New York Sports Betting Guide – Get Up To $5,000 In Free Bets

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It’s an exciting time for New York sports betting. Following strong public support, the State’s legislature has been busy drafting and enacting laws the allow for legal sports betting in New York. This guide will provide you with all you need to know about online sports betting and finding the best online sportsbooks.

The Best New York Sports Betting Sites List 2021

Whilst there are currently no online platforms licensed by the State, you can play at a variety of top-rated New York sports betting sites. To help you find the most suitable one easily, we have outlined our top 10 recommendations.

  • BetOnline Overall Best New York Sports Betting Site.
  • Bovada – Best NY Sports Betting Site for Streaming.
  • MyBookie – Best New York Sportsbook for Cryptocurrencies.
  • BetUS – Most Valuable Welcome Bonus for NY Players.
  • XBet – Best New York Sports Betting App.
  • Intertops – Top Provider for Fast Payouts.
  • Sportsbetting.ag – A Favorite NY Sportsbook for Early Odds.
  • BetNow – Best New York Sports Betting Site for Ongoing Promotions.
  • GT Bets – Best New York Betting Site for VIPs.
  • BUSR – Top NY Sportsbook for Horse Racing Odds.

Is Sports Betting Legal in New York?

Retail sports betting is legal, and online sports betting will become legal in 2022. This means that in a few months, you will be able to wager on your favorite sports and events without worrying about restrictions. Not surprisingly, as a result of welcoming betting laws, you will find numerous opportunities for land-based and online sports betting in New York.

Online Sportsbooks

BetOnline Online SportsbookThe selection of online sportsbooks in New York is on the increase even before the law comes into effect. Whilst there are currently no licensed platforms in the State, you can access a variety of top-rated and reputable offshore sportsbooks from your computer or mobile.

In 2021, NY mobile sports betting was allowed, and this increased the popularity and availability of online sportsbooks.

Land-based Betting

For the time being, since only retail NY sportsbooks can legally accept sports bets, the choice is fairly limited. You can place sports bets in a number of licensed land-based casinos, including several tribal casinos up-state.

If you are a resident of New York, you can place sports bets at:

  • Bridgeport New York Sportsbooks
  • Point Place Casino Sportsbook
  • Chittenango New York Sportsbooks
  • Hogansburg New York Sportsbooks
  • Monticello New York Sportsbooks

Within a short amount of time, New York has proven that it has the potential to become the biggest state for the value of sports bets.

Horse Racing & Off Track Betting

Horse racing has been legal in New York for decades and has been under the direct supervision of the New York Gambling Commission. Apart from regulating the industry, the NYSGC is responsible for issuing operating licenses to horse racing tracks.

Off track betting is available at one of the approved sportsbooks. However, since these tend to be far away from the general population of the State, online sportsbooks have become a popular option. You can find numerous New York sports betting sites that offer odds on horses.

BUSR, for example, offers an extensive racing book featuring both national and international competitions. Furthermore, you can find a variety of thoroughbred and harness races and a range of straight and exotic markets. BUSR gives rebates of up to 3% on horse racing bets and is welcoming new players with a bonus worth up to $500 with promo code WELCOME50.

Timeline of New York Sports Betting Legislation

To get to the point whereby NY online sports betting is legal, the State’s legislature had to overcome numerous hurdles. Here are some of the key moments:

  • 2018 US Supreme Court overturns federal ban on gambling.
  • 2019 – In-person betting is legalized in the State.
  • 2021 – The NYSGC launches bidding for an online sportsbook in NY.

Offshore Betting in New York

Online sports betting is a massive industry internationally, and various sportsbooks have been trying to enter into the promising US market. Today, you will find several offshore betting sites that accept players from NY. Whilst you are free to join any of these platforms, you need to be aware of the fact that recourse is difficult if you have any issues, such as delayed payouts.

A great way to avoid this hassle is to use the best sportsbooks in New York. Even though they are not licensed by the State, these offshore platforms hold an operating license issued by competent jurisdictions, such as Curacao or Panama. Moreover, we have checked these New York sports betting sites and found them to be reliable and to offer a superb user experience.

Are DFS Legal in New York?

FanDuel DFS

Yes, Daily Fantasy Sports (DFS) are legal and can be played online or on mobile. As with many other states, NY makes a clear distinction between DFS and sports betting. This has led all the major DFS platforms, including FanDuel and Monkey Knife Fight to offer their services to NY residents.

New York Casino Laws

Whilst the State has been making headway to legalize and regulate the sports betting market, there has been less interest to change casino laws.

Online Casinos

Whilst you only need to wait for 2022 for New York sports betting sites to be legal, it is unclear if and when online casinos will be introduced. Residents of the State must travel up-state or to neighboring states to play their favorite casino games.

Since this is certainly not convenient, many decide to use offshore online casinos. Just like with an offshore online sportsbook in NY, an online casino based abroad can be reluctant to pay out to US players. This is why you should always opt for a properly licensed platform.

