Online Sports Betting Sites & Mobile Apps in New York
Four online sports betting apps started accepting wagers in New York state from Saturday 8th January.
| Online Sportsbook | Launch Date | Casino Partner | Review |
|---|---|---|---|
| BetMGM | TBC | Madison Square Garden | Read Review |
| Caesars Sportsbook | TBC | Madison Square Garden | Read Review |
| BetRivers | TBC | Rivers Casino Schenactady | Read Review |
| PointsBet | TBC | TBC | Read Review |
List of Legal Online Sportsbooks in New York
1. BetMGM Sportsbook
BetMGM Sports offers sports betting options from professional football to college basketball and even tennis and boxing matches. ... Explore online sports gambling with the huge US brand BetMGM.
2. Caesars Sportsbook
Ceasars Sports Betting online. Sign up for Caesars Sportsbook - America's #1 Sportsbook operator. Bet online on basketball, football, and more, find the huge promotions area, and take advantage of one of the best welcome offer packages available from any online sportsbook in New York.
3. BetRivers
Exclusive free promotions and best deals! BetRivers Sportsbook welcomes you to a world of benefits for the player. Try the games and take advantage of the promos this rush Street Interactive brand offers, with live betting options on the NFL, NBA, MLB, and MLS to rival any other sportsbook in the state.
4. PointsBet
Fixed odds markets (Sports & Entertainment) + PointsBetting, where the more your bet wins by, the more you win. Pointsbet is originally from Australia but has launched in several US states and proven very popular for more spread betting options than ever before
Legal Sportsbooks Information in New York
There are nine licenses up for grabs in The Empire State for legal online sports betting, with everything coming to a launch on 8th January 2022.
The original plan was to have a release date aligned so all could begin trading online on the same date, but with only four brands ready to go on 8th January, it will be interesting to see what the others do, given the huge 51% revenue taxes digging into marketing budget for those missing the day one boat
Current Legal Status of Online Betting in New York
Land-based casinos have been taking sports bets since 2019, even though it was legalized in 2013. Since then, it has been stop-go, stop-go in terms of when online sports betting would be permissible.
On April 6, 2021, New York lawmakers approved a state budget bill that paved the way for online and mobile sports betting to begin in the state. The Gaming Commission would spend the rest of the year putting the finishing touches on the official regulations for mobile NY sportsbooks.
When Did Online Sports Betting Become Legal in New York?
Online sports betting became legal in New York state when the budget bill was passed on 6th April 2021, the first online sportsbooks were launched by DraftKings, Ceasars, Fanduel, and Rush Street's BetRivers on January 8th, 2022.
Online Betting License and Tax information
There are some heavy state taxes for operators, with a huge 51% on revenue payable on 10-year initial licenses.
New York Sports Betting Revenue Information
On the commencement of operations in January 2022, New York becomes the largest state by population (20m) with access to online sports betting. With predictions of online gambling making up 90% of the expected revenue, the state will benefit from significant betting tax revenue.
With Taxes on the higher than the average side and, as expected, handles coming way beyond $1b a month, the state is now benefitting from more than $70m per month.
January 2023 saw the highest handle to date for New York with a full $1,788.991.455 being wagered online on sport - We may have to wait until January 2024 for the $2b mark to be broken, but we will be keeping our eyes and ears to the ground for the year to see what happens.
