 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 veneraꩵted Giants are four-time Super Bowl champions. In 2008, they pulled off the greatest upset 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 tr🐠iumphs having reached five World Series’.

New York’s ice hockey franchises – the Devils, Islanders, and Rangers – have combined for 11 Stanley Cups. Success, however, has been sparse in modern times for the Isl꧅anders 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 plied the🌳ir trade in ꦜNew 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 Yoꦇrk 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 operatin✱g in the Empire State, New York is able to generate huge monthly handle hauls.

Only its neighbouไr, 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 topp๊ed $1bn monthly handles in 11 out of the 12 months and consistently smashed $2bn towards the end of 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 𝓀a heavy emphasis on responsible gambling, with having multiple programs in place to m🔯itigate against and 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 invaluable resources for anyone iꦦn 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 bett🐭ing markets, catering to diverse interests, even the most niche on﷽es. If you need inspiration for your next bet, our below list will certainly be of help.

States Where it is Legal to Bet on Sports

The change in the law in 2018 did not j🅘ust affect New York state, but the entire country. Of course, ma꧃ny states in the USA decided they did not want legalized betting, or are still stuck within that legislative process.

Below i🥃s a list of states that have chosen to legally provide sports bettiℱng 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 ဣyou 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 important sporting cultures in the United States, and that they set the wheels in motion for legalization long before the 2018 overtu✃rn ever looked likely, the expectations for New York sports betting when it arrived online were astronomical.

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