New York sportsbooks are legal having launched a few years back in certain upstate casinos. The state has fallen well short of expectations for the industry, however, we just got the news that 9 online sportsbook operators have been approved for licensing in NY.
- Bally Bet
- BetMGM Sports
- DraftKings Sportsbook
- FanDuel Sportsbook
- Caesars Sportsbook
- Resorts Sports
Sportsbooks in New York are limited to just retail locations at this time. Yet, well before Super Bowl betting starts, you’ll be able to register at the aforementioned books.Jump to
Currently, the lack of New York online sportsbook options has kept the handle and revenue numbers down as other states, like Colorado sportsbooks, throughout the US have seen tremendous growth. Faced with an increasing budget deficit, the movement to offer online sports betting picked up some serious momentum in 2021, and it looks like you’ll finally be able to wager online with sportsbooks in NY state by the end of the year.
The current retail sportsbooks are hours away from New York City, and most bettors are not willing to travel that far. Instead, these bettors are heading across the border to New Jersey, where online betting is available. This will soon be prevented by allowing mobile wagering from within borders.
Allowing NY online sports betting will provide a huge boost to the state. Recent development in the regulatory process indicates a launch of legal online sports betting in late 2021.
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New York Sportsbooks
As of January 2021, retail sportsbooks were the only option in the state of New York. Fortunately, this is now longer the case and by the end of 2021, you will be able to register an online sportsbook account in New York. This was only possible because there was strong support to get the rules changed in the state; lawmakers cleared the way earlier this year.
There are currently eight retail sportsbooks in New York, and these are offered at commercial and tribal casinos in the state. New York City is not home to any retail betting options, and that has hurt the market in terms of growth.
The FanDuel Sportsbook at Tioga Downs and DraftKings Sportsbook at del Lago Resort Casino are two of the most popular retail sportsbooks in the state. Rivers Casino and Resorts World Catskills are the two other commercial casinos in New York that offer sports wagering.
These commercial New York casinos are among the 9 online books selected to be issued licenses.
However, currently, in order to place a bet in New York, bettors must travel to one of these retail sportsbooks and create a sports betting account. Customers are not limited to just one account and are free to bet at any of the licensed retail sportsbooks.
Get more online sports betting information from other states
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NY Sports Betting Rules
Current New York sports betting rules are pretty clear, and there are just two major restrictions. Sportsbooks do have plenty of freedom when choosing available betting markets, with all of the top professional sports in the US being offered.
There are also international betting markets available in NY sports betting, but these options vary by sportsbook. Each sportsbook will choose what sports or leagues to feature, but there is a long list available to them.
The two major restrictions in New York are:
- Betting on NY College Teams or Events in the state are illegal
- Betting is limited to sporting events.
Several states in the US have limitations when it comes to collegiate sporting events, and NY is no different. This does hurt the betting market as NY has some popular college sports teams.
Betting on esports is also illegal in New York as it is not deemed a sporting event. This restriction also applies to betting on awards shows such as the Grammys or ESPYs.
NY Sports Betting Regulations
NY sports betting actually dates all the way back to 2013 when voters in the state passed a referendum to expand gambling in the state. Sportsbooks were included in that referendum, but the state has to wait for the federal ban on sports betting to be lifted.
The New York State Gaming Commission approved sports wagering rules and regulations in January 2019 even though legislation was not signed. There were some attempts during that year to allow for online sports betting as well, but those bills died out quickly.
Bill S 17 was sponsored by Senator Joseph Addabbo, and it aimed to include online sportsbooks when the industry launched. That bill was able to pass through the Senate, but a formal vote was never granted.
Governor Andrew Cuomo was originally an opponent of NY online sports betting, claiming that a constitutional amendment was needed to add that form of betting. Cuomo has since changed his stance, and as of 2021, is in full support of legal online sportsbooks in the state.
Addabbo started the process of introducing legislation to legalize online sports betting this year, with a pair of pre-filed bills. Bills S1183 and A2157 were jointly filed, and they accomplished exactly what the governor is hoping for.
Recent developments in the regulatory process for regulated online sports wagering continue to move forward. At least two sportsbook operators will be authorized to offer online sports betting through mobile betting apps. This list includes a consortium of FanDuel, DraftKings, BetMGM, and Bally Bet. Another group of operators is made up of Caesars, Wynn Interactive, Resorts, PointsBet, and Rush Street Interactive.
The latest legislative effort in New York is geared toward adding legal sports betting in the state’s race tracks and professional sports arenas. Taking a page out of Florida’s “hub and spoke” model, legal sports betting would be expanded under the proposed Senate Bill S7536.
This change in the law would allow in-state race tracks to act as hosts for online operators. Further more, off-track betting venues and sports facilities would have the ability to act as affiliates for the same group of nine mobile operators. Resorts World already operates video lottery terminals (VLT’s) at Aqueduct Racetrack in Queens. It would be granted the ability to install sports betting kiosks at the track.
The proposed measure does not include MGM Resorts International, which operates Yonkers Raceway and the Empire City Casino. The New York Gaming Commission would have final approval over any affiliate agreements.
Senator Addabbo is the primary sponsor behind SB S7536.
Latest New York News
The lack of online sportsbooks in New York has hurt the market in terms of growth and potential. NY sportsbook apps would immediately provide a boost to the state and we’ll, fortunately, see this development soon.
New York is loaded with professional sports teams that would help drive the industry, and the state would start taking business back from neighboring New Jersey. There are some big-name operators already in the state, and it would not take much effort to transition to online betting.
A new legislative measure, SB S7536 would open the door to legal sports betting at in-state horse racing tracks, off-track betting venues and professional sports facilities.
State lawmakers and Governor Cuomo’s pursuit of online sports betting by late this year is nearing a close. New York could eventually become the biggest sportsbook markets in the country. Retail business only has caused the state to fall behind the existing market leaders.