NY Online Sports Betting

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The sports betting industry began in New York State via casino operators. Legislators approved online sports betting in 2021, and the option should be live in 2022.

Players have access to quality betting options in NY, with such operators as DraftKings, BetMGM, and FanDuel offering services.

Get to know the sports betting industry below, with details on where to place bets in person and online.

Pros & Cons Of Betting On Sports In New York State

Pros:

  • Large selection of betting options, including moneylines, point spreads, props, and futures.
  • Popular operators offer services at local casinos.
  • All professional sports leagues are available, including NBA, MLB, NHL, and more.
  • Enjoy sports betting while watching events on-site at sportsbooks.
  • Tribal casinos and commercial venues offer services.

Cons:

  • New York has a ban on collegiate athletics.
  • You cannot bet on high school sports within the state.
  • Wagering is not allowed on non-sports events such as awards shows and political elections.

Would We Bet On Sports At NY Online Sportsbooks?

Sports betting is approved for online services, but licensing has yet to begin. It is expected that players will be able to bet online by 2022, or possibly sooner, depending on how the process progresses.

New York State offers a solid sports betting market. With major players in the mix, bettors can easily find a top-rated operator to place a retail sports bet.

From FanDuel to DraftKings, BetRivers, and more offering services, you can't go wrong no matter which operator you choose. All professional betting markets are covered, with various bet types to meet every player's need.

How To Sign Up At A Betting Site

The process of signing up for a new player account within a sports betting site in New York is simple. Select the 'Sign-Up' or 'Join Now' tab at the provider's website.

Fill out a short registration form with your name, telephone number, address, email, and last four digits of your social security number. The provider will then verify your identity with this information.

Operators will also request verification of your identity in document form. Upload your ID to the provider for confirmation. Be sure to fill out the registration form with the exact details of your ID for a quick approval. 

Be sure to only sign up for one online sportsbook account per provider. If other services are offered, check with support to see if an additional account is required. In most cases, only one account is needed.

If you try to create more than one account, the operator may lock you out, and you will not have access to services until you clear things up with support.

GeoComply

In every state in the US where online sports betting is offered, players must be situated inside the state's borders to access services. The same goes for New York.

Operators will use geolocation technology to detect whether you are in the state before allowing you to access services.

Your location is detected via GeoComply. Once you sign up for an account, the operator will request you download GeoComply and set up the location detector app for verification.

Sports Betting Apps

A sports betting app is needed to take your gaming on the go in NY. With an app on your iOS or Android device, you can place a bet anytime you like.

A mobile app allows you to place sports bets while watching your favorite team on the field or posts a future wager before a game occurs. Apps are the most convenient form of sports betting and a top choice among bettors.

Pros & Cons Of Sports Betting Apps

Pros:

  • Gain immediate access to sports betting via your mobile device.
  • Find quality betting markets, including professional NFL, NBA, MLB, and more.
  • Same great betting options like over/under, futures, props, etc.
  • Operators offer several banking methods for deposits and withdrawals.
  • Access to bonuses including no deposit, risk-free bet, and first deposit bonus.

Cons:

  • Services are limited to inside the state.
  • Rural areas may be subject to internet connectivity issues.
  • Players must be 21 years of age or older to wager.
  • Bettors may find the small screen limiting.

How To Fund Your Betting Account

Funding your online sports betting account is easy. Top-rated operators use only the best and most secure banking methods to allow deposits. 

Select from the options offered by the operator to get started adding funds to your account. Withdrawals are also just as easy, with step-by-step instructions provided with each method provided.

How To Deposit:

  • Log in to your online sports betting account, then click on the 'Cashier' tab.
  • Choose the 'Deposit' option and select a method to add funds.
  • Follow the instructions on the screen to add funds.
  • Once the money is in your account, start placing bets.

How To Withdraw:

  • Use your sign-in details to log in to your account and select the 'Cashier' button.
  • Choose the 'Withdrawal' tab and select a method to remove funds.
  • Use the instructions provided to withdraw funds from your account. Choose the amount you wish to withdraw at this time.
  • Wait for your funds to be added to your bank account, and then use how you like.

Online Sportsbook Payment Process

Online sports betting service providers know that players want to cash out quickly once a win is earned. Only the best withdrawal methods are offered to ensure that players can quickly access wins.

Check out the available options for payment below.

Common Deposit Methods:

  • Online banking
  • Credit cards
  • Debit cards
  • PayPal
  • PayNearMe
  • Cash cage at a casino

Common Withdrawal Methods:

  • Online banking
  • PayPal
  • Cash cage at a casino

How Do Sports Betting Sign Up Offers Work?

