Sports Betting in New York: A Comprehensive Guide

New York has quickly become one of the largest and most dynamic sports betting markets in the United States. Since the launch of online sports betting in January 2022, New Yorkers have embraced the ability to wager on their favorite teams and sports from the convenience of their mobile devices. This guide provides a comprehensive overview of the sports betting landscape in the Empire State as of early 2026.

Current Legal Status and History

Sports betting in New York has a layered history. While retail sports betting was technically legalized in 2013 as part of a casino expansion bill, it wasn't until the Supreme Court's 2018 PASPA repeal that the state began to establish a regulatory framework. In-person sports wagering finally launched in 2019 at several upstate commercial and tribal casinos.

The real game-changer was the legalization of mobile sports betting. After much debate and legislative negotiation, Governor Andrew Cuomo signed a bill in April 2021 that authorized online sports wagering. The New York State Gaming Commission selected nine operators to launch, and the first mobile sportsbooks went live on January 8, 2022. The market has since exploded, consistently ranking as one of the top states for betting handle and revenue.

Available Sportsbooks and Their Features

New York boasts a competitive market with nine licensed mobile sports betting operators. Each offers a unique platform, promotional offers, and betting options. Here are the sportsbooks available in New York:

• FanDuel Sportsbook: A market leader known for its user-friendly interface, same-game parlays, and extensive betting markets.
• DraftKings Sportsbook: Another top contender offering a robust platform, a wide array of prop bets, and a popular loyalty program.
• Caesars Sportsbook: Known for its generous rewards program, Caesars Rewards, and competitive odds, particularly for major sporting events.
• BetMGM: The "King of Sportsbooks" provides a sophisticated betting experience with a deep selection of sports and live streaming options.
• BetRivers: A solid choice with a straightforward platform, a generous welcome bonus, and a strong loyalty program.
• Fanatics Sportsbook: A newer entrant to the market, Fanatics is leveraging its massive sports apparel brand to create a unique betting experience with integrated rewards.
• Bally Bet: Offers a clean, no-frills mobile app with a focus on core betting markets.
• Resorts World Bet: The mobile platform for the popular New York casino, offering a convenient way to bet from anywhere in the state.
• ESPN Bet: A major player that launched in late 2023, leveraging the powerful ESPN brand and media integration.

Types of Bets Available

New York sports bettors have access to a wide variety of wager types, including:

• Moneyline: A simple bet on which team will win the game outright.
• Point Spread: A bet on the margin of victory. The favorite must win by a certain number of points, while the underdog can win or lose by less than the spread.
• Totals (Over/Under): A bet on the total number of points scored in a game by both teams combined.
• Parlays: A single bet that combines multiple individual wagers. All legs of the parlay must win for the bet to cash.
• Teasers: A type of parlay where the bettor can adjust the point spread or total in their favor in exchange for a lower payout.
• Prop Bets: Wagers on specific events within a game that may not be tied to the final outcome (e.g., a specific player to score a touchdown).
• Futures: A long-term bet on an event that will happen in the future, such as a team to win the Super Bowl.
• Live Betting: Wagering on a game while it is in progress, with odds that update in real-time.

Tax Implications for Winnings

Sports betting winnings are considered taxable income in the United States. In New York, this means winnings are subject to both federal and state taxes. Sportsbooks are required to issue a Form W-2G if you win $600 or more and the winnings are at least 300 times the amount of your wager. However, you are legally required to report all winnings, regardless of the amount. The federal tax rate on gambling winnings is a flat 24%, while New York State imposes its own income tax, which varies based on your income bracket.

Mobile vs. Retail Betting Options

New Yorkers have the choice between betting online via mobile apps or in-person at one of the state's licensed retail sportsbooks. Mobile betting offers unparalleled convenience, allowing you to place wagers from anywhere within the state's borders. It also provides access to a wider range of sportsbooks and promotional offers.

Retail sportsbooks, located in commercial and tribal casinos, offer a more traditional, social betting experience. These locations feature large video walls, comfortable seating, and dedicated betting counters. The retail sportsbooks in New York include:

• FanDuel Sportsbook at Tioga Downs Casino Resort
• DraftKings Sportsbook at del Lago Resort & Casino
• Caesars Sportsbook at Turning Stone Resort Casino, Point Place Casino, and Yellow Brick Road Casino
• BetRivers Sportsbook at Rivers Casino Schenectady
• And others at various locations across the state.

Tips for Bettors in New York

1. Shop for the Best Odds: With nine different sportsbooks to choose from, it pays to compare odds for the bets you want to make. Even small differences can add up over time.
2. Take Advantage of Promotions: New York is a competitive market, and sportsbooks are constantly offering welcome bonuses, odds boosts, and other promotions to attract and retain customers.
3. Understand the Tax Rate: New York has one of the highest tax rates for sports betting operators in the country (51%). While this doesn't directly impact bettors' winnings, it can sometimes lead to less favorable odds compared to other states.
4. Bet with Your Head, Not Your Heart: It can be tempting to bet on your favorite New York teams like the Yankees, Mets, Giants, Jets, Knicks, or Rangers. However, successful betting requires objective analysis.
5. Set a Budget and Stick to It: Sports betting should be a form of entertainment, not a way to make money. Set a budget for how much you are willing to lose and never chase your losses.

Responsible Gaming Resources

New York is committed to promoting responsible gaming and providing resources for those who may be struggling with gambling addiction. The New York State Gaming Commission provides a number of resources, and all sportsbooks are required to offer tools that allow players to set limits on their deposits, wagers, and playing time. If you or someone you know has a gambling problem, you can seek help from the following organizations:

• New York State HOPEline: 1-877-8-HOPENY
• National Council on Problem Gambling: 1-800-522-4700
• Gamblers Anonymous: www.gamblersanonymous.org

By staying informed and betting responsibly, New Yorkers can enjoy the excitement of sports betting while minimizing the risks.