| Year | Month | Betting Handle | Tax | Handle growth |
|---|---|---|---|---|
| 2023 | June | $1,166,390,859.21 | $52,952,169.63 | -14.15% |
| 2023 | May | $1,358,583,506.23 | $77,503,730.12 | -12.04% |
| 2023 | April | $1,544,465,378.00 | $70,798,487.00 | -13.52% |
| 2023 | March | $1,785,952,976.64 | $83,042,065.82 | 21.75% |
| 2023 | February | $1,466,956,555.33 | $55,223,789.35 | -18.00% |
| 2023 | January | $1,788,991,455.40 | $76,207,972.56 | 10.17% |
| 2022 | December | $1,623,786,503.37 | $72,302,591.13 | 4.50% |
| 2022 | November | $1,553,860,981.95 | $75,593,134.26 | 0.65% |
| 2022 | October | $1,543,789,024.38 | $74,283,906.67 | 22.84% |
| 2022 | September | $1,256,704,041.99 | $73,099,773.41 | 44.08% |
| 2022 | August | $872,228,171.19 | $50,797,118.61 | 8.93% |
| 2022 | July | $800,753,012.00 | $37,393,826.98 | -23.86% |
| 2022 | June | $1,051,624,719.61 | $36,934,640.62 | -16.77% |
| 2022 | May | $1,263,484,474.21 | $55,992,310.95 | -9.15% |
| 2022 | April | $1,390,777,874.54 | $53,112,228.99 | -15.11% |
| 2022 | March | $1,638,266,832.62 | $58,283,849.00 | 56.10% |
| 2022 | February | $1,049,470,311.93 | $30,131,834.00 | -37.15% |
| 2022 | January | $1,669,719,033.60 | $63,310,867.00 | N/A |
Online Sports Betting Timeline
January 8th, 2022 - Caesars, BetRivers, DraftKings and FanDuel launch apps taking mobile bets,
January 2022 - January 8th suddenly becomes the launch date as things speed up, with mobile bets able to be accepted in time for the NFL playoffs.
November 2021 - bet365 lost out on the possibility of a license in New York as nine were granted, with Fanduel and Kambi taking up the allocation with various brands. The aim is everyone can start don't the same day rather than a book by book roll causing confusion and giving one an advantage over another.
Other Sportsbooks Expected to Launch and When
The current list of operating online sportsbooks can be found above, but there remains a large number of brands and skins that can operate and plenty more partnerships to be made; the next expected brands with deals in place awaiting launch dates include..
- Bally Bet
- Wynnbet
- Resorts World
- DraftKings
- FanDuel
Benefits of Using a Licensed Online Sportsbook in New York
While using a readily available offshore sportsbook to make wagers is not technically illegal, one has to consider the associated risks.
Offshore operators have no obligation to fair play to US customers, and as such, there is no protection for players' funds, whereby a sportsbook could disappear overnight along with funds you may have deposited.
It is common to hear of horror stories of punters winning big but never being able to access the money they have rightfully won on wagers.
Online sports bettors in New York gain all the benefits of using a licensed operator within the state with partnerships with land-based casinos and the safety and assurances that go hand in hand.
And even better, there are no trips over the Hudson required to a gamble online!!
Most Popular Sports For Online Betting in New York
Online sports betting is a huge industry with millions of players, but it can be hard to figure out where the best places to bet.
Most people don't know which sites offer the best odds for their favorite sport or what promotions they should look for when signing up. This makes it easy to miss out on great opportunities and lose money.
Our guide lists all of the top legal online gambling sites in New York and all US states accepting legal online sports wagers, so you'll never have to worry about wagering with the sportsbook that is not best for the sport you are betting on!
We also include reviews and tips on getting started immediately, no matter what type of bets you're interested in making.
The guides will help you find exactly what you need without spending hours searching through forums or wading through complicated websites that aren't designed with your needs in mind!
New York Sportsbook Guides by Sport
Check out our suite of guides built specifically for the main sports Americans like to bet online. We've reviewed every sportsbook and offer advice as to which is the best depending on what element of the sport you want to place your wagers.
College Sports Betting Restrictions
Each state has different rules regarding collegiate event betting online, and New York is no exception.
In NYC you can not bet on in-state collegiate teams and events
New York State sports teams, you can wager online
More in-depth info on betting on State teams
New York sports teams fans will be pleased to be able to bet on their favorite teams throughout the year.
Professional State Teams (Major Leagues)
| Sport | Team | Partnered? |
|---|---|---|
| Baseball | New York Mets | |
| Baseball | New York Yankees | |
| Basketball | Brooklyn Nets | |
| Basketball | New York nicks | |
| Basketball | New York Liberty | |
| Football | New York Giants | |
| Football | New York Jets | |
| Hockey | New York Islanders | |
| Hockey | New York Rangers | |
| Soccer | New York City FC | |
| Soccer | New York Red Bulls | |
| Soccer | NJ/NY Gotham FC |
New York Live Betting Online Options
With a wealth of professional sports teams in New York and hundreds of thousands of fans, there is always some live sporting action to be found. One of the great things about online sports betting is the ability to place wagers on the action it is happening.
