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The best bets and resources to make you more profitable
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When you think of New York, you probably don’t think of casinos and sportsbooks. That has certainly been reflected in the legislature of New York sports betting; which lags in comparison to other northeastern states, New Jersey and Pennsylvania. New York legalized retail (i.e. in-person) sports betting in June 2019.
The state was originally positioned against the possibility of legalizing mobile sports betting. However, with the Covid Pandemic and potential state-wide budget cuts, the state turned to mobile betting as an option to increase revenue. It took more than 2 and half years, but starting in January 2022, New Yorkers can now finally place legal bets online in the state. So far, only 7 books have mobile sports betting. But we would expect more to come in the near future.
FAQ | Answers |
---|---|
Is Sports Betting Legal in New York? | Yes! Went legal in June of 2019 |
Which sportsbooks can you bet on in New York? | 7 Total, with them all listed below: BetMGM, FanDuel, DraftKings, BetRivers, Caesars, PointsBet, and WynnBet |
New York Sports Betting Rules | The only rules are that you must be 21 years or older and physically located in New York (confirmed by your phone GPS, or geocomply software) Like New Jersey and a few other states, you will not be able to place any bets on any NCAA game involving a New York-based college or university. New York also takes it one step further. You are unable to place a wager on any collegiate game taking place in the state, regardless if a New York team is playing. This will mean New York bettors could not place a wager on events like the Pinstripe Bowl or any Big East or ACC Tournament game. |
Caesars Sportsbook is a great sportsbook, with a ton of good promotions and odds boosts. We like to call Caesars Sportsbook the OddsBoost god because of the sheer volume of odds boosts they have on a daily basis. They also have some really good promos as well, highlighted below.
BetMGM also has a lot of odds boosts and promos to take advantage of. It also has a really nice user interface when scrolling through the different types of markets/props you want to bet. It’s very intuitive and easy to navigate. Some of the promos are highlighted below:
BetRivers also has a nice signup bonus in which they will deposit match up to $250. Other than that, they have nice daily promos and odds boosts that they call “House Specials.” We love betting those House Specials, as they normally have some profitable bets to make.
PointsBet follows suit with the previous books that offer a generous sign-up bonus. New users can get up to $2000 in 2 free bets. They also have daily odds boosts and generally a sleek interface that is easy to navigate.
Yes, Finally! It took 2 and half years after the legalization of retail betting, but New Yorkers can now place online sports wagers in the state.
Not that many, with 7 total books available. By all metrics, the sportsbook handle has exploded since the adoption of mobile betting. We would anticipate that many more books would come online soon; assuming they can get through the regulatory red tape.
The legal books are: BetMGM, Fanduel, DraftKings, BetRivers, Caesars, PointsBet, WynnBet
The legislature certainly does not make it easy for sportsbooks who want to operate in the state. New York books are subject to a whopping 51% tax rate; the highest of all states with mobile betting. On top of this, new books will need to pay a $20 million licensing fee upon approval to operate.
With all that in mind, it will be interesting to see how the books pass those costs to the consumers. Does it mean every bet that was -110 will now be -120? No, they won’t make it that obvious. But there are ways they can sneak those costs in there; mostly by way of unfavorable parlay odds or limiting promotions.
New York is easy. You can do everything necessary to get signed up all from your phone/computer. Some states require an in-person sign-up, but New York is not one of those states.
They also make signing up and depositing fairly simple as well. This is detailed in the next section, but for the sign-up process, the sportsbook will ask you a couple of personal questions to verify your identity. Then once you are signed up you can set up the payment method by syncing the app to your account.
Only two rules in New York.
Luckily, it is pretty easy to get started in a state like New York. Let’s detail the steps below.
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