Sports Betting NY – Legal New York Sportsbook Bonuses & Promotions February, 2024
Welcome to SportsBettingNY.com! With legalized gambling sweeping across the country we here at SBNY launched to provide New York sports bettors a site just for them! SBNY provides you with the latest sports picks, news, NY sportsbook reviews, and exclusive new user welcome bonuses and offers.
Best New York Sportsbooks & NY Sports Betting Apps
DraftKings NYBet at DraftKings NY
Bet $5 Get $150 Instantly – Plus Daily No Sweat SGP
DraftKings Sportsbook in New York offers a standout welcome bonus, making it one of the top promotions among New York sportsbooks. New users can activate this bonus without needing a specific promo code. By simply making a minimum deposit of $5 and placing an initial bet of $5 or more on any sports market, participants are eligible to receive $150 in bonus bets. This offer is a straightforward way for new bettors in NY to kickstart their betting journey with DraftKings.Read more
BetMGM NYBet at BetMGM NY
Daily One Game Parlay Boosts
Make no mistake, despite being a casino-based brand, MGM is all-in on online sports betting. The BetMGM app provides users with a wide collection of sports and bets to wager on, in addition to a full suite of casino and poker games (if available in your state).Read more
FanDuel NYBet at FanDuel NY
Bet $5 Win $150
In New York, FanDuel Sportsbook extends a compelling offer to its new users: the ‘Bet $5 on Any Moneyline, Get $150 in Bonus Bets IF Your Bet Wins’ promotion. This promotion is available exclusively to those opening a new FanDuel NY account. Additionally, all FanDuel customers in New York are eligible for a daily profit boost, further enhancing their betting experience. To participate, simply place a $5 bet on any moneyline, and if your bet is successful, you’ll receive $150 in bonus bets, adding significant value to your initial wager.Read more
Caesars NYBet at Caesars NY
First Bet up to $1,000
The exclusive Caesars Sportsbook NY promo code, SBNY1000, unlocks a unique first bet offer for new users. Upon using this code, if your initial bet does not result in a win, Caesars NY credits your account with bet credits, effectively offering a safety net for your first wager. This contrasts with other New York sportsbook bonuses that tend to offer guaranteed bet credits regardless of the bet’s outcome. Remember, the key to activating this offer is the initial wager placed after entering the SBNY1000 promo code.Read more
BetRivers NYBet at BetRivers NY
Risk Free Second Change Bet Up To $100
BetRivers has the foundation of a great sports betting site. It’s one of the premier services for live betting, has a wide variety of sports (the most of any app), and offers great promotions. Mobile bettors, however, will find the slow and clunky app a frustrating user experience.Read more
PointsBet NYBet at PointsBet NY
Rewards Progam, Early Partial Cash Out
PointsBet is one of the most trusted New York sports betting sites with a unique black-on-red design and slick app that is turning heads in NY. Players can enjoy one of the best rewards programs based on play.
New Yorkers can also expect to find daily odds boosts on all the NY teams like Buffalo Bills, New York Giants, the Jets, Mets, Yankees, Knicks and Brooklyn Nets to name a few.Read more
New York Sports Betting Picks & Predictions
Is Betting Legal In New York?
Betting is indeed legal in New York. The state legalized sports betting in 2013, marking a significant shift in its gambling policies. However, it wasn’t until July 2019 that the first official sportsbook opened in New York. A major development occurred on January 8, 2022, when mobile sports betting was launched, greatly expanding the accessibility of legal sports betting in the state. As of now, New York hosts eight live online sportsbooks, offering a variety of options for online betting enthusiasts in the Empire State.
Editors Choice For The Best NY Sportsbooks
Mobile sportsbooks now operating in New York include Draft Kings, Caesars Sportsbook, FanDuel, and BetRivers. Of these sportsbooks, Draft Kings and FanDuel seem to be the most popular with New Yorkers. This could be partly due to the fact that FanDuel has partnered up with the Buffalo Bills. Currently, New York players can choose from eight betting apps that are available for download in the iOS App Store and Google Play here are the SportsBettingNY.com’s top 5:
- DraftKings Sportsbook : Best overall app, with excellent new user bonus
- Caesars Sportsbook: Largest first bet new user offer, combined with outstanding daily odds boosts
- BetMGM Sportsbook: Best for daily player promotions and lions boosts
- BetRivers Sportsbook: Best for daily player promotions and contests
- FanDuel Sportsbook: Largest selection of daily player props.
