New York Online Sports Betting in 2022
Sports Betting in New York: Legal in 2022
2022 has started well for the New York bettors, as online sports betting is finally legal in this state! Although there were no New York-based teams in the NFL playoffs, punters could enjoy placing their online wagers in the Empire State. Our team researched the sports betting legislation in New York, and this article will guide you through all the details. Let’s dive into this topic together and kick off the wagering experience successfully!
- In-person sports betting available from 2019 in NY
- Online sports betting weent live in early 2022
- Many famous professional sports teams come from NY
Land-based Betting Operators & Racetracks in New York 2022
We will start with the land-based sports betting operators first. New York features several retail casinos where punters can place their sports wagers legally. The sports betting in New York land-based sportsbooks began in 2019 when Caesars Entertainment partnered with the Oneida Indian Nation to allow sports betting to three Central New York locations. That partnership was beneficial for both sides. Caesars Entertainment got the opportunity to launch in-person betting in the state, while Oneida became among the first tribes to establish legal sports betting in the US. According to the 1988 Indian Gaming Regulatory Act, a tribal law, sports betting falls into Class III gambling, while the state itself should allow the non-tribal casinos to operate.
Nowadays, punters can place their wagers in dozen land-based casinos in New York. Most of them are located in Albany, while Caesars partnered with three of them. Besides this operator, bettors can also enjoy the sports wagering in casinos that partner with other reputable operators such as DraftKings, FanDuel, or Bet365.
Regarding the racetracks, horse racing fans can enjoy the action as New York features both Standardbred and Thoroughbred. Obviously, horse racing wagering is legal sports betting in New York, and there are 14 available racetracks in the state. Here’s the complete list of available racetracks:
- Belmont Park Racetrack
- Tioga Downs Casino
- Saratoga Race Course
- Saratoga Casino Hotel
- Monticello Raceway
- Vernon Downs Casino Hotel
- Empire City Casino by MGM
- Finger Lake Gaming and Racetrack
- Goshen Historic Track
- Buffalo Raceway
- Batavia Downs Gaming & Hotel
- Aqueduct Race Track
- Yonkers Raceway
- Suffolk Regional Off-Track Betting Corp.
Online Betting in New York 2022
Online betting in New York became available at the beginning of 2022, and nowadays, bettors have nine operators at their disposal. At first, the New York Gaming Commission needed to select at least two providers with four or more books, which was a part of the legislation process. In the end, they came up with nine sportsbooks, all run by large players in the industry.
Although the tax rate is the highest in the US – 51% on the sportsbook’s gross gaming revenue – it didn’t stop the biggest sports betting companies from submitting their license bids. Moreover, upon the application approval, they were due to pay a $ 25 million fee. Nevertheless, these unfavorable conditions for the bookies didn’t have an impact on creating a very competitive online sports betting New York market.
On the other hand, sportsbooks could partner to submit “Super bids” together, and as a result, we saw BetMGM, DraftKings, FanDuel, and Bally Bet making a too good offer to refuse. Similarly, Caesars, Genting, Wynn, Kambi, Points Bet, and Rush Street Interactive made their joint bid.
Of course, the New York Gaming Commission granted licenses to all these operators, and the majority of them have already launched their NY sports betting businesses. BetRivers, Caesars, DraftKings, and FanDiel launched their online books on January 8, 2022, while BetMGM and PointsBet went live in the second half of January. Overall, New York bettors have several sportsbooks at their disposal, and can expect even more to launch their businesses. Of course, none of this would be possible if former Governor Cuomo hadn’t signed into law a budget agreement on April 16, 2021.
Mobile Sports Betting in New York 2022
Along with online sports betting, mobile wagering also became legal in New York state. The New York Gaming Commission announced on November 8, 2021, that nine operators would get licenses to launch the mobile app sports wagering in New York. Therefore, it became fully legal to start placing your bets via the mobile app on your smartphone or tablet. Of course, you need to be located within the state to be able to place your bets.
Thanks to technological improvements, nowadays, it’s easy to determine whether a bettor fulfills this condition. The geolocation feature determines your location and blocks the app access if you try to use it outside New York state borders. On the other hand, mobile sports betting is very convenient when you are on the go. It means you can place your wagers from anywhere within the state and in seconds. That’s why many punters take advantage of mobile betting, knowing that it is not fully legal in New York.
New York Betting Site List: Legal Sportsbooks in 2022
|BetMGM||100% up to $1,000 Risk-free Bet|
|BetRivers||100% up to $250 Deposit Bonus|
|Caesars Sportsbook||100% up to $1,100 Risk-free Bet|
|DraftKings Sportsbook||20% up to $1,000 Deposit Bonus|
|FanDuel Sportsbook||100% up to $1,000 Risk-free Bet|
|WynnBET||100% up to $1,000 Risk-free Bet|
Favorite Sports & Teams in New York
New York is home to many teams from different sports, and some of them are very famous and have a huge fanbase. You cannot imagine one major American sport without a representative from New York. Perhaps, the most famous is the MLB team New York Yankees, which has been a landmark of the city for more than a century. The Yankees are more than a baseball team and 27 World Series titles, as its fame goes beyond this sport. On the other hand, the New York Mets are another MLB team representing this city. However, they have been less successful than their city rivals, as the Mets won the World Series only twice.
