Is Sports Betting Legal in New York? Comprehensive Guide for 2025
Are you ready to explore the biggest sports betting market in the U.S.? From retail sportsbooks buzzing with excitement to the ease of online platforms, New York offers a world-class betting experience. Whether you’re a seasoned pro or just starting out, this guide has everything you need to know to place bets confidently and legally in the Empire State!
Is Sports Betting Legal in New York?
Yes, sports betting is fully legal in New York. Bettors can place wagers both in-person at licensed venues and online through state-approved platforms.
The legal framework provides a secure environment, ensuring that all operators meet strict standards for compliance and fairness. Players must be at least 21 years old and physically located within the state to participate legally.
Introduction to Sports Betting in New York
New York’s sports betting scene is a powerhouse, blending convenience, variety, and security like no other. With billions in revenue each year and millions of people placing bets, the state has carved out a top spot in the industry. Whether you prefer the buzz of a retail sportsbook or the ease of online betting, New York has something for everyone. It’s a market built for both seasoned pros and first-timers, backed by a solid set of rules to keep things safe and fun for all.
To give you an idea of how massive this market is, here’s a look at the numbers for New York’s sports betting this fiscal year starting in April. These figures show just how much handle and revenue this industry pulls in each month:
What Are the Best Online Sportsbooks in New York?
New York currently has nine licensed online sportsbooks, each with a clear launch date and history in the market:
- Bally Bet: Joined the market on July 7, 2022.
- BetMGM: Started taking bets on January 17, 2022.
- BetRivers: One of the first to go live on January 8, 2022.
- Caesars Sportsbook: Also launched on January 8, 2022.
- DraftKings Sportsbook: Entered the scene on January 8, 2022.
- ESPN Bet: The newest player, launched on September 26, 2024.
- Fanatics Sportsbook: Went live on February 29, 2024, after taking over PointsBet’s New York license.
- FanDuel Sportsbook: A key player since January 8, 2022.
- Resorts World Bet: Launched on March 2, 2022.
What’s Changed Recently?
- PointsBet: Exited the New York market on February 29, 2024, with its license picked up by Fanatics Sportsbook.
- WynnBET: Shut down in New York, and its license was acquired by PENN Entertainment, which used it to launch ESPN Bet.
This lineup highlights the sportsbooks currently operating in New York, giving residents plenty of legal options to place their bets.
How to Bet on Sports Online in New York
Betting online in New York is legal for anyone aged 21+ located in the state. Follow these key steps:
- Pick a Licensed Sportsbook
Choose from nine licensed operators: Bally Bet, BetMGM, BetRivers, Caesars, DraftKings, ESPN Bet, Fanatics, FanDuel, or Resorts World Bet. Compare bonuses, odds, and features to find the best fit. - Sign Up
Create an account by providing your personal information and verifying your identity and location. - Deposit Funds
Use secure payment methods like PayPal, credit/debit cards, or bank transfers. Check for any welcome bonuses before depositing. - Place Your Bets
Select your sport and market (e.g., moneyline, spreads, props), enter your wager, and confirm. - Withdraw Winnings
Track your bets and withdraw winnings using your chosen method. Additional verification may be required for large withdrawals.
Licensed operators also offer helpful tutorials and customer support to guide new players.
In-Person Sports Betting in New York
For those who enjoy the lively atmosphere of a retail sportsbook, New York offers several top-tier options. These venues combine sports betting with entertainment, creating a vibrant game-day experience. Popular locations include:
- Rivers Casino & Resort (Schenectady)
- Del Lago Resort Casino (Waterloo)
- Turning Stone Resort Casino (Verona)
- Resorts World Catskills (Monticello)
- Tioga Downs Casino Resort (Nichols)
Rivers Casino & Resort
Can You Bet on College Sports in New York?
Yes, but with some restrictions:
- Prohibited: Betting on New York-based college teams or events held within the state.
- Allowed: Wagering on out-of-state college teams in competitions held elsewhere.
These restrictions maintain the integrity of college sports while still offering plenty of opportunities to bet on major collegiate events.