Comparing The Best New York Sports Betting Apps
Since sports betting has been legal in the US for a few years now a good source of information is both the Google Play Store and IOS App Store to get a idea how users who have downloaded mobile sports betting app feel about each particular sportsbook.
|Store & Rating
NY Casinos With Retail Sportsbooks
Online sports betting is finally live in the Empire State. Since 2019, New York has had legal sports betting in-person only at eight casinos located in upstate New York; However, as of Monday, Nov. 8, 2021, the state of New York made NY sports gambling becomes an online reality with the licensing of 9 betting sites.
NY State Licensed Sportsbooks:
- FanDuel Sportsbook
- DraftKings Sportsbook
- Caesars Sportsbook
- Bally Bet
- Resorts World
NY Retail Sports Betting Locations:
|Del Lago Resort & Casino
|Resorts World Catskills
|Point Place Casino
|Rivers Casino Schenectady
|BetRivers (Rush Street Interactive)
|Turning Stone Resort Casino
|Empire City Casino
|Akwesasne Mohawk Casino Resort
|Yellow Brick Road Casino
How To Find The Best New York Sports Betting Site
Consumers want to be able to obtain a certain amount of information about a company before they decide that they are going to give them their sports wagering business. They are going to do their due diligence to find the right NY online sports betting site to work with. It is a big decision to figure out where you want to spend your hard-earned money.
One of the things that a lot more New Yorkers are doing these days is betting on sports. These New York sportsbooks have their own individual qualities. NY sports bettors need to do their research and figure out who has the best online New York betting app for them.
What Qualities Are Important To You In A Sportsbook?
Before you choose a New York betting app to bet with, you want to establish what qualities are important for you and the sports betting experience that you are looking for. Not all sports betting apps are going to be able to be all things for every bettor. You need to figure out what it is that you are looking for before you are going to be able to find the NY Sportsbook that is right for you.
Do you want a mobile sports betting site that is specialized for beginning bettors and offers a way for them to learn how to make successful bets?
Are you looking for a site that offers a wide range of different sports betting options like prop bets or parlays?
Are sportsbook bonus offers for first time or consistent deposits important to you?
You should also figure out the form of making deposits and withdrawing money works best for you.
Understanding How They Operate
When you are looking for a NY online sports betting app, you want to understand the way that they operate. You should look into how fast the different sports betting apps payout and if they have a good track record with their current customers on those payouts.
As a prospective bettor, you also want to make sure that the site that you are considering has competitively priced odds in comparison with the other sportsbook apps that are out there.
Different sportsbooks post odds at different times and you want to find a site that posts at a time that is best for you. You also want the site to be able to supply you with all the information that you need to make a bet. A prospective bettor wants to get a thorough understanding of how a site works before any money is put into play.
Customer Service Always Matters
At the end of the day, running a business that leaves its customers satisfied is part of the equation for a successful business. When you are looking for a great NY online sportsbook, customer service is definitely an important part of the equation. You will want to make sure that they have a physical address for their business and the telephone number that you are able to call. A section for frequently asked questions (FAQs) is also an important part of good customer service on the internet. It is important because it is a section where customers will be able to easily access the answer to many of their questions.
Social media is another important part of the customer service of these online betting sites. Facebook and Twitter presences for these sites are ways for their customers to establish a line of communication. Prospective bettors can follow and like their social media pages as a way to monitor how quickly they answer questions for their current customers and how active they are in these areas. The more active they are, the more in touch with their customer base they are. It is also a way for them to communicate specials and deals that they have going on for their customers as well.
What we look for in a NY Sports Betting App
Our website offers reviews on various NY sportsbooks & sports betting apps so that bettors who are doing their research have a great place to start when they are doing their research. We couple our knowledge of the industry with the information offered on the sites to create a list of the best online sportsbooks. It is a place where seasoned sports betting pros or brand-new bettors can kick off their search for a new site to bet with. Bettors can trust our reviews because our site was made for the bettor and created to help them determine the best site based on all the different things that they are going to be looking for.
Every bettor who decides to go online to do business with an online sportsbook is looking for something different. There are going to be things that they are going to want in an online sportsbook and bettors need to take the time to find the one that gives them what they are looking for. In order to suit every bettor, there are a diverse array of sites to accommodate the needs and wants of every type of bettor. Before a bettor makes their first deposit on a site, they need to do their research in order to find the sportsbook that is going to be the best fit for them.
There are a number of ways to gather the information that a bettor needs to find the right online sportsbook for their betting needs. Our site provides information about the numerous sportsbook companies and their history within the industry. Our site also shows the pricing for comparison of the sites, sports betting lines, points spreads, and when the sportsbooks do their postings. Other very important resources are online reviews and social media for betting apps.
