Unless you've been living under a rock for the past few months, you'll no doubt have heard the news - online sports betting is officially coming to New York.
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|Current Status:||Legal, but not yet live.|
|Tentative Launch Date:||Early 2022|
|Type of Wagering that will be Allowed:||Retail (already legal) online and mobile (legal in early 2022)|
|Expected / Confirmed Bookies:||Barstool Sportsbook, bet365, BetMGM, BetRivers, Caesars, DraftKings, FanDuel, Fox BET, PointsBet|
|Sports allowed to bet on:||American Football, Baseball, Basketball, Hockey, Soccer, Golf, NASCAR, Horse Racing, Fantasy Sports||Legal Gambling Age:||18+||No. of licenses to be issued:||2 licenses permitting a minimum of 4 betting skins each|
While the rollout for online sports betting in New York has taken some time to gain traction, it's built up a serious head of steam over the past few months. In the following timeline, we'll take a look at the key events that have helped shape the future landscape for legal sports betting and US sportsbooks in the state.
Sports betting has been legal in the Empire State since 2013, with the commercial casinos in upstate New York offering a number of retail sportsbooks for bettors to choose from. It could be argued that the state was somewhat ahead of its time in terms of paving the way for legal sports betting, with an operator-friendly 10% tax revenue charge providing a favorable deal for brick-and-mortar venues.
With so many professional sports teams in the state, it makes perfect sense New York legislators would want to be fairly lax with their sports betting regulationsSports betting regulations. Thankfully for New York residents, markets on all of the major sports leagues are widely available, with bets on the NFL, MLS, and NHL all accepted. Indeed, sports bets can legally be placed on pretty much any competition you can think of, with the exception of college sports, which are prohibited under the Amateur Sports Protection Act.
Even before the recent shake-up regarding online betting in the state, New Yorkers have been able to enjoy wagers on daily fantasy sports. In fact, separate legal provisions were written up for daily fantasy sports as far back as 2016 to distance them from regular sports betting, and DraftKings Fantasy, FanDuel DFS, Yahoo, FantasyDraft, and Draft have all since acquired permits to legally operate within New York.
New York - along with California - is one of the two pre-eminent states for horse racing in America, with both Saratoga and Belmont being world-famous racetracks. While the horse racing industry has been something of an institution for over 100 years, proper state regulation did not arrive until 2017, when sports betting permissions were extended to racetracks and OTBs. These days, in-person betting on horse racing is fully legal, while the state already has a successful mobile horse betting product.
The available range of New York sports betting markets is no different from what you'd find in any other legal state. This means that bettors will be able to choose from pre-match bets including moneylines, spreads and totals, live betting on the in-play action, and futures markets such as who will win the next Super Bowl. If you're looking for something a little more outlandish, certain prop bets are available on request, while multiple wagers can also be combined in a parlay for long odds and huge pay-offs.
At the time of writing, if you want to place a sports bet in the state of New York, you'll need to visit a retail sportsbook and do it in person. Unfortunately, New York City does not currently have any retail sportsbooks, despite offering land-based casinos, so you'll have to travel to one of the 10 locations that provide retail sports betting instead. The closest of these is Resorts World Catskills - which is some 90 miles from Manhattan - however, you will be able to inquire about the lines they're offering by phone.
Like most of the other states that have already legalized online betting, neighboring New Jersey also requires bettors to be within the state before they can wager online. That being said, given the close proximity between New York and New Jersey, it is technically possible for players to simply hop across the Hudson River and turn on their smartphone's geolocation service to place bets from within state lines, as there is no actual residency requirement for betting at an any of the online NJ sportsbooks.