One of the safer options is to pick a site offering both a casino and sports betting in New York. If this is your goal, you can’t go wrong with BetOnline. This trustworthy entertainment platform offers a wide selection of sports combined with thousands of casino games. You can create an account today and claim your 100% crypto deposit bonus worth up to $1,000.

Land Based Casinos

Whilst online casinos remain illegal in NY, land-based casinos have been around for some time. Just like with many other states, there are different rules governing tribal lands. As a result, the majority of casinos are situated within the confines of tribal land located up-state.

You can play a selection of slots and table games in a number of licensed casinos. These include:

  • Yellow Brick Road Casino
  • Akwesasne Mohawk Casino
  • DraftKings Sportsbook at del Lago Resort & Casino
  • FanDuel Sportsbook at Tioga Downs Casino Resort

As you’ve probably deduced from some of these names, the majority of land-based casinos include New York sports betting options.

How Gambling is Taxed in New York

New York taxes winnings derived from gambling in a similar way to other states. Since income tax is paid in NY, a State tax of between 4% and 8.82% must be paid. The exact percentage depends on your income.

If you happen to live in NYC, you will need to pay an additional 3.876%.

That’s not all, however, as Uncle Sam wants his share too. Just like gambling tax across the country, you will need to part with an additional 24% in federal tax.

You can offset some of your gambling winnings by providing itemized losses. If you do this, we highly recommend that you speak to a professional to ensure that you follow the State’s gambling tax laws correctly.

Best New York Sportsbooks Reviewed

In the following section, we’re going to have a closer look at our top five best New York betting sites. As you’re reading through these mini-reviews, keep an eye out for the generous welcome bonuses available.

1. BetOnline – Overall Best New York Sports Betting Site

BetOnline Sportsbook

There are several reasons why we consider BetOnline to be the best New York sportsbook. For starters, it is available across digital devices and features over 25 different sports and events. It offers a user-friendly interface and once you’re logged in, you can place your first sports bet in seconds.

BetOnline has a range of simple and creative markets across both local and global competitions. It is particularly great for NBA betting, offering a great choice of pre-game, in-play, and NBA draft markets.

In addition, BetOnline offers 24/7 live chat support and a variety of security measures.

By signing up to this top-rated New York sports betting site, you will be able to claim a generous welcome bonus. The sportsbook will instantly double the value of your first payment by up to $1,000. Before you can withdraw your bonus, you will have 30 days within which to fulfill the rollover requirement on bets with odds of 2:1 or better. Enter promo code, BOL1000, to claim this your offer today.

BetOnline Pros:

  • Generous welcome offers
  • Good selection of prop bets and odds
  • A safe and regulated sports betting site
  • 24/7 live chat support

BetOnline Cons:

  • Fees on some withdrawal options

2. Bovada - Best NY Sports Betting Site for Streaming

Bovada Sportsbook

Bovada is one of the best-known New York sports betting sites. In fact, the sportsbook is famous throughout the USA for being the only platform to offer streaming of select matches and competitions. Complimenting this great feature is an extensive live betting market full of straight and exotic bets.

Moreover, Bovada ranks amongst the best New York mobile sports betting sites. Apart from offering a free Android and iOS mobile app, the main website is designed to be mobile-friendly and responsive.

Bovada offers over 15 sports markets, as well as politics and entertainment bets. It is one of the sites for online gambling NY for college football and baseball, providing early and competitive odds.

You can sign up to Bovada today to claim a welcome offer worth up to $750. To get this 100% match deposit bonus, you must place a cryptocurrency payment and follow the T&Cs. These include fulfilling the rollover requirement of bets with odds of 2:1 or better. Enter promo code BTCSWB750 to receive your Bovada new player bonus today.

Bovada Pros:

  • Live streaming available
  • Great selection of sports and eSports
  • Extensive sports coverage
  • $1 bets accepted

Bovada Cons:

  • No welcome bonus for USD payments

3. MyBookie - Best New York Sportsbook for Cryptocurrencies

MyBookie Sportsbook

MyBookie is a powerful and well-thought-out sportsbook that only barely missed out on being second-best. Unlike Bovada, it does not offer streaming, however, it does accept a very good selection of cryptocurrencies and USD payment methods.

Even though MyBookie does not have a downloadable betting app, it does offer a mobile-friendly website with a user-friendly interface. The bet slip is only a tap away, providing a quick and convenient way to place and manage your bets.

This top New York sports betting site offers one of the greats selection of international events, with a dedicated in-play bet page and sports news. When the time feels right, you can cash out early on a variety of markets to make the most of your correct predictions.

The MyBookie cryptocurrency welcome bonus rewards you with a 100% match of up to $1,000. Before withdrawing this bonus, you will need to wager it on bets with odds of 2.5:1 or higher. There is no specific time period within which to fulfill this requirement. To claim this MyBookie bonus use promo code MYB100.