Of course, football also has two representatives from New York in the NFL. The New York Giants were founded in 1925 as the first New York NFL team, and they have managed to win the Super Bowl four times so far. Their fierce rivals are the New York Jets, founded back in 1959. The Jets won the Super Bowl once, back in 1969, so just a decade after their foundation.
Basketball also features a pair of New York teams – the Knicks and the Brooklyn Nets. The Knicks have been around since 1946 and have brought one NBA Championships so far. On the other hand, the Nets were founded 30 years later, but they spent most of the time in New Jersey before relocating to Brooklyn in 2012. They haven’t managed to reach the NBA Finals yet.
The Rangers and the Islanders represent New York in the NHL, with the Rangers being an older team established in 1926. Their home, Madison Square Garden, is in the heart of New York City, and the Rangers won the Stanley Cup on four occasions. The Islanders have the same number of titles, but they haven’t managed to lift any of them after 1983. Finally, New York City Football Club is the youngest of all mentioned above, and it competes in the MLS.
What you Can and Can’t Bet on in New York
Bettors will be happy to hear that they won’t have many restrictions on sports betting in New York. The legislators followed the New Jersey example, opening doors to the most popular sports and events to be included in the offer. Therefore, punters can enjoy various sports and markets to place their bets.
On the other hand, college wagering falls under certain restrictions. Bettors can back their favorite NCAA teams as long as the game doesn’t take place in the New York state or features a New York-based team. Although these restrictions reduce the number of available games to wager, punters can still enjoy plenty of action. There are still hundreds of NFL, NBA, MLB, or NHL games on offer, including the most popular soccer leagues as well. Besides that, horse racing betting is also legal in New York, so there are more than enough opportunities to have an entertaining wagering experience.
Gambling in New York: Since when is it legal to Bet
New York had a very vivid gambling history, and the lottery was the most popular form of gambling in the state’s earliest history. However, that lasted until the mid-1800s, when all gambling forms were banned. That prohibition lasted until 1967, when the lottery was introduced once again. As a result, New York is one of the states dominating the lottery sales in the US.
Three years after the lottery legislation, in 1970, New York state allowed the Off-Track wagering. The reasoning behind this was to prevent illegal sportsbooks from offering their betting services to New Yorkers. Additionally, this form of betting would bring additional revenue to the local government.
The next milestone in the New York gambling history is the legislation of video lottery terminal gambling at racetracks, called Racinos. Although the voting took place in 2001, we saw the first facility of this kind in 2004, while today, there are nine Racinos available. In these facilities, gamblers could find a variety of casino games, including slots and poker.
Casino gaming was officially legalized in 2013, after a long time spent on making in-person casino gaming legal. Although several casinos already operated their gambling activities in cooperation with tribes, it was a huge relief for them to be able to offer other casino games as well. On the other hand, the government significantly increased the revenue from land-based casinos.
In 2019, the state allowed sports betting, but only in person and in sportsbooks that partnered with land-based casinos. However, the situation changed again, as New York opened doors to online and mobile betting in 2021.
Although gamblers can find dozens of land-based casinos in New York, online casinos are still illegal. On the other hand, online betting, horse racing, and lottery are available for players based in New York.
The New York online sports betting market is one of the most diverse in the US, and punters can find as many as 1 betting sites. Punters can dip into the offer of several famous operators in the country, including Caesars, FanDuel, DraftKings, or BetMGM. This variety of available sportsbooks makes the New York sports betting market very attractive.
It is hard to determine the best sports betting site in New York since all of them are reputable and fair. Moreover, all these bookmakers are licensed, and it is fully legal to place your sports wagers with them. Ultimately, the answer to this question depends on a punter’s wagering style and other factors that are rather personal.
If you win at sports betting in New York, make sure to get familiar with taxes on the wagering winnings. If you win more than $600, you should receive Form W-2G and send its copy to IRS. Also, depending on your income, you may have to pay higher taxes on your sports gambling winnings.
Legal sports betting New York has been available since 2019 when punters could place their in-person bets at one of the partner casinos. Nowadays, punters can bet online as well, and the first online sportsbooks in New York were launched on January 8, 2022.
You can enjoy sports betting from your smartphone or tablet if you are located within the New York state borders. Thanks to geolocation, it is easy to determine if a punter meets this requirement, while besides that, no other restrictions are specific to mobile betting.
The New York Gaming Commission regulates all gambling activities in New York. This governing body issues licenses and oversees the entire gambling market in the state. All sportsbooks mentioned in this article are fully legal and safe for all punters based in New York.
Gamblers in New York can enjoy various activities and games. Besides sports betting, the lottery is very popular in this state. Players can try out their luck in casino games, including poker, but only in land-based facilities. Also, horse racing betting is also legal in New York.
New York betting laws are among the most flexible in the US. The only restriction regarding sports betting is related to college sports wagering. Punters cannot place bets on college teams from New York or events that take place in the state.
Bettors in New York can enjoy various types of bets. Of course, spread betting is the most popular, while totals and moneylines can also be found on bet slips very often. Besides the mainstream markets, Asian Handicap enjoys increased popularity among punters.