Retail Sportsbooks and Locations in New York
|Point Place Casino||Caesars Sportsbook||450 NY-31, Bridgeport, NY 13030|
|Turning Stone Resort||Caesars Sportsbook||5218 Patrick Rd, Verona, NY 13478|
|Yellow Brick Road Casino||Caesars Sportsbook||800 W Genesee St, Chittenango, NY 13037|
|Del Lago Resort & Casino||DraftKings Sportsbook||1133 NY-414, Waterloo, NY 13165|
|Tioga Downs||FanDuel Sportsbook||2384 W River Rd, Nichols, NY 13812|
|Rivers Casino Schenectady||Bet Rivers||1 Rush St, Schenectady, NY 12305|
|Resorts World||Catskills Sportsbook||360 888 Resorts World Dr, Monticello, NY 12701|
|Seneca Allegany Casino||Sports Lounge||777 Seneca Allegany Blv, Salamanca NY 14779|
|Seneca Buffalo Creek Casino||Sports Lounge||1 Fulton St, Buffalo, NY 14204|
|Akwesasne Mohawk Resort||Sticks Sportsbook||873 NY-37, Hogansburg, NY 13655|
Although Gov. Cuomo's proposed legislature for NY sports betting was signed, sealed and delivered as far back as April, we still await the official launch of online sportsbooks in the Empire State. Hopeful licensees have already submitted their bids and will now move forward with oral proposals to the NYS Gaming Commission, but the proposed selection date for applicants is not until December 6 this year.
When this date comes around, two applicants will be permitted to offer legal sports betting in the state, with each being granted four "skins" through which they can operate online sportsbooks. Although the official go-live day could even be later that month, more conservative projections believe it will only happen in early 2022, with New York sports bettors hopeful of a launch in time for Super Bowl LVI.
Mobile sports betting has always been central to Gov. Cuomo's plans and under his newly approved, state-run model, it is expected to form a significant part of all gross gaming revenue in the state. As such, once the NYS Gaming Commission announces their decision over which of the hopeful licensees will be permitted to offer legal US sports betting sites in New York, mobile apps will swiftly follow.
When the much-anticipated launch date does finally come around, New York sports bettors will have a wealth of options to choose from. Markets will be provided for all major domestic competitions such as the NFL, MLS, NBA, and many more, while popular international tournaments like the English Premier League will also be available. In addition to team sports, horse racing and fantasy bets will be offered.
As is the case in New Jersey, Connecticut, and several other nearby states, New York will prohibit sports bettors from wagering on any events that involve college athletes who play for schools in the state. In addition, no online betting markets will be offered on popular eSports such as Counter Strike and League of Legends, though New York may follow the likes of Colorado and change their stance on this in time.
While in-person sports betting can currently only be conducted at retail sportsbooks in upstate New York, the good news for customers is that online sports betting should be far more accessible. Indeed, so long as any prospective sports bettors are placing their wagers from within state lines, they'll be able to do so legally at any of the authorized New York sportsbooks once licenses have been issued.
With online sports betting licenses still to be confirmed, none of the six applicants have yet been able to reveal whether they will offer pre-registrations bonuses. That being said, if we expect New York to follow the examples set by successful legal online sports betting launches in other states, once the two official online betting partners have been decided, there should be a range of great offers available.
While the two successful license applicants - and their proposed sports betting skins - are not set to be announced until December 6, 2021, the bids released by the RFA have given us a decent indication as to which mobile sports betting apps stand a good chance of going live in New York. Below we've listed some of the top online bookies we expect to be available to New York residents in the coming months.
One of the big two daily fantasy sports specialists included in Betfair's bidding group, there’s plenty of precedent for DraftKings launching sports betting apps in legal states. With the company already active in neighboring New Jersey, you'd think DraftKings Sportsbook would be one of the smoothest launches that NYS Gaming Commission will consider, especially given they're already partnered with del Lago.
The other daily fantasy sports heavy hitter included in Betfair's bid, launching a FanDuel Sportsbook in New York should be relatively uncomplicated. For one, the company already offers retail sports betting through the Tioga Downs casino brand and - much like DraftKings - it has plenty of experience when it comes to bringing mobile sports betting to customers, having already gone live in a number of states.
Included in one of the two separate bids that were filed by the Kambi consortium, PointsBet is live already in seven states including New Jersey and Colorado, making it a well-positioned brand to offer NY sports betting. While it may not have the same clout as DraftKings or FanDuel as it lacks a retail betting partnership in the state, we'd still put PointsBet down as one of the more likely brands to launch in NY.
Another powerhouse sports betting brand included in the Betfair application, the BetMGM sportsbook looks to be a hot favorite to launch in New York. The company already takes plenty of action on New York sports via its mobile betting apps in New Jersey and Pennsylvania state and also boasts a fantastic track record for providing both land-based and online sports betting, making it a fairly safe pick for NY regulators.