At the beginning of a bettor’s search, one of the things that they are going to want to establish is an overall reputation and image of an online sportsbook. One of the ways that they can do that is to determine how legitimate the website actually is. Here at Sports betting NY we make sure every online sports betting site is licensed by NY state!
NY Online Sportsbook Reviews
Any good consumer is going to look for reviews of a company before they make the decision to spend their hard-earned money. This is the case with online sportsbooks as well. Reviews are a great way to get inside information about an online sportsbook without ever having to spend a penny. Their customers are going to discuss a lot of information about the website that prospective bettors are going to want to know. The reviews will reveal things like, various deposit options, deposit bonuses, various betting options, customers service, and the difficulty or ease of the payout process. The reviews will give prospective bettors an overall idea of how a sports betting site conducts their business.
When most people think of social media, they think of it as a way for people to connect. It is also a place where sports betting sites can do business. Reputable online sportsbooks create a presence on social media pages such as Facebook or Twitter. Not only are these pages a great marketing tool, but they are also ways for sportsbooks to interact and communicate with their customers. They are able to communicate with their bettors and prospective bettors in order to answer any questions they may have or deal with any issues. Prospective bettors can also utilize these pages in order to observe the way in which a particular sportsbook does business. Their responsiveness on social media is a great way to judge their customer service.
Type Of NY Sportsbook Bets
Do you love online sports betting? Then you know that it’s more popular today more than ever. Most countries, including the USA, have made it legal to bet on your favorite sport and with the passage of .
Did you know in 2020, the global sports betting industry had a market size of 203 billion dollars?
The excitement alone that comes with watching a game cannot be explained. It gets more fun when you place a bet, and the thrill that comes with knowing you have money on the line goes a notch higher.
When starting out your journey with New York online sports betting, some terms can be confusing. You may have difficulty understanding that there are different sports bets that you can make on your favorite New York teams like the Bills, Jets, Giants, Mets, Yankees, Nets, Knicks, Sabres, Rangers or Islanders.
Money Line Bets
A money line bet is easy to understand, and it involves two teams. First, you place a bet on your favorite team. If it wins, you win.
In a money line bet, also known as a “win bet,” you choose the person or team to place a win bet on.
Here, you place your wager on the margin of victory. Unlike the money line, where the spreads are in dollars, the point spread is represented in numbers.
A minus represents the favorite, while plus represents the underdog. The favorite wins with more points, and the underdog can lose within the number or win the game.
Let’s say Team C is playing team D. Team A has -7.5 points spread, and B has +7.5 points spread.
Team A (Favourite) will need 8 points or more to win the game. For Team B (underdog) to win, it must lose the game with 1-6 points or win entirely.
In the over/under or total bet, the sportsbook will predict a number, then the final score of both teams is combined.
If the total number is under the set number and you had placed a wager on the under, you win.
For example, the New York Jets are playing the Arizona Cardinals, and the point total is 55. If the final scores for the Packers were 27 and Cardinals 15, their combined total is 42.
The combined total is below the point total. This means if you had placed a wager on under, you win your bet.
Parlay bet (accumulator) accumulates wagers and makes them one bet. The winnings from each wager are combined with the wager in the next leg. Each individual bet must win in the parlay to become a winner.
If you lose one bet in a three-leg parlay, you lose the entire wager. The beauty of a parlay is that a bettor can risk a small amount of money and gain a considerable sum from the parlay.
In a teaser bet, the bettor can combine a minimum of two games and shift the lines. Then a bettor teases the lines by adjusting the line with six points. Teasing will lower the return on the bets.
Teaser bet is used in football and baseball only. The amount that a bettor teases can be six in football and four in basketball.
Example, Baltimore Ravens(-7.5) and Chicago Bears(+1.5).If you are not comfortable with the spreads, you can tease them by adding six points. They’ll look like this after the teaser: Ravens(-1.5) and bears (+7.5)
Proposition bet, also referred to as novelty bet, does not require the final scores. Instead, you bet depending on what happens or does not happen.
Prop bet relies on chance. This is like predicting who will do what first. In game prep, you bet on what will happen in the game, like which team will score first or have the most goals before halftime.
Player prop will predict things about a player, like who will score the first points.
These are bets on future outcomes of gaming events. The games can be due in a week or even months.
For example, when betting on a team to win the championship or betting on a player to receive an award. Future bets are placed before the season starts, and a bettor will receive his wins after the season ends.
Live Sports Betting
With live NY online sports betting, also in-play betting, a bettor can edit a wager after the game starts. Live sports betting is more fun since you can bet based on a team’s performance.
A bettor enjoys making a live wager since they can match their bets with the proceedings of the game. For example, you can bet based on halftime scores, missed goals, or several penalties.
Since online betting is for fun, make sure you choose the best betting type that will give you the enjoyment you deserve.
