PointsBet New York Five $50 Second Chance Bets Promo & Honest 2023 Review

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PointsBet New York Sportsbook brings all its finest features, including partial cashouts and “Name a Bet” to the Empire State. This operator is already a hit in other US states and we expect the same here. Moreover, it has partnerships with NBC and a host of pro sports leagues, including the NBA. Plus, this US betting site is offering a strong welcome bonus up to $250, giving NY sports bettors something to smile about. Scroll for our comprehensive, honest PointsBet New York review before you sign up.

🎁 PointsBet New York Bonus: 5 Second Chance Bets Worth $50 Each
🎁 PointsBet New York Promo Code: None - GET BONUS HERE
🏆 Top PointsBet Sportsbook Features: Points Betting, Name A Bet, Partial Cashouts
📱 PointsBet NY Mobile App: Yes - iOS & Android apps
🤝 PointsBet NY Sportsbook Partner/s: Oneida and St. Regis Mohawk compacted tribes, NY Jets
📅 PointsBet New York Live Since: January 2022
⌚️ PointsBet Withdrawal Time: 1–3 days on average
💵 Min. Cashout: $10 (ACH/eCheck)

PointsBet New York Pros & Cons

Green Circle with white tick in the center Partnered with NBC
Green Circle with white tick in the center Excellent Welcome Bonus and Promotions
Green Circle with white tick in the center Great Software for Desktop + Mobile
Green Circle with white tick in the center Name a Bet + Points Betting Features
Green Circle with white tick in the center Partial Cashouts
Green Circle with white tick in the center Licensed and Regulated in New York State
Green Circle with white tick in the center Live Same Game Parlays - NBA & NFL
Green Circle with white tick in the center Aesthetics May Not Please Everyone

PointsBet New York Sign Up Bonus for New Players:

Here's some interesting information on PointsBet New York bonuses, covering what to expect regarding both the PointsBet NY welcome bonus and other promotions.

🎁 PointsBet New York Promo Code: None - GET BONUS HERE
🎁 PointsBet New York Second Chance Bets: 5x $50 fixed-odds second chance bets
💳 PointsBet Minimum Deposit: $10 to claim bonuses
💰 PointsBet NY Wagering Terms: 1x rollover required to withdraw funds
✔️ PointsBet New York Bonus Last Verified: September 2023

PointsBet New York sportsbook promo code

More PointsBet New York Promos

Lead by 2, You Win You automatically win any Premier League bet (up to $50) if your team is winning by two goals.
Refer A Friend - $100 Free Bet Use your affiliate link to refer a friend and, as long as they bet at least $20, you’ll receive a $100 free bet.
Risk-free Bets The brand is always finding ways to award returning customers. It's likely players will get to see free bet and risk-free bets promos on select events. Regularly check the brand's promo section for latest offers for existing users.

Our Honest PointsBet Review

PointsBet brings its unique brand of Points Betting to the Empire State. It’s among the well-known New York online sportsbooks. It scores well in all major categories, including betting bonuses, markets, odds and banking options. It also has the unique advantage of offering Points Betting. Even if you’re only into traditional betting, you’ll find more than enough markets to choose from. Our only real complaint is that the promotions could be more frequent. Overall, PointsBet looks to become one of the more-popular New York betting sites for a reason.

Overall Rating for PointsBet NY: (4.3 / 5)

No-Deposit Bonuses and Bonus Bets 4/5
Odds Boosts and Promotions 4/5
Quality of Odds VS. The Competition 4/5
Noteworthy Sportsbook Features 5/5
Market Variety and Bet Types 4/5
Deposit and Cash Out 5/5
Mobile App Design & Performance 3/5
Rewards Programs & Loyalty Offers 5/5

Here’s how we break down PointsBet while performing our review:

1. No Deposit Bonuses and Free Bets: 4/5

PointsBet doesn’t offer a no deposit bonus at the moment. However, its welcome bonus is massive which is why we give it high marks in this category anyways. Again, you can receive five second chance bets worth up to $250 in total.

The 1x rollover on losses makes it easy to earn back what, if anything, you lose on the first five wagers. Assuming you win the bets, then you’ll keep the winnings and move on. You don't need a PointsBet New York promo code to activate the offer. All you have to do is click on one of the buttons in our review.

2. Odds Boosts and Other Betting Promotions: 4/5

PointsBet rotates their promotions around on a fairly regular basis, based on our experience with this brand in other states. At the time of this review, though, it’s offering the “Lead by 2, You Win” and Refer-A-Friend promos. It also features an outstanding rewards program (covered later) that helps you potentially earn extra money.

Some PointsBet promotions merely call on you to opt-in, while others require a code. You can find out about the offers either through the promotions page or the email newsletter.

3. Quality of Odds VS. The Competition: 4/5

The quality of odds essentially refers to what juice (a.k.a. vig) operators take from losing bettors. On spread and totals bets, for example, the average bookmaker takes 10% juice (-110 odds) from the losers.

PointsBet typically falls in line with the industry average on point spreads and totals. It’s in tune with Caesars and FanDuel, for instance, which both offer standard -110 odds. When PointsBet deviates from the norm, it usually splits odds, with the favorite featuring -105 odds and the underdog featuring -115 odds.

4. PointsBet New York Sportsbook Features and Experience: 5/5

PointsBet really stands out in terms of features. It specifically differs from the competition by offering Points Betting and Name A Bet.

Points Betting

New Yorkers can bet in a completely different way at this sportsbook, thanks to Points Betting. Unlike traditional fixed odds bets, every point matters with this type of wager. Basically, PointsBet sets a line and you have to pick a number above that line and define a bet amount. You’ll win a prize equal to the size of your bet for every point the select team scores above the line. For example, if the line on the Knicks was 80 points and they scored 90 points, you’d win 10X your bet (i.e. because the finished 10 points above the line).

Request a Bet

Otherwise known as “name a bet,” this feature gives you a chance to create a wager that the oddsmakers haven’t thought of. All you have to do is go to the “name a bet” section of the sportsbook, fill out the form, and submit your idea. The oddsmakers review your request and, if they like it, you’ll see it in the “name a bet” lobby with some associated odds.

Live Same Game Parlays on NBA & NFL

PointsBet New York is unique because it features live same game parlays. Rarely available in online betting, a live same game parlay lets you build parlays while games are happening. It differs from regular same game parlays, which are only available before a match begins. PointsBet NY is currently offering the live version for NFL and NBA games.

5. Market Variety and Bet Types: 4/5

This operator does an adequate job of covering markets. It, of course, covers all of the main sports, such as basketball, baseball, football and hockey. PointsBet also features smaller markets, such as darts, table tennis and volleyball.

It doesn’t offer as many obscure sports (e.g. futsal, Gaelic games) as the biggest NY online sportsbooks. However, you probably won’t mind these absences if you’re mainly interested in wagering on the big and intermediate markets.

As for bet types, you’ll have access to all common wagers and unique wagers. Moneylines, point spreads, totals, parlays, prop bets and live bets are on the menu.

6. Depositing and Cashing Out: 5/5

Based on what we saw in other states, PointsBet accepts just as many payment options as other leading New York brands. It takes major credit cards, PayPal, bank transfer, eCheck and PayNearMe. As for withdrawals, you can get your money via bank transfer, eCheck and PayPal.

You can get started after depositing as little as $10. The smallest minimum cashout is $5 with an eCheck. Most withdrawal options deliver your money within 1–3 days.

💰 PointsBet NY Wagering Requirements: None
⌚️ PointsBet NY Withdrawal Time: 1-3 days
💳 PointsBet NY Minimum Deposit: $10

7. Mobile App Design & Performance: 3/5

The navigation on the PointsBet app is fine. The app presents the markets and betting lines in an orderly manner. We didn’t experience any trouble with lagging or crashing during our review either.

However, the black-and-red color scheme isn’t our favorite on the market. It becomes hard to look at after a while. Other New York betting sites do a better job of mixing their color schemes up for readability.

You can download the PointsBet app through Google Play or the App Store. PointsBet features a 4.6 rating at Google Play and 4.7 at Apple.

Mobile Sports Betting Experience at PointsBet

The PointsBet New York mobile app mirrors the desktop site. In practice, this means you can install the iOS or Android app, log in and place pre-event and live bets. You’ll also be able to find a full range of bonuses, watch live streams, and take advantage of features such as request a bet.

8. Rewards Programs & Loyalty Offers: 5/5

The PointsBet Rewards program sees you earn points with each wager placed. You’ll receive 1 point for each of the following circumstances:

You can redeem these points for cash as soon as you’ve earned 250 points. The exchange rate is $1 for every 100 points. PointsBet Rewards is straightforward and a fair program that should measure up well to other NY betting VIP plans.

PointsBet New York - Overview

PointsBet NY Compared to New York Sportsbooks

Although it doesn’t have the same brand recognition as FanDuel or Caesars, PointsBet compares favorably to these sports betting giants. It offers competitive bonuses, plenty of markets and innovative features.

Caesars and FanDuel do edge PointsBet out regarding market variety. Both feature just about every sport you could think of. However, PointsBet gains the upper hand in terms of features. No New York sportsbook can match its Name A Bet and Points Betting options.

PointsBet FanDuel Caesars
No Deposit Bonuses and Free Bets4/54/54/5
Odds Boosts and Promotions4/55/54/5
Quality of Odds vs. The Competition4/54/54/5
Noteworthy Sportsbook Features5/54/54/5
Market Variety and Bet Types4/55/55/5
Deposit and Cash Out5/55/54/5
Mobile App Design and Performance3/55/55/5
Rewards Programs and Loyalty Offers5/55/55/5
OVERALL RATING:34/40 37/4035/40

PointsBet is one of the best New York betting sites for features. You won’t find its innovative offerings anywhere else in the market. It also fares well in most other categories, such as bonuses, bet types, markets and rewards.

Meanwhile, FanDuel and Caesars provide great all-around experiences. They cover the most markets and offer more promotions than PointsBet.

How to use the PointsBet New York Betting App

Some people love the black and red color scheme at PointsBet, others won’t. Irrespective of your aesthetic tastes, this sportsbook is ideal for New York customers. The sports menu is housed inside a retractable boxout that appears on demand. This gives the latest betting odds prime position on your screen.

Anyone in the state of New York with access to PointsBet can also make pre-event and in-play bets. Additionally, it offers parlays, and you’ll also be able to watch live sports streams via your desktop or mobile device.

Finally, if you need another reason to hit the sign-up button, PointsBet offers unique ways to bet in New York. We’ll cover these later on in this betting review. For now, just know that there are wagers you won’t find at any other New York sports betting site.

Creating a PointsBet Account in NY

Sports betting in New York is open to anyone aged 21+ and located in the Empire State. You don’t have to be a native New Yorker, but you do need to be in New York City or any other part of the state. If that applies to you, follow these steps to join PointsBet NY sportsbook:

  1. You can ACTIVATE YOUR OFFER HERE and you'll head to the PointsBet registration page.(No PointsBet New York promo code needed)
  2. Allow the geolocation software to ascertain your location and confirm that you’re allowed to bet in New York.
  3. Enter your personal details, including the last four digits of your Social Security Number (SNN).
  4. Create your PointsBet login by inputting a username and password.
  5. Verify your account, log in, and make a deposit to start betting in New York.

Funding your PointsBet NY Account

The New York State Gaming Commission only approves reputable operators that demonstrate they offer fair odds, secure software, and handle your money in a responsible way. When it comes to handling your money, this means storing your funds in segregated bank accounts so it can’t be used for business purposes.

Additionally, it means letting you choose from a variety of reputable payment processors. To make a deposit at PointsBet, you’ll need to do the following:

  1. You can ACTIVATE YOUR OFFER HERE to create an account.
  2. Select one of the following payment processors: Visa, MasterCard, PayNearMe (7-Eleven and other affiliated stores), PayPal, ACH/eCheck, or online bank transfer.
  3. Once the transaction is approved (usually a few seconds), the funds are ready to use so you can start betting on sport in New York.
PointsBet New York payment methods - how to make deposits and withdrawals

PointsBet NY Payment Options

Regulations set out by the New York Gaming Commission ensure that every deposit and withdrawal you make it guaranteed. In other words, PointsBet has a duty to not only protect your money but honor payment requests. Not only that, it has honor the odds it offers, as well as its promotions. Basically, if anything is out there for the public to see, it’s an official product and PointsBet has to deliver on its promise.

The minimum deposit at this NY online sports betting site is $10 and withdrawals should start at $5 if you use ACH/eCheck. The average processing time for cashout requests is 24-48 hours, which means you should receive your winnings within 3-7 working days.

How to Place a Bet on the PointsBet App

Placing a bet is a three-step process at PointsBet:

  1. Tap the symbol showing three horizontal lines to open the sports betting menu.
  2. Choose a sport and scroll through the list of odds that appear in the center of the page.
  3. Tap the odds on the bet you want to make, enter your stake, and confirm the wager.

PointsBet betting - how to make place a bet

Top PointsBet Sports to Bet on from New York

PointsBet should offer parlays, moneyline betting, exactas, over/under bets, and many more wagers. New York bettors can also try innovative features such as Points Betting. All of this is great, but it counts for nothing if you haven’t got anything to bet on. 

Fortunately, PointsBet covers more events than almost any other sports betting site due to launch in New York. Indeed, as well as Empire State favorites like baseball and basketball, you’ll be able to speculate on popular sports worldwide.

New York Sports Betting Options at PointsBet

Best New York Sports Teams to Back or Fade

All online and mobile sports betting sites in the Empire State cater specifically to New York residents by offering top odds on local teams. PointsBet is no different, so it pays to be aware of the leading sports teams in the state of New York.

The good news is that the New York market is filled with top-quality franchises. There are fantastic collegiate programs, but it’s the pro ranks where the state really shines. For example, in the NFL, you’ve got the New York Giants and the New York Jets, both of which always do well.

In the NBA, you’ve got the legendary New York Knicks and the less popular but still entertaining Brooklyn Nets. There’s also one of the leading WNBA teams in the US, New York Liberty. Then, of course, there are the infamous New York Yankees and the always-competitive Mets.

Finally, you can look out for odds and offers on a variety of local hockey and soccer teams, including:

Daily Fantasy Mobile Sports Betting in NY

PointsBet can only offer standard betting options on sports in New York e.g. parlays, live bets, props, and moneyline bets. If you want to enter Daily Fantasy Sports competitions, check out DraftKings and FanDuel.


Is PointsBet Legal in New York?

PointsBet NY Sportsbook is one of eight licensed operators in the Empire State that have gone live since the official launch on January 8, 2022. This sportsbook offers a full range of services, including pre-event and in-play betting, live streaming, “name a bet,” and Points Betting. All licensed New York sportsbooks were live before the 2022 Super Bowl to offer odds on the biggest betting event of the year.

Who can bet on sports in New York?


Latest New York Online Betting Updates

January 8-17, 2022
1 of 6

The first five NY online betting sites and apps go live and start offering bonuses and odds, including on the upcoming 2022 Super Bowl.

November 2021
2 of 6

Nine betting operators are granted a license to operate in New York state. Later it is reduced to eight operators. Some even offer early-registration bonuses. These operators, including PointsBet New York Sportsbook, are required to pay 51% tax to the state. For that, they get to offer legal online and mobile sports betting in New York City, Staten Island, and every other region within the state.

July 2021
3 of 6

The bill quickly passes through the state Senate and House. The New York State Gaming Commission opens bidding processes for operators.

April 2021
4 of 6

New York online sports betting becomes a reality.