In addition to predicting the outcomes either on the money line or betting lines provided by the sportsbooks, you can make selected wagers once the action has begun, either as play continues or during quarters.
The best online sportsbooks in New York will offer, usually at the head of the events menu, games and matches that are available to make wagers on in-play.
How to Start Betting Online with New York Sportsbooks
| Payment Type | Deposits | Withdrawals |
|---|---|---|
| Debit/Credit Cards | Yes | No |
| Pre Paid Cards | Yes | No |
| PayPal | Yes | Yes |
| Skrill | Yes | Yes |
| ACH/eCheck | Yes | Yes |
Legal online sports betting is obviously very new to New York and those that have steered away from unlicensed offshore operators may not be fully aware of just how easy the new legislation has made it to be able to make legal wagers online on your favorite sports.
This section will run through the simple procedure to start making your wagers online with new sportsbooks.
Registration
You will have to register to open a sportsbook account in New York but can do so from anywhere within the US. However, to make deposits, manage your banking, or place wagers, you must be physically located within the state.
There is an interesting age requirement for Commercial casinos aged 21+ while Tribal casinos require only 18+ requirements. How this translates to online sportsbook app use, we shall await.
There are a few things you will need to provide when registering online, and they will include:
- Personal details such as name and address
- Security information such as passwords, email, and mobile numbers
- Selecting a depositing method and choosing a welcome offer.
How to Deposit
In line with most other states in the US now, there is no need to register or deposit funds in person at a casino cash cage we are aware of. All transactions can now be undertaken conveniently online.
All you need to do is select the banking option that is the most convenient for you, including credit and debit cards or eWallet solutions like Skrill.
Banking Options for New York Sportsbooks
There is a wide range of banking options available to online sports bettors for New York sportsbooks
| Method | Min | Max | Processing Time | Fee |
|---|---|---|---|---|
| $10 | $0 | Instant | Free | |
| $10 | $0 | Instant | Free | |
| $10 | $0 | Instant | Free | |
| $10 | $0 | Instant | Free | |
| $0 | $0 | Instant | Free but bank charges may apply. | |
| $10 | $0 | Instant | Free | |
| $10 | $0 | Instant | Fees may apply. | |
| $10 | $0 | Instant | Free | |
| $0 | $0 | Instant | Free |
| Method | Min | Max | Processing Time | Fee |
|---|---|---|---|---|
| $0 | $0 | 15 Minutes | Free | |
| $ | $ | |||
| $ | $ | |||
| $ | $ | |||
| $ | $ | |||
| $ | $ |
Credit & Debit Cards
Whilst credit cards are widely accepted, we would advise using credit to fund your online gambling, especially if you do not have the funds to make a full repayment within the month. Betting with money you do not have is worse than betting with money you can not afford. Please see our guide to responsible gambling for more information.
Debit cards are a far better option, funds are available instantly in most cases. Withdrawals will often be processed by the sportsbook within 24 hours using this method, but depending on your bank, it could take up to 5 working days to receive your funds back to your physical account.
For quicker withdrawal methods, read on.
eWallet Solutions
E-Wallets for depositing and withdrawing from your mobile betting account include well-known brands such as PayPal, Neteller, and Skrill. instant deposits and withdrawals within 24 hours are typical; in most cases, there are no fees to be paid. Double-check if you want to make multiple transactions this way, as fees can be introduced if this method is abused.
Prepaid Cards
Quite often, sportsbooks and casinos offer their own branded pre-paid cards. You can load them up, make deposits and withdrawals with them quickly, and access cash from ATMs. A superb addition to online money management that works seamlessly with most betting sites in Iowa
ACH Wire Transfer
Using a bank transfer can be a convenient way of funding your betting account. Do check for fees, however, which may vary by bank, and transactions can sometimes take time to clear on both deposits and withdrawals
PayNearMe
A barcode scanning scheme where you can deposit cash using relevant retailers such as 7-Eleven
Cash
If you are close to the casino partnered with your online sportsbook, you can make deposits directly into your account using cash at the cash cage in the casino. Likewise, you'll be able to withdraw in the same manner.