Wager on a game you enjoy and are confident in your ability to predict the player’s performance.
History Of NY Sports Betting
Sports betting is a relatively new hobby for New Yorkers when it comes to online wagering. Though in-person sports betting is not as new, online betting officially launched in early January 2022. Prior to that, from 2019 to 2021, New Yorkers could only place sports bets in person. This has been the case since 2013 when sports betting was first made legal in New York.
Five years later, in 2018, the U.S. Supreme Court vetoed the Professional and Amateur Sports Protection Act. When this happened, New York and other states finally had the option to grant licenses to sports betting operators. Several bills were then proposed in 2020 to make online betting legal for New Yorkers. However, at this time, lawmakers were still resisting the idea. In April 2021, the state set its 2022 budget and paved the way for both online and mobile betting to begin.
It wasn’t until November of 2021 that the rules and regulations for mobile sports betting in New York were released. Aside from the standard requirement of being 21 or older, New York will only allow bets to be placed when an individual is in the state. Anyone outside the state of New York is not legally allowed to engage in online sports betting designed for New Yorkers.
Another rule to be aware of is that New York does not allow anyone to place bets on any high school or college teams or on any type of e-sport under any circumstances.
The NY Online Sportsbook Scene
Within one month, in-person and mobile sportsbooks generated revenue in the amount of $123.1 million. The first week of February 2022 alone saw $315 million worth of bets placed. One week later, the total amount of bets placed equaled close to $2 billion.
Due to its sudden popularity in NY, it has ousted both Nevada and New Jersey as the new nation’s capital for sports betting. Within one week of online sports betting launching in New York, the revenue exceeded what the state of Nevada took in during the entire month of December 2021.
Currently, 51% of all online sports betting revenue is taxed in New York. However, this percentage may be lowered in the future, if more online and mobile sports betting operators enter the New York market. If and when there are more than nine sports betting operators, the percentage taxed could potentially drop by 10%. As of early 2022, there are nine operators licensed in New York, with the potential for more operators to gain licenses. Beyond those nine operators, an additional five have acquired their licenses but have not yet launched.
Overall, the city has gotten almost $80 million in sports betting revenue from sports bets placed online. This number is expected to increase to $5.8 billion by the end of 2022. The momentum is expected to continue in the coming years. New York has estimated that by the time 2025 begins, mobile sports betting will be worth $493 million a year.
Prior to the legalization of mobile sports betting in New York, approximately 20% of New Yorkers were heading into New Jersey to bet on their favorite sports legally. This was one of the driving forces for allowing sports betting to be legalized in New York. Since then, it has become the biggest state in the country that allows for mobile sports betting, making it instantly profitable.
How Sports Betting Is Taxed In New York
New Yorkers will be expected to pay taxes on any amount they win that exceeds $600. Winnings that are more than $600 but less than $8,500 will be taxed at a rate of 4%. It should be noted that if the $600 is won on a single bet, the sportsbook gets tasked with filing the proper paperwork with the IRS. However, if the $600 is won over the course of several bets, the bettor is the one responsible for filing the paperwork.
New York’s Best Mobile Sportsbooks
Mobile betting has already proven to be a huge success in New York. The revenue generated from all of these sportsbooks will be partly used to support the state’s education system.
State officials seem optimistic about the future of mobile sports betting. It has already proven to be a very lucrative move that has positioned New York as the number one sports betting market in the country.
Learn How To Bet in Your Borough of New York City
New York is the 4th largest state in the United States, with over 20 million residents, and with New York City is the most densely populated major city in the US put together a how-to for each burrow within the city as well as Long Island. When you combine New York City and Long Island you make up 75% of the entire NY state Population.
- Long Island Sports Betting
- Manhattan Sports Betting (NYC)
- Brooklyn Sports Betting
- Bronx Sports Betting
- Staten Island Sports Betting
NY Sports Betting FAQ’s
Online sports betting in NY was legalized in April 2021, since then 9 sports betting licenses have been issued by the New York State Gaming Commission and plan to launch in the first quarter of 2022
Currently, only sports betting has been legalized, to gamble at a casino online you must be inside a neighboring state like Connecticut, New Jersey, or Pennsylvania. Or visit a casino in person in upstate NY, CT, NJ or PA
There are no casinos in NYC, however just outside the Bronx Yonkers raceway has a casino, or you can visit Long Island as your closest destination.
The New York State Gaming Commission regulates and licenses all NY sportsbooks and sports betting sites.
Anyone over the age of 21 and located within the borders of New York state may participate in NY sports betting
It’s been estimated that the New York sports betting annual revenue will hit $1 Billion