Are Sports Betting Winnings Taxable in New York?
Yes, both state and federal taxes apply:
- State Tax: 8.82% for winnings over $600.
- Federal Tax: 24% for significant payouts, often withheld at the source.
Bettors can deduct gambling losses on federal tax returns, up to the amount of reported winnings. Keeping detailed records is essential for accurate tax filing.
Bonuses and Promotions Offered by New York Sportsbooks
To attract players, sportsbooks in New York offer enticing promotions:
- Welcome Bonuses: Match deposits or risk-free bets for new users.
- Odds Boosts: Increased payouts for select events.
- Loyalty Programs: Rewards for consistent play, redeemable for cash or prizes.
- Seasonal Offers: Promotions tied to major tournaments or holidays.
A Brief History of Sports Betting in New York
New York’s path to legal sports betting has been a steady progression, with key moments paving the way for today’s booming market:
2013: Setting the Stage
New York took its first step by legalizing in-person sports betting at commercial casinos—pending changes to federal law. This move laid the groundwork for what was to come.
2019: Placing the First Bets
After the Supreme Court struck down PASPA in 2018, New York opened its first retail sportsbooks. Places like Rivers Casino and Resorts World Catskills brought a regulated and engaging betting experience to fans statewide.
2022: Going Digital
The real game-changer came in January 2022 with the launch of online sports betting. Big names like DraftKings and FanDuel quickly drew millions of users, cementing New York’s spot as a leader in sports betting revenue across the country.
Latest Updates and News About New York Sports Betting
Want to stay on top of everything happening in New York’s sports betting world? This section has you covered with the latest updates, key announcements, and helpful links:
[January 14, 2025]: New York Sports Betting Hits $2.28 Billion in December
[January 7, 2025]: New York Sportsbooks See Major Revenue Surge in Final Full Week of 2024
[January 7, 2025]: DraftKings Introduces Sportsbook+ Subscription Service with Boosted Parlay Odds
Check back often—we’ll keep this section fresh with the newest information as it comes in.
Popular Sports and Events to Bet on in New York
New York bettors enjoy wagering on a wide range of sports, including:
- NFL: New York Giants, Buffalo Bills, and league-wide action.
- NBA: New York Knicks and Brooklyn Nets games.
- MLB: New York Yankees and Mets matchups.
- NHL: New York Rangers, Islanders, and Buffalo Sabres.
- Soccer: International tournaments like the FIFA World Cup.
Other popular choices include tennis, golf, combat sports, and motorsports during major events.
Tips for Responsible Sports Betting
- Set a Budget: Stick to a predefined amount for betting.
- Avoid Chasing Losses: Stay disciplined and don’t bet emotionally.
- Take Breaks: Maintain balance by stepping back when needed.
- Seek Help if Necessary: Contact resources like 1-800-GAMBLER if you feel gambling is becoming problematic.
FAQs About Sports Betting in New York
Is online sports betting legal in New York?
Yes, online sports betting is legal for anyone aged 21 or older who is physically located within New York state.
What sportsbooks are licensed in New York?
Currently, nine licensed operators are active in New York: Bally Bet, BetMGM, BetRivers, Caesars Sportsbook, DraftKings, ESPN Bet, Fanatics, FanDuel, and Resorts World Bet.
What payment methods can I use to deposit funds?
You can use credit/debit cards, PayPal, bank transfers, prepaid cards, or cash deposits at affiliated retail locations. Check your sportsbook for specific options.
Are there restrictions on what I can bet on?
Yes, New York prohibits betting on in-state college teams, esports, political events, and entertainment awards. You can still bet on most major sports and leagues.
How do I withdraw my winnings?
Withdrawals are processed through the sportsbook’s app or website using methods like bank transfers, PayPal, or prepaid cards. Additional ID verification may be required for larger amounts.
Are there welcome bonuses available?
Most sportsbooks offer welcome bonuses, such as deposit matches or free bets. Check the terms and ensure you follow any requirements, like entering promo codes or meeting wagering limits.
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