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New York Sports Betting – Where to Bet in New York
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New York Sports Betting
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. |
Best Sportsbooks in New York
1. Caesars Sportsbook
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.
- Caesars Sign Up Bonus: Bonus first bet of up to $1,100.
- Weekly odds boosts/profit boosts/bonus bets
- Watch our full review of Caesars Sportsbook here.
2. BetMGM
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:
- BetMGM Sign Up Bonus: Up to $1500 Bonus Bet. Essentially- you can place a bet up to $1500 and if it loses you get that amount back in bonus bets.
- $10 bonus bet every week. Not a huge amount of money, but always nice to have $10 bonus dollars to play with on a weekly basis.
- Watch our full review of BetMGM here.
4. BetRivers
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.
- BetRivers Sign Up Bonus: Up to $250 deposit match
- Daily House Specials
- Weekly profit boosts
- Watch our full review of BetRivers Sportsbook here
4. PointsBet
PointsBet follows suit with the previous books that offer a generous sign-up bonus. New users can get up to $2000 in 2 bonus bets. They also have daily odds boosts and generally a sleek interface that is easy to navigate.
- PointsBet Sign Up Bonus: Get a $500 bonus bet on a fixed-odds wager (this just means any normal wager such as on a point spread) and a bonus bet up to $1500 on a PointsBetting wager.
- Watch our full review of PointsBet here where we also walk through PointsBetting as well.
Is New York a Good Sports Betting State?
Does New York Allow Mobile Sports Betting?
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.
How Many Sportsbooks are Available in New York?
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
Does New York Have Good Sports Betting Odds?
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.
How to Sign Up for a Sportsbook in New York
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.
New York Sports Betting Rules & Regulations
Only two rules in New York.
- Must be 21 or older
- Must be physically located in New York
- Unable to bet on colleges or universities located in New York or any college sporting event taking place in the state
How to Bet in New York
Luckily, it is pretty easy to get started in a state like New York. Let’s detail the steps below.
- Find and download a Sportsbook.
- There are a lot in New York, but let’s start with Caesars since they have such a generous offering of promos and odds boosts. In this case, a bonus bet match up to $1,001.
- Sign up and Deposit
- The sign-up and deposit step is pretty seamless. They will ask a couple of questions to verify your age and identity such as social security number, address, and/or driver’s license. But, it is pretty easy overall.
- Once you are signed up you will need to deposit money into your account. You will do this by selecting a payment method and proceeding with the prompt to get the payment method synced to your account. It is easiest to go with a direct deposit to a banking account since you can easily withdraw and deposit funds directly into that account.
- Verify your Location
- If you are on your phone then your phone will do this automatically using its GPS feature, but on the desktop can be a little more complicated.
- If you are using a desktop you will need to download a location tracking software called geocomply. Please refer to our article here with more details on geocomply.
- Place a bet!
- Now you’ve gotten to the fun part. As mentioned earlier Caesars offers a wide variety of promotions and odds boosts for you to enjoy. But, in general, in order to place a bet, all you need to do is:
- Navigate to the desired sport
- Find the line that you would like to bet
- Click or navigate to the bet slip
- Click place bet!
- Now you’ve gotten to the fun part. As mentioned earlier Caesars offers a wide variety of promotions and odds boosts for you to enjoy. But, in general, in order to place a bet, all you need to do is: