Legal US sports betting has been spreading like wildfire since the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) in 2018. New York was the 10th state to legalize sports gaming, and the initial bets were placed on July 16, 2019.
A law was passed to legalize land-based sportsbooks in the state’s brick-and-mortar casinos several years before the Supreme Court ruling. As a result, there were no legal impediments on the state level, but the law did not include online sports betting.
In April of 2021, former Governor Andrew Cuomo signed a piece of legislation that made mobile sports betting legal in the Empire State. People in the Empire State will be able to take advantage of this convenience in the near future.
|DraftKings NY Projected Launch Date:||January 1, 2022 (tentative)|
|DraftKings NY Physical Sportsbook Location:||del Lago Resort &Casino in Waterloo, NY|
|Other States Where DraftKings is live:||Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, New Hampshire, New Jersey, New York, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming|
|Projected DraftKings NY Bonus:||20% deposit match bonus up to $1,000|
The New York State Gaming Commission announced the operators that will be licensed to maintain sports betting sites in NY on November 8. DraftKings sportsbook made the cut, and they will be able to obtain a 10-year license.
There is no firm timetable in place for the launch, but legislators have stated that the licenses should be issued by January 1, 2022. The objective is to launch live online sports betting prior to the Super Bowl on Sunday, February 13.
The law allows for point betting, moneyline betting, totals, and parlays along with some other options we will look at in another section.
We have not seen a formal announcement about a pre-registration bonus. However, we can make projections based on past precedent. Prior to its sports betting launch in Arizona, DraftKings was giving new players a $150 bonus for pre-registering sportsbook accounts, with no deposit necessary.
You do not see many sports betting bonuses that do not require some type of deposit, so this is a great offer. This is going to be a huge market, and the competition among the operators will be stiff. Incentives will yield dividends, so a similar pre-launch bonus may become available.
There’s a reason to think that mountains will be moved if necessary to open the DraftKings NY sportsbook in time for Super Bowl betting. Operators are paying $25 million for the licenses, and the state will tax the gross revenue at a 51% rate.
They’re required to house their servers in one of the existing licensed physical casinos, and they have to put up $5 million a year to obtain this right. Clearly, FanDuel is going to be in a significant hole on day one.
The American Gaming Association (AGA) placed a $4.3 billion estimate on total Super Bowl bets last year. In New Jersey alone, over $117 million was wagered on the Super Bowl, so there is a huge amount of money on the table.
There is every reason to believe the online DraftKings sportsbook will be up and running in time for the Super Bowl.
The retail DraftKings sportsbook is located at the del Lago Resort and Casino in Waterloo, New York, which is in Seneca County. This is between Rochester and Binghamton, and it is almost 5 hours away from the New York City metropolitan area.
It is a state-of-the-art retail sports betting facility with four betting windows and 23 wagering kiosks, with huge LED screens spread out over 6000 square feet. There is a full sports bar that serves food, and there are over 30 different types of beer on tap, so it is a sports bettor’s paradise.
The initial deposit bonus that is being offered at the time of this writing in other states is a 20% match up to $1000. There is a playthrough requirement to use the bonus money, so they will release one $1 for every $25 that you bet.
To put this in perspective, let’s say that you fund your account with $5000 to get the full $1000 bonus. You would be required to make $25,000 in cumulative bets to receive the full $1000 in bonus money.
We expect to see this offer extended to new DraftKings sportsbook users in NY. There is another welcome bonus that will pay out $100 for a $1 bet on the moneyline, and this may be added to the mix. This can be a better choice for people with modest bankrolls.
After you accept your sign-up bonus, there are other promos offered on an ongoing basis for existing players. One of them is the 50% same game parlay profit boost, and there are one-off payout boost promotions on specific proposition bets.
If you refer someone that opens an account, you and your friend would get a $100 free bet. These are examples of the types of DraftKings offers that will be available, and they always come up with new ideas.
When you open a legal online sports betting account at DraftKings, you will be required to provide personal information and proof of your identity. The requirements are stringent on the regulatory side, so the sportsbook operators have to follow the guidelines to comply.
Geolocation software will be used to pinpoint your location, so you must be physically present in the state of New York when you open your account. You will also be required to provide proof of residence, and you have to be able to use an approved method to fund your account.
There are three different stages that you will be led through when you are establishing your DraftKings sportsbook account.
After you have done all of the above, it is time to fund your online gambling account and make your first wager. Before you can a deposit, the system will require you to download geolocation software, and it will verify the fact that you are in the state.
When you click the deposit button, everything you need to know will be laid out for you in an intuitive manner.
These are the deposit methods that will be offered at the online NY DraftKings sportsbook:
The withdrawal methods are online banking, check, prepaid card, PayPay and Venmo, and the process is just as intuitive as the deposit function.
The DraftKings app will be available in iOS and Android formats, and the download is fast and seamless. The high-definition graphics are aesthetically pleasing, and the betting process is self-explanatory.
You simply tap the button for the wager that you would like to place, and it will be transferred to a bet slip. When you are ready to place the bet, you fill in the amount you want to risk and you tap the button to enter the bet.