MyBookie Pros:

  • Great cryptocurrency bonuses
  • Top odds for live bets
  • Features virtual sports
  • Top-ranking mobile betting app

MyBookie Cons:

  • Limited eSports selection

4. BetUS - Most Valuable Welcome Bonus for NY Players

BetUS Sportsbook

BetUS offers the highest-value new player bonus available from any of the best New York sportsbooks listed here. When you register an account with this provider, you will be able to claim a 125% cryptocurrency bonus worth up to $2,500. Use promo code JOIN125 to claim the offer.

The downside of this offer is that you will only have 14 days within which to fulfill the wagering requirement on odds of 2.8:1 or higher.

The welcome bonus is not the only reason why we consider BetUS to be amongst the best New York sports betting sites. In operation for over 24 years, the platform provides a user-friendly experience with access to over 20 sports and several entertainment, politics, and novelty markets.

In addition, BetUS delivers extensive sports news and commentary, provided through its BetUS TV series.

BetUS Pros:

  • BetUS TV sports commenta
  • 24/7 live chat support
  • Very generous welcome bonus
  • Fast payouts with cryptocurrencies

BetUS Cons:

  • Only 14 days until welcome offer expires

5. XBet - Best New York Sports Betting App

XBet Sportsbook

Even though we’ve placed XBet at the fifth-best New York online sports betting site, don’t think that this platform is not worth your time. This sportsbook has plenty to offer, including support for cryptocurrency payments and its own Android and iOS app.

XBet is often touted as being amongst the best sportsbooks in New York for beginners. It’s not difficult to see why. Users can enjoy an intuitive interface with an easily accessible bet slip and one-tap bet options. Even if you’ve never placed a sports bet before, you will quickly realize how easy it is.

Another reason for XBet ranking amongst the best sportsbooks in New York is its welcome bonus. As a new player, you can claim a 100% match bonus of up to $500. Although it doesn’t sound like much, this bonus has no expiry date and allows you to place bets with odds of at least 2:1. No promo code is required to get this offer.

XBet Pros:

  • Reasonable bonus terms
  • Quick payouts
  • Daily horse racing rebates
  • 24/7 live chat support

XBet Cons:

  • Limited creative markets available

New York Betting Sites Comparison

If you’re still unsure which New York sports betting site to sign up with, we’ve created a handy table to help you.

Number of Sports Welcome Bonus Live Streaming Payment Methods
BetOnline 20 100% deposit match up to $1,000 No Credit card, debit card, wire transfer, Bitcoin, Bitcoin Cash, Ripple, Ethereum, Litecoin
Bovada 22 100% Bitcoin deposit match up to $750 Yes Credit card, debit card, Zelle, Bitcoin, Bitcoin Cash, Litecoin
MyBookie 18 100% deposit match up to $1,000 No Credit card, debit card, wire transfer, Bitcoin, Bitcoin Cash, Ripple, Ethereum, Litecoin
BetUS 22 125% deposit match up to $2,500 No Credit card, bank wire, Bitcoin, Bitcoin Cash, Ethereum, Litecoin
XBet 21 100% deposit match up to $500 No Credit card, debit card, Bitcoin, Bitcoin Cash, Litecoin
Intertops 17 100% deposit match up to $500 No Credit card, debit card, Bitcoin, Bitcoin Cash, Skrill
SportsBetting.ag 16 100% deposit match up to $1,000 No Credit card, debit card, Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple
BetNow 10 100% deposit match up to $500 No Credit card, debit card, Bitcoin, Bitcoin Cash
GT Bets 18 100% deposit match up to $500 No Credit card, debit card, Bitcoin, Bitcoin Cash, Litecoin, Ripple
BUSR 17 20% deposit match up to $500 No Credit card, debit card, Bitcoin, Litecoin

How to Bet on Sports in New York

Now, we'll show how to get started with sports betting in New York, using our number one recommended sportsbook, BetOnline.

Step 1: Create a BetOnline Account

To sign up, head to the BetOnline website and click ‘Join Now.’ You just need to provide some basic information such as your name, email, phone number, date of birth, and a password.BetOnline Create Account

Step 2: Verify Your Email

To finish creating your account, simply click the verification link BetOnline emails you.

Step 3: Deposit Funds

You can fund your BetOnline account with a credit card, debit card, bank transfer, or cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple.  BetOnline Make a Deposit

Step 4: Start Betting

Now you’re ready to start wagering on sports in New York with BetOnline. Head to the betting lobby to see a list of upcoming markets in the betting lobby, add ones like to your bet slip, choose how much you want to bet, and you're good to go!

betonline-lobby

Conclusion

Sports betting in New York has had a difficult journey, but it looks like things are about to get a lot better. If you enjoy playing at the best New York betting sites and backing your favorite teams, then pick one of our recommendations to place your first bet in minutes. Remember to claim your NY sportsbook new player promotion and to look out for ongoing offers and rebates.

FAQs

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Sergio is a very experienced writer based in Malta, one of the world's iGaming capitals, who is an expert in all things gambling.