January 2021
5 of 6

Governor Andrew Cuomo announces he wants to make online and mobile sports betting legal in New York too.

6 of 6

Retail sportsbooks go live in NY state.

PointsBet New York App vs Other States

The New York Gaming Commission made sports betting legal in April 2021 and, by November, nine operators were approved for a license, including PointsBet. What’s unique about PointsBet is that, unlike other New York sportsbooks, it doesn’t have a retail partner. That means you can’t go to a physical location in New York City (or anywhere else in the state) to bet on sport. Instead, everything is done online.

However, it’s important to note that this doesn’t affect the company’s credentials. Even though it doesn’t have a casino partner like other NY online and mobile sports betting operators, it is linked to NBC. That gives it enough status and standing within the US to hold a New York State gaming and betting license. Finally, just to make it absolutely clear that PointsBet is a legit operator, it also has partnerships with professional sports leagues in the US, including the NBA and NHL.

Additionally, the brand keeps working with amazing brand ambassadors that keep instilling trust in users who decide to use the platform. This is especially important for new markets, where the brand is expanding. PointsBet Maryland sportsbook recently went live in MD and the PointsBet Ohio sportsbook is yet to launch on January 1, 2023. Judging from the brand's popularity in other states, it'll make an impact in these new legal sports betting territories.

How the PointsBet App Compares to other NY Sportsbooks

We said earlier in this PointsBet New York review that it offers things other NY sports betting sites don’t. Things such early payouts and partial cashouts are unique within the New York sports betting scene. However, the features that really stand out from the crowd are Points Betting and request a bet. You won’t find these at other US online sportsbooks, which is why this operator has become of the top names in the business.

No PointsBet Physical Locations in New York

PointsBet does not currently offer any retail locations in New York. While it does have a retail sportsbook at Illinois’ Hawthorne Race Course, it’s not typically known for land-based betting. That said, we have no idea if PointsBet will feature NY retail betting.



Customer Support Options at PointsBet New York

You can contact PointsBet through email or live chat 24/7. We reached out to PointsBet via live chat and connected with a rep in 30 seconds.

Responsible Gambling with PointsBet New York Sportsbook

This betting site offers multiple options to promote responsible gambling. Depending upon your needs, you can request any of the following:



Our Expert Verdict on PointsBet New York

PointsBet’s features are what stand out the most. If you’re looking for something different, Points Betting and Name A Bet are what you need. This betting site also offers a huge welcome bonus, plenty of banking options and two dozen markets. While it could stand to improve on aesthetics and promotion frequency, PointsBet is still an upper-tier NY sportsbook.



PointsBet NY FAQs

Yes, it is. PointsBet was approved by the New York Gaming Commission in November 2021 and went live in January 2022, which means it can offer sports betting in the Empire State. You can claim an exclusive five second chance welcome bets up to $50 each here.

Yes, you can. New Yorkers and anyone else in New York State aged 21+ can use the Pointsbet online and mobile sports betting site and app. You can claim an exclusive 5 second chance welcome bets up to $50 each and check the full review here.

You need to be in New York State and 21 or older to join PointsBet NY and place bets. You can claim five second chance bets, worth $50 each right here.

Yes, sports betting in New York is now legal in retail (live) locations and online. There are several New York mobile and online sports betting apps, including Pointsbet New York sportsbook. Activate your exclusive welcome offer of up to a $250 bonus here.

Besides Pointsbet New York, you can use the online betting app if you're in Colorado, Illinois, Indiana, Iowa, Michigan, New Jersey, Virginia, and West Virginia.

Yes, if you bet and win on Pointsbet New York, you have to pay federal and state taxes on gambling profits in New York. If you're a New Yorker, the state tax rate is between 4% and 8.82% depending if you're betting at commercial locations or through online or mobile apps.

No. All deposits, withdrawals, and bets are with no fees at PointsBet New York.

No. As long as you're in the Empire State and 21 or older, you can click here to activate your 5x $50 second chance bonus bets welcome package, join PointsBet NY and start making bets online.

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