New players to the New York online sports betting world have access to premium sign-up offers. In general, operators provide standardized promotions to get players active at their site.

The most common deals include a first deposit offer, a no deposit offer, and a risk-free bet. These options are a great way to try a site before investing a large amount of cash.

First Deposit Offer

With this option, operators provide you with a percentage of bonus cash based on your first deposit. This type of offer generally requires a bonus code with your deposit.

An example of this deal would be a 100% match on the first deposit worth up to $500. You deposit up to $500, and the sportsbook adds the same amount in bonus cash to your account.

There are wagering requirements connected to this deal, as well as most deals offered by sports betting providers.

Be sure to read the full terms and conditions to ensure you understand the promotion. If you are unsure about any of the terms, contact support for confirmation.

No Deposit Offer

Like the first deposit deal, this offer also provides you with bonus cash. However, with this promotion, you do not have to deposit to access funds.

The site offers you a certain amount of free bets to try out its services. This deal will be subject to specific terms, and you will most likely have to deposit to cash out any winnings.

Risk-Free Bet

This is one of the more popular deals offered by online sportsbooks. Let's say the offer is a $100 risk-free bet. A risk-free bet is an amount of cash you can wager that the casino will provide back in bonus cash if your bet loses.

Wager this amount, and if you lose the bet, the site provides you with $100 in bonus cash. If you win, nothing happens, and you get to keep your winnings and bet again if you like.

Where Can I Place A Bet In New York State?

If you are interested in placing sports bets at a retail location, New York state offers almost a dozen options. Below is a list of each operator, as well as information on the sports betting services provided.

Akwesasne Mohawk Casino

Located in Hogansburg, the casino offers the Sticks Sports Book & Grill. The property opened in January 2020 and includes teller options as well as self-service kiosks. A full bar is located on-site, along with dining options and a video wall for viewing games.

Del Lago Resort Casino

Here, players have access to a DraftKings Sportsbook. Opened in August 2019, DraftKings was one of the first properties to offer services in New York. The retail sportsbook is 6,000 square feet in size and features odds boards and LED video screens. Players can wager via self-service kiosks and access dining options.

Point Place Casino

Operating The Lounge with Caesars Sports, Point Place Casino offers many sports viewing opportunities with a 24-foot-high video wall and over two dozen LED screens. There is a VIP section in the sportsbook that includes full-service dining options.

Resorts World Catskills

The closest option for New York City visitors is teaming up with Bet365, the sportsbook of Resorts World Catskills. The spot opened in September 2019 and offers jumbo viewing screens in a 360-degree design. Players can wager via tellers during operating hours or access the self-service kiosks 24/7.

Rivers Casino

Offering its own branded sportsbook, Rivers Casino partnered with BetRivers/Kambi to launch services in July 2019. This sportsbook was the first to launch in the state. The property also includes a VIP area and a large video wall for game viewing.

Seneca Allegany Resort & Casino

The Seneca Nation oversees three tribal casinos in New York State. The Allegany Resort & Casino launched its sportsbook in December 2019. The property offers self-service kiosks so players can quickly post wagers whenever they like.

Seneca Buffalo Creek Casino

Located just off the casino floor, this property's sportsbook offers a simple approach to sports betting. There are no frills here, just betting options, with seating and screens for viewing games. The sportsbook does close overnight, even though the casino operates 24/7.

Seneca Niagara Casino

Located near Niagara Falls, the sportsbook here offers similar amenities to its sister properties. However, the hours are better, with options for late-night betting throughout the week.

Tioga Downs

The Tioga Downs venue has teamed up with FanDuel to launch a branded sportsbook featuring 2,600 square feet of space. There is a large video wall on-site with three sports tickers providing information on featured events.

Turning Stone Resort & Casino

Offering The Lounge with Caesars Sports, Turning Stone was one of the first sportsbooks to open in the state. It includes VIP seating along with a large video wall for game viewing. The property offers betting via tellers or self-service kiosks.

Yellow Brick Road Casino

Also, home to The Lounge with Caesars Sports, the Yellow Brick Road Casino opened soon after the Turning Stone property. This sportsbook has unique VIP fan caves as well as a large 32-foot large video wall.

New York State Sports Betting Laws And Tax Rates

Sports betting first launched in New York in 2019 in retail form. It was not until 2021, when Governor Andrew Cuomo signed the state budget into law, that mobile sports betting was approved. The language inside the budget allowed online wagering to be legalized.

The original online tax rate is set at 13% for online operators. However, this percentage may increase to a much higher rate as the bidding process begins for licensing.