Minimum Deposit & Maximum Withdrawals
All sportsbooks will have a minimum deposit requirement, but they are, in the main, around $10, so they are not prohibitive.
Also, be aware of when using deposit methods if any negate the qualification of welcome bonuses. Also, check Wagering requirements of any offer.
Being able to make deposits online also negates the necessity of a visit to a physical sportsbook to make a cash deposit.
What Type Of Wagers Can I Make on Sports Online in New York?
There are no restrictions based on the wager type, within reason, that you can make in New York except no wagers being taken on in-state collegiate events and teams.
New York is the #2 state earning the most tax revenue from commercial betting
Without federal laws for sports wagering, states are left to experiment and set their own tax revenue structures. Some states tax sportsbooks as high as 50% and others as low as 6.75%, according to the American Action Forum.
States with authorized sports wagering tend to tax in the 10-15% range, with nuances added from there. Some states deduct promotional bets, while others require disclosure, per Bloomberg Tax.
OLBG looked at how much tax revenue states generated from commercial gambling during 2021 and how that revenue compares to 2020. Data comes from the American Gaming Association and various news media outlets, with the tax total reflecting specific state and local taxes applied directly to gaming revenue. Data does not include billions of dollars paid annually by the industry via income, sales, other corporate taxes, or payroll taxes paid by gaming operators and suppliers. The national list is made up of the top 10 highest-earning states.
New York by the numbers
- 2021 tax revenue: $1.1 billion
- 2020 tax revenue: $495.2 million
- Year-over-year change: 121.6%
Sports betting has been legal at New York's commercial casinos since 2013, but it was often more convenient to go to neighboring New Jersey for sports wagering. Today, the state is among the United States' most significant sports markets, with New York City representing a rapidly growing sector.
The first in-person sportsbooks were launched in New York in 2019. Nine online sportsbooks were launched in 2022—each paid 51% of revenues to the state in taxes in 2022. The state generated more than $909 million in revenue in its first year of legal mobile sports betting, with more than $16 billion wagered.
All betting on in-state collegiate games and events, including player prop bets, is prohibited.
In seven of the top 10 states nationally, sports gambling is legal in some capacity. Every jurisdiction in the U.S. with commercial casino or sports betting operations reported an increase in gaming revenue between 2020 and 2021; 23 of 43 jurisdictions saw record annual commercial gaming revenue in 2021, according to the AGA.
The biggest gains in gaming revenue alone were documented in Tennessee and Michigan, each of which reported the first full year of sports betting revenue. Eight of the 10 states that gained the most tax revenue from commercial gambling overall in 2021 are located in the East or Midwest.
The Supreme Court in 2018 found the Professional and Amateur Sports Protection Act unconstitutional, effectively eliminating the federal law that had halted authorized sports wagering across the country and leaving it up to individual states to determine rules for sports betting.
Fast-forward to 2021, when commercial gaming revenue in the United States topped $53 billion. Gambling generated nearly $11.7 billion in tax revenue for the 33 states (and Washington D.C.) with some form of legalized sports betting, according to data from the American Gaming Association.
Twenty-four states and Washington, D.C., allow mobile sports betting activity, as of March 2023. Florida took legal online sports bets from November to December 2021, until a federal judge struck down the agreement. The state has halted legal sports gaming for now. Maine, Massachusetts, and Nebraska are some of the states that recently legalized sports betting in some way. Those states are expected to roll out plans, projects, or further regulatory actions in 2023.
Read on to find out the five highest-ranked states that earn the most tax revenue from commercial gaming.
States that earn the most tax revenue from commercial gaming
#1. Pennsylvania: $2.0 billion in tax revenue from commercial gaming in 2021
#2. New York: $1.1 billion in tax revenue from commercial gaming in 2021
#3. Nevada: $1.0 billion in tax revenue from commercial gaming in 2021
#4. Maryland: $814.4 million in tax revenue from commercial gaming in 2021
#5. Ohio: $759.3 million in tax revenue from commercial gaming in 2021
