John Ford | August 25, 2023 | Updated on: August 25th, 2023
New York online sports betting has been operational and legal since the beginning of 2022. At present, New York holds the title of being the largest sports betting state. The wagers placed by New Yorkers through online sportsbooks have already totaled $5 billion.
Keep reading for comprehensive details regarding New York’s sports betting platforms. This includes the most recent updates, evaluations of the leading sportsbooks available for New Yorkers, and more.
Top New York Sports Betting Sites & Apps
Best New York Sports Betting Bonuses
- XBet Sportsbook Bonus – 50% welcome bonus up to $500 when you make a minimum deposit of $45. Bonus code: XBET50. This bonus has a 7x Rollover requirement and only applies when you make your first deposit at the casino.
- BetOnline Sportsbook Bonus – 50% welcome bonus up to $1000 with a minimum deposit of $55. Bonus code: BET1000. This promotion comes with a 10 times (10x) rollover requirement.
- Sports Betting Sportsbook Bonus – 50% welcome bonus up to $1000 when you deposit at least $55. Bonus code: SB1000. A rollover requirement of 10 times (10x) is linked to this promotion.
- MyBookie Sportsbook Bonus – 50% first deposit bonus match up to $1000 with a minimum deposit of at least $50. Bonus code: MYB50. Rollover requirement: 10x.
How NY Sports Betting Bonuses Work
Many New York online sports betting sites offer promotions, including welcoming bonuses. These sports betting platforms also have a diverse array of attractive bonuses. To begin with, no deposit bonuses present themselves when users receive bonus bets or site credits without the obligation to deposit funds into their sportsbook accounts. Bettors must only register with an online betting site and occasionally input a promotional code.
On the other hand, deposit bonuses necessitate users to place funds into their online sports betting accounts to unlock the rewards. When you fund your accounts, the betting sites match either the entire deposit amount or a percentage.
Additional varieties of sports betting promotions include the provision of bonus bets if the initial wagers do not yield wins. In such scenarios, sportsbooks reimburse wagers up to a predetermined sum. To simplify, if you lose your bet, you regain your wager.
Through odds boosts, bettors encounter betting lines that exhibit more favorable odds than usual. For instance, a moneyline at +110 could be “boosted” to +240. Typically, these promotions are listed alongside other offers or within a designated odds boosts section.
How to Sign up for Sports Betting in New York
1. Visit the Website or Download the App
Once you’ve chosen a sportsbook, visit their official website on your computer or mobile device. Alternatively, you can download their official mobile app from the App Store (iOS) or Google Play Store (Android).
2. Create an Account
A “Sign Up” or “Register” button will be found on the website or app. Click on it to start the registration process. You’ll be prompted to provide personal information such as your name, date of birth, address, email, and phone number. Make sure to enter accurate information.
3. Verify Your Identity
Most sportsbooks will require you to verify your identity. This is typically done by providing a copy of your government-issued ID (like a driver’s license or passport) and sometimes a utility bill or bank statement for address verification.
4. Username and Password
Create a unique username and a strong password for your account. Make sure your password is secure and easily guessable by yourself.
5. Agree to Terms and Conditions
Read and agree to the terms and conditions of the sportsbook. This usually includes confirming that you can legally participate in sports betting and understand the rules and regulations.
6. Deposit Funds
To place bets, you’ll need to fund your account. Most sportsbooks offer payment methods, including credit/debit cards, e-wallets, and bank transfers. Choose your preferred payment method and follow the prompts to deposit funds.
7. Claim Bonuses
Some sportsbooks offer welcome bonuses or promotions for new users. If you’re interested in these offers, follow the instructions to claim them during signup.
8. Start Betting
With a funded account, you’re now ready to start placing bets. Browse the available sports, events, and betting options. Select the bets you want to place and add them to your bet slip. Review your selections and confirm your bets.
Popular Sports and Bet Types
New York stands out among the states’ rich history and esteemed professional sports franchises. Notably, all four major professional sports leagues have headquarters within the state. For sports enthusiasts in New York, legal sports betting encompasses renowned leagues like the NFL, MLB, NBA, and NHL.
Popular New York Online Sports Bets Types
- Moneyline Bets: The moneyline empowers you to wager on a particular team to win, disregarding the final score.
- Point Spread: By employing the point spread, you can bet on your preferred team winning by a margin surpassing a specific number (e.g., -12.5).
- Over/under: The over/under bets allows you to place a wager on whether the combined points of both playing teams will exceed or fall short of the designated total of 210.5 points.
- Live Betting: Through live betting (or “in-play” betting), you can place wagers on any previously mentioned markets. Moreover, on a more detailed level, you can even bet on whether a certain team will score during the fourth inning.
- Prop Bets: If you’re confident a certain player will exploit a vulnerable secondary and amass over 100 receiving yards. You can explore the prop bets section, where you will find such options.
- Future Betting: The same applies to futures betting. For instance, you might wager on a player leading the team to a Super Bowl win or make similar bets.
- Parlay Bets: You can bet whether a team will win outright, that another will cover the spread, and a player will perhaps score over a certain number of points. Bundle these predictions into a parlay bet to increase your earnings. But be mindful, should any component of the parlay fail, the entire bet is lost.
Who Can Partake in New York Sports Betting?
Like in all states individuals need to be of legal gambling age to partake in online sports betting in New York. Only Individuals aged 21 and above can engage in sports wagering within New York. The introduction of online betting has notably enhanced the accessibility of sports betting throughout New York State.
Here’s a concise overview of the prevailing sports betting landscape within the Empire State.
21 and Above: Meeting the Legal Age
To legally place sports bets or partake in casino games in New York, individuals must be at least 21 years old. However, those 18 and older can bet on horse races and purchase lottery tickets in NY.
Mobile Betting for the 21+
New York sports bettors now can create accounts with any mobile operators. This expansion enables sports betting to occur anywhere in New York. Remember to enable location services to ensure accurate verification of your precise location.
Remote Registration: Convenience for the 21+
Since the launch of mobile sportsbooks on January 8, 2022, remote registration is a viable option for residents of New York. New users looking to engage in NY sports betting can establish accounts from any location within the state.
Retail Sportsbooks: In-Person Betting
Retail sportsbooks are accessible at four commercial New York casinos and seven tribal casinos. It’s important to note that these locations are several hours away from New York City, potentially making them inconvenient for city residents.
Tax Considerations: Winnings and Rates
All types of gambling winnings are subject to a federal tax rate of 24% across the United States. New York residents should anticipate sportsbooks withholding an additional 8.82% from winnings exceeding $5,000.