This is a complete list of the sports you will be able to bet on the DraftKings app:
In addition to straight bets on sides, totals and event winners, there are other possibilities. You can make parlay bets, and there are basketball and football teaser bets. Teaser bets are best described as a single bet with multiple picks, and you get extra points against the point spread.
There are team propositions, like the number of touchdowns that will be scored, and there are player props. An example of a player prop is the over/under on the number of yards that will be gained by a running back.
You can make futures wagers as well. This is a bet on a team to win their league, division, conference or overall championship.
Daily fantasy sports contests are alive and well in the Empire state, so many residents of the state already have relationships with DraftKings. You can simply click a link at the top of the homepage to move between the daily fantasy sports site and DraftKings sportsbook NY.
You cannot freely transfer money from one account to the other. However, you can use your winnings from DFS contests for sports wagering.
Fans of the Yankees, the New York Giants, the New York Islanders, the Rangers, and the Knicks will be able to back their teams with cold hard cash at the online DraftKings sportsbook. At the present time, the state gambling law prohibits sports betting on games that involve NY-based colleges.
They post futures odds for all of the New York pro teams, and this is a good value bet. You make a single wager, and you stay in action as long as the team has not been eliminated from contention.
There are stories of people winning big money longshot futures bets because they backed their favorite teams. It doesn’t cost much to have a chance at a big score when the team is going off at long odds.
To recap, the DraftKings sportsbook payout options are somewhat more limited than the deposits. You can transfer winnings with Venmo and PayPal, and money can be loaded onto a prepaid card. Online banking and checks are the other two methods that are offered.
The NY online sports betting website will be identical to the sites in other states. This also applies to DraftKings sportsbook’s mobile app as well. The only difference will be a state-specific focus on promotions that involve New York sports teams.
Since del Lago Resort & Casino is DraftKings’ retail sports betting partner, one would assume that the partnership will extend to mobile sports betting as well. Sports betting sites also partner with professional sports teams, and DraftKings has established a partnership with Madison Square Garden Company.
This is the home of the Knicks and the Rangers, so they will be two of the partners. Time will tell if the company joins forces with any other New York teams. We will provide updates as the details come into focus, so we urge you to visit us often to stay up-to-date.
There are retail sportsbooks in 12 casinos that are all located in upstate NY. The only DraftKings retail sports betting facility is the one at del Lago.
We are looking at the DraftKings sportsbook app and the land-based location here, but there is a lot more that you need to know. You can visit our New York sports betting page to gain a more complete understanding of sports gaming in general along with the state-specific rules.
In all, the New York State Gaming Commission has granted mobile sports betting licenses to eight different entities. These are the other seven operators that offer online wagering to sports bettors:
A spokesperson for Rush Street Interactive has projected an early 2022 launch date.
At the end of the day, all the legal sports betting operators are offering the same product in a different wrapping. From an aesthetic point of view, some sites may feel more pleasing to you than others, but this is just a matter of opinion.
If you intend to make most of your bets on the DraftKings sportsbook app, you should be completely satisfied. The site has a slick black background so the important text really stands out, and there are no loading issues.
On the downside, the DraftKings offers for new players leave something to be desired. Several sites are running $1000 risk-free bet promotions, and Caesars Sportsbook is offering a $5000 risk-free bet. If you win the bet, you pocket the money with no strings attached.
As we have touched upon, we are going to provide updates about sports betting in New York and NY sportsbook apps on an ongoing basis. You should check back here from time to time to get the scoop as the Super Bowl gets closer.
In addition to the news that is specific to New York, there are resources on this site that will make you a more successful sports bettor. Feel free to look around and take advantage of the informative content.
Yes, there's already a New York DraftKings app in Waterloo, and the company will be receiving an online gambling license from the New York State Gaming Commission.
Sports betting became legal in NY on July 16, 2019, and DraftKings opened its doors at the del Lago Resort & Casino the following month.
There are DraftKings sportsbooks in Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, New Hampshire, New Jersey, New York, Pennsylvania, Tennessee, Virginia, West Virginia and Wyoming.
Not right now, but when the launch gets closer to being a reality, codes will be released. Where will you be able to find them? That's a good question, and here's the answer: DraftKings Promo Codes .
Yes, they were legalized via legislative mandate in April of 2021.
It's in the del Lago Resort & Casino in Waterloo, NY.
We expect to see a 20% deposit match bonus with a top bonus of $1000.
Yes, you will be able to download the Draftkings sportsbook app for easy mobile sports betting.
Yes, online gambling winnings are taxable income. Losses count as well, so you can claim gambling losses. However, you cannot claim losses unless they are being used to offset your taxable winnings.
You can make moneyline bets on sides and totals, and there is point spread wagering on basketball and football. The DraftKings sportsbook will take proposition bets and futures wagers along with parlays and teasers. Live sports betting is another option. This is a bet while a game is underway. The sports betting menu also includes halftime, quarter, and period bets.
You have to be a resident to establish an online or mobile sports betting account. However, a resident of any state can make sports bets at the retail DraftKings sportsbook.
You can bet on college and pro football, NBA and NCAA basketball, hockey, baseball, boxing, MMA, golf, tennis, motorsports, soccer, Australian rules football, cricket, darts, handball, rugby and table tennis.