With Caesars Sportsbook already having an established partnership with one of the local tribal casinos in New York, the company certainly has something of a competitive edge in the RFA bidding process. A familiar name to most Americans, Caesars recently rebranded all of their William Hill apps as Caesars Sportsbook, which puts them in arguably the strongest position of any label in the Kambi proposal.
|Sportsbook||Applicant||Partnership||States of Operation|
|Barstool Sportsbook||Kambi Group||N/A||IL, IN, MI, PA|
|Caesars Sportsbook||Kambi Group||Point Place||TN, CO, IL, IN, IA, MI, NJ, NV, VA, WV, DC|
|PointsBet||Kambi Group||N/A||NJ, IA, CO, IN, IL, MI|
|Bet Rivers||Kambi Group||Rivers Casino||CO, IL, IN, IA, MI, PA, VA, NJ|
|WynnBET||Kambi Group||N/A||VA, CO, IN, MI, NJ, TN|
|Fanatics Sportsbook||Kambi Group||N/A||No other states|
|Sportsbook 360||Kambi Group||Resorts World||NJ|
|FanDuel Sportsbook||Betfair DBA||Tioga Downs||NJ, PA, IL, IN, IA, CO, WV, TN, MI, VA, WV|
|DraftKings Sportsbook||Betfair DBA||Del Lago||CO, IL, IN, IA, MI, NH, NJ, PA, TN, VA, WV, WY|
|BetMGM||Betfair DBA||N/A||CO, IN, IA, MI, NJ, NV, PA, TN, WV, VA, WY, DC|
|Bally Bet||Betfair DBA||N/A||CO, IA|
|FOX Bet||FOX Bet||N/A||CO, NJ, PA, MI|
|theScore Bet||theScore Bet||N/A||CO, IA, IN, NJ|
Now the million dollar question - how exactly does the NYS Gaming Commission decide which of the applicants will legally be able to provide New York sports betting?
Well, when the RFA was finalized a few days before the six NY mobile betting hopefuls submitted their bids on July 12, the evaluation criteria were also released. Here's a full breakdown of the scoring system:
When added together, this means that companies hoping to offer NY online sports betting can score a maximum of 75 points. However, an extra 5 points are available to any applicants who already have an established revenue-sharing agreement with an in-state Native American tribe, taking the total to 80.
As a final consideration, the higher the mobile betting applicant's proposed tax rate on sports betting revenue, the more it can score, with a maximum of 20 points awarded for a 50% share of all revenue.
As we previously mentioned, only two New York Sports betting licenses will be handed out to online companies, with each license allowing for a minimum of four sports betting skins. In practice, this means that if one of the big betting consortiums obtains a license, they can launch multiple brands.
It should be fairly obvious that the benefits of legalizing sports betting in New York are two-fold. On the consumer side, legal sports betting apps can provide a safer and better regulated online gambling experience, while for the state itself, New York sports betting revenue is set to skyrocket. This will, in turn, allow the NYSA to make good on their budget proposal and funnel millions into the economy.
While it's quite hard to quantify just how much online gambling will be worth to the state, Gov. Cuomo estimates legal online sports betting will bring in around $500 million in revenue per year. Naturally, that figure, while impressive by itself, is made all the more significant by the fact the state is currently hemorrhaging money to New Jersey, with around 20% of gaming revenue coming from New Yorkers.
When deciding which legal online sportsbook to call home, one of the first things New Yorkers should be looking at is what's in it for them in terms of sign-up bonuses. While the official welcome packages will only be announced once licenses have been granted, if we're willing to extrapolate data from other states, we can make some pretty reliable projections about what the bigger operators will likely offer.
|NY Online Sportsbook||Projected Offer|
|FanDuel Sportsbook||$1,000 in bonuses|
|DraftKings Sportsbook||$1,000 risk-free bet|
|Caesars Sportsbook||$500 risk-free bet|
|PointsBet Sportsbook||$2,000 in bonuses|
|BetMGM Sportsbook||$1,000 risk-free bet|
In addition to regular sign-up bonuses, once the go-live day for legal online gambling in NY comes around, there should be something of a bidding war among sports betting platforms as they vie for their share of the market. If other states are anything to go by, this should manifest itself in the form of pre-launch incentives for players who sign up early, including no-deposit bonuses and free bets.
