New York Sports Betting: The Complete Guide

New York legalized online sports betting in January 2022. Here's everything NY residents need to know.

Is Sports Betting Legal in New York?

Yes. Online sports betting is legal for anyone 21+ within NY state borders.

Launched: January 8, 2022 Regulatory body: New York State Gaming Commission Tax rate: 51% (highest in the nation)

Legal NY Sportsbooks (2026)

Licensed Operators

All of these sportsbooks are legal and regulated in NY:

DraftKings
FanDuel
Caesars
BetMGM
PointsBet
BetRivers
Resorts World Bet
WynnBET
Fanatics Sportsbook

Never use offshore or illegal sportsbooks. Stick to the licensed apps above.

Best NY Sportsbooks

1. FanDuel - Most Popular in NY

Welcome bonus: Bet $5, Get $150 Why it's #1:

Largest market share in NY
Best odds on most markets
Clean, easy interface
Fast payouts
24/7 customer support

Best for: Overall best experience

2. DraftKings - Best Features

Welcome bonus: Bet $5, Get $150 Why it's great:

Most betting markets
Excellent parlay builder
DFS integration
Great promos

Best for: Experienced bettors

3. Caesars - Best Bonuses

Welcome bonus: $1,000 First Bet on Caesars Why choose it:

Largest welcome bonus
Caesars Rewards integration
Daily odds boosts
Generous ongoing promos

Best for: Bonus hunters

4. BetMGM - Best Variety

Welcome bonus: $1,000 First Bet Offer Why it's solid:

Wide range of bet types
MGM Rewards
Good tennis/soccer markets
Reliable platform

Best for: International sports fans

NY Betting Regulations

Age Requirement

Must be 21 years or older to bet in New York.

Verification required:

Driver's license or state ID
SSN for tax purposes
Proof of address

Geolocation

You must be physically in New York to place bets.

How it works:

Sportsbook apps use GPS to verify location
Cannot bet while traveling out of state
Can withdraw winnings from anywhere

Tip: Enable location services on your phone.

Taxes on Winnings

Sports betting winnings are taxable income.

Federal tax: Up to 37% (based on income bracket) NY state tax: 4%-10.9% (based on income)

Reporting:

Sportsbooks send 1099 forms for $600+ winnings
You must report ALL winnings, even under $600

Prohibited Bets

Cannot bet on:

NY college teams (partial ban)
College player props (any state)
High school sports

Can bet on:

Professional sports (all leagues)
Out-of-state college teams
International sports

NY Retail Sportsbooks

You can also bet in-person at casinos:

Upstate locations:

del Lago Resort & Casino (Waterloo)
Rivers Casino & Resort (Schenectady)
Tioga Downs Casino Resort (Nichols)
Resorts World Catskills (Monticello)

Downstate:

Resorts World NYC (Queens)
Jake's 58 (Long Island - coming soon)

Note: Online betting is more convenient and offers better bonuses.

How to Start Betting in NY

Step 1: Choose a Sportsbook

Pick 2-3 from the legal list above.

Recommended:

FanDuel (best overall)
DraftKings (most features)
Caesars (best bonuses)

Step 2: Download App

iOS: App Store
Android: Sportsbook website (not Google Play)

Step 3: Create Account

Required info:

Name, DOB, address
Last 4 of SSN
Email and phone
Photo ID

Verification: 5-15 minutes

Step 4: Make First Deposit

Accepted methods:

Debit card (instant)
Online banking (ACH)
PayPal
Apple Pay
Venmo

Minimum deposit: Usually $10

Step 5: Claim Bonus

Most welcome bonuses require a promo code at sign-up.

Make sure to:

Enter promo code before depositing
Meet minimum bet requirements
Use bonus bets before they expire

Step 6: Place Your First Bet

Start small ($5-20) to get familiar with the interface.

Popular Bets in NY

NFL - New York Giants & Jets

Most bet-on teams in NY.

Popular bets:

Point spreads
Over/under
Player props
Same-game parlays

NBA - Knicks & Nets

Second-most popular sport in NY.

Popular bets:

Moneylines
Player point props
Team totals

MLB - Yankees & Mets

Baseball betting is huge in NY.

Popular bets:

Moneylines (no spreads)
Run lines (-1.5/+1.5)
Totals (over/under runs)
First inning bets

NHL - Rangers, Islanders, Sabres

Hockey betting is strong in NY.

Popular bets:

Puck lines (-1.5/+1.5)
Totals
Period betting

College Sports

Can bet on out-of-state teams only.

Cannot bet on:

Syracuse, St. John's, Fordham, etc. (NY schools)

Can bet on:

Alabama, Ohio State, Duke, UNC (out-of-state)

NY Sports Betting Mistakes to Avoid

❌ Betting on your NY team every game (homer bias) ❌ Ignoring bankroll management (bet too much too fast) ❌ Using offshore sportsbooks (illegal, unsafe) ❌ Not shopping for best odds (costs you money) ❌ Forgetting to report winnings on taxes (IRS audit risk)

✅ Use multiple legal sportsbooks ✅ Bet 1-5% of bankroll per game ✅ Track wins/losses for taxes ✅ Shop odds before every bet ✅ Take advantage of promos

NY Responsible Gambling Resources

New York provides free resources for problem gambling:

NYS OASAS HOPEline:

Call: 1-877-8-HOPENY (1-877-846-7369)
Text: HOPENY (467369)
Available 24/7, confidential

Self-Exclusion Program:

Voluntary ban from all NY sportsbooks
Lasts 1, 5, or 10 years
Cannot be reversed early

Deposit Limits:

Set daily, weekly, or monthly limits
Available in all sportsbook apps
Helps control spending

NY Sports Betting FAQ

Q: Can I bet on NY college teams? A: No, NY prohibits betting on in-state college teams.

Q: What's the minimum age? A: 21 years old.

Q: Can I use a VPN to bet? A: No, this violates terms and can get your account banned.

Q: How do I withdraw winnings? A: Same method as deposit (PayPal, bank transfer, etc.). Usually 1-3 business days.

Q: Are winnings taxable? A: Yes. Federal + NY state tax applies.

Q: Can I bet while visiting from another state? A: No, you must be physically in NY to place bets.

The Bottom Line

New York has a mature, competitive sports betting market with excellent options.

Best strategy:

Sign up for 2-3 sportsbooks
Claim all welcome bonuses
Shop odds before each bet
Manage your bankroll responsibly
Track results for taxes

Sports betting is entertainment. Never bet more than you can afford to lose.

⚠️ Must be 21+ to gamble. Please gamble responsibly.

If you or someone you know has a gambling problem, call the National Council on Problem Gambling 24/7 at 1-800-GAMBLER (1-800-426-2537) or visit ncpgambling.org.