Overview of Sports Betting Legislation in New York
Sports betting in New York operates under strict state regulation. The legalization process began in 2013, when New York passed a law allowing in-person sports betting at four commercial casinos located upstate. However, it was not until January 2022 that mobile and online sports betting officially launched, following the state’s decision to license multiple online sportsbook operators. All legal sportsbooks in New York must be licensed by the New York State Gaming Commission and adhere to rigorous compliance standards, including age verification, geolocation checks, and responsible gambling measures.
Licensed Online Sportsbooks
As of now, New York has approved a limited number of online sportsbooks. These platforms are permitted to accept wagers from anyone physically located within the state’s borders, provided they meet the legal gambling age requirement of 21. Some of the major licensed operators include:
- FanDuel Sportsbook – Known for its user-friendly interface, broad betting markets, and competitive odds.
- DraftKings Sportsbook – Offers extensive sports coverage, innovative betting features, and promotional bonuses.
- BetMGM – Operated by MGM Resorts, providing an established reputation and diverse wagering options.
- Caesars Sportsbook – Recognized for its strong brand presence and loyalty rewards program.
- PointsBet – Notable for unique betting styles and high-risk, high-reward wagering systems.
- Resorts WorldBET – A New York-based option linked to Resorts World casinos.
- BetRivers – Operated by Rush Street Interactive, offering straightforward betting options and promotions.
- WynnBET – Associated with Wynn Resorts, featuring a clean interface and competitive promotions.
- Bally Bet – Integrates sports betting with other Bally’s entertainment offerings.
In-Person Sports Betting Locations
While online betting dominates, New York also maintains several physical sportsbooks at licensed casinos. These include:
- Rivers Casino & Resort Schenectady
- del Lago Resort & Casino
- Resorts World Catskills
- Tioga Downs Casino Resort
Each in-person location provides a full-service sportsbook experience, often including lounge seating, large-screen TVs, and dedicated betting counters.
Restrictions and Compliance
Despite the availability of legal sportsbooks, there are restrictions on certain types of wagers in New York. For example, betting on college games involving New York-based teams is prohibited, even if the event takes place outside the state. Prop bets on individual college athletes are also banned. All operators must integrate geolocation technology to ensure that bets are only placed within state boundaries.
Taxation and Revenue
New York imposes one of the highest tax rates on mobile sports betting revenue in the United States, currently set at 51%. This rate has generated substantial tax revenue for the state, which is primarily directed toward education, youth sports programs, and problem gambling prevention initiatives.
Summary
Sports betting in New York is legal and regulated, offering residents and visitors access to a variety of licensed online and in-person sportsbooks. The market is limited to state-approved operators, ensuring a secure and compliant betting environment, while maintaining strict rules to protect both consumers and the integrity of sports.