Given the projected roll-out for mobile sports betting operators should come just in time for Super Bowl LVI, we can certainly expect that there'll be no shortage of special promotions to celebrate the occasion. In the past, both FanDuel and DraftKings have offered enhanced odds, risk-free bets and other bonuses on the NFL showpiece and would likely do so again on this and other sporting events.
1) New York Giants
While the Giants and the New York Jets both play at the MetLife Stadium in East Rutherford, New Jersey, New Yorkers will no longer have to physically attend games to bet on them using NJ sports betting apps - when legal online wagering in the state goes live, they can do so from New York City.
2) New York Knicks
The Knicks are a franchise best-known for having supremely talented teams that never quite win a championship, but New Yorkers have never been shy about betting on an underdog. Playing right in the heart of New York City at Madison Square Garden, they're one of the state's most famous sides.
3) New York Yankees
When the Yankees play the Mets, it's undoubtedly one of the year's biggest sporting events for New Yorkers. Residents in the state bet millions on the two sides every MLB season, and now they'll be able to do so from the comfort of their homes via legal mobile sportsbooks as well as in upstate casinos.
4) New York Rangers
Along with the New York Islanders and the Buffalo Sabres, the Rangers are one of the three teams to represent the state in the NHL. Although the Stanley Cup has evaded them for nearly three decades now, fans still believe; and ice hockey remains one of the most popular sports betting markets in New York.
5) New York Redbulls
With the MLS growing increasingly popular among NY sports bettors, the New York Red Bulls - along with New York City FC - are expected to take plenty of action when mobile sportsbooks are officially launched in the state. You'll be able to bet on both teams online and in-person at the upstate casinos.
So how exactly does New York's effort to legalize sports betting stack up against other states? Well, the New Jersey sports betting market is closely linked to NY, with around 20-25% of revenue estimated to come from bettors who cross the Hudson. However, unlike New York, NJ offers mobile betting access to more than a dozen sportsbooks and caps its gambling tax rate at a very operator-friendly 13.5%.
Pennsylvania sports betting, meanwhile, features some of the highest tax rates and license fees in the US, but both will be eclipsed by New York. Indeed, sportsbooks in the Empire State need to pay a huge $25 million application fee, surpassing the previous $20 million high set by PA. Another key difference is that PA licenses permit one brand per casino, whereas New York ones are much harder to come by.
+Fewer regulations allow for a greater range of markets
+Betting on both college sports and eSports is allowed
+More payment options and fewer verification checks
-Ease of access raises the risk of problem gambling issues
-Not accountable to the state and offer fewer player protections
- Players cannot be sure the sportsbook is licensed by a reputable regulator
+Cover all of the major sporting events
+Licensed, regulated, and completely legal to play at
+Put money back into the local economy via tax revenue
-Do not offer markets on in-state college teams
-Players must be within state lines to legally place a wager
-Licensing rules mean there is less competition in the market
Studies have revealed that the majority of bettors in the New York market are in fact responsible gamblers who set budgets on what they bet, whether online or in person. However, problem gambling is taken very seriously in the state and the NYS Gaming Commission, The New York State Office of Addiction Services and Supports, and the New York Council on Problem Gambling have formed the Responsible Play Partnership to ensure issues arising after online sportsbooks go live are dealt with.
Yes, sports betting has been legal in New York since 2013.
Currently no, but you will be able to when the approved sites go live.
No official date has been set, but online sports betting should be available in time for Super Bowl LVI.
Providing Betfair DBA’s application is accepted, FanDuel Sportsbook is very likely to be legal in NY.
This hinges on the NYS Gaming Commission’s decision over licenses, but again it looks very likely.
Pre-registration is likely to be available after the successful applicants are announced on December 6.
Based on what we've seen in other legal states, all successful applicants will offer pre-registration.
Pre-registration allows you to claim limited-time offers in addition to your regular sign-up bonus.
Residency is not required to bet online in NY, but you will have to be within state lines to place a wager.
No. You must also be within state lines to legally place a wager at an NJ sportsbook.