A timeline of New York sports betting history is below:
US Supreme Court strikes down federal ban on sports betting, paving the way for legalized mobile sports betting in New York.
Multiple sports betting bills are presented in the New York Assembly and New York Senate; however, none of these bills advance beyond the committee stage.
A new mobile sports betting bill, S17, which includes a .2% royalty on all wagers, to be paid to the leagues on which those wagers are placed, is voted through by the New York Senate. The bill would legalize all mobile sports betting in New York, but S17 never comes to a vote in the New York Assembly.
COVID-19 stalls progress on the legalization of mobile sports betting in New York.
Mobile sports betting is included in the 2022 New York state budget bill, officially legalizing the practice in New York state. Sportsbooks will be required to pay a one time fee of $25 million to provide mobile sports betting in New York, in addition to a $5 million annual fee.
After reviewing applications from sportsbooks in the second half of 2021, mobile sports betting officially launches in New York.
As of New Year’s Day, 2023, the following nine sportsbooks are licensed to conduct mobile sports betting operations in New York state: DraftKings, BetMGM, FanDuel, Caesars, BetRivers, PointsBet, WynnBet, BallyBet, Resorts World Bet.
New York Sports Betting Resources
Given the extensive range of betting options in New York, sports bettors in NY would be wise to make use of all of the myriad resources available to them. In the sections below, we cover the basics of sports betting, and detail all the necessary information to help you find the best sports betting value in New York.
Understand the Basics Before Sports Betting Online in New York
With this type of bet, teams are assigned a "spread," which indicates how many points they are expected to win or lose a given matchup by. If, for example, the New England Patriots are playing the Miami Dolphins with a spread of -4.5, this indicates that the Patriots are expected to beat the Dolphins by 5 points or more. If a bettor wagers on the New England, the bet could fail even if the Pats win, should the margin of victory be insufficient to cover the spread.
When wagering on the moneyline, bettors are simply predicting which team will win the game: the margin of victory is irrelevant. Each team's odds are represented by a positive or negative number, which also indicates potential payout. The favorite's odds will be negative, and the underdog's positive, and higher numbers indicate heavier favorite. Depending on odds, payouts for moneyline wager vary dramatically, and bettors should be sure to monitor the potential payout for any moneyline wager they place.
Over/unders are a type of wager with which a bettor places money on whether the total number of points scored in a contest will be greater or less than a predetermined amount. For example, if a sportsbook sets the over/under of a game between the Boston Red Sox and New York Yankees at 8.5, and the Red Sox win 5-4, then bets on the “over” will pay out, because more than 8.5 total runs were scored. However, if the Red Sox win 5-3, the over would lose, because fewer than 8.5 total runs were scored. It's important to keep in mind that over/unders are completely unrelated to who wins/loses the matchup.
Prop bets are closely related to over/unders, and again have nothing to do with the winner or loser of a matchup, instead being tied to the outcome of a specific event that takes place during a matchup. Both player and team props are enormously popular wager categories. A player prop, as the name suggests, relates the performance of a given player. For example, a bettor might wager on whether Jayson Tatum will score more than 29.5 points, or collect fewer than 6.5 rebounds in a particular outing. Team props are tied to the performance of an entire team: Will the Boston Bruins score more than 3.5 goals on a given evening? Will the New England Patriots force more than 1.5 turnovers. The Super Bowl is by far the most famous prop betting event on the calendar, with an increasing amount of Super Bowl props having nothing whatsoever to do with the game, instead pertaining to the Super Bowl Halftime Show, pre-game coverage, etc.
Parlays—also known as “combo” or “multies”—are high-payout wagers in which several bets are combined into one, with the odds of each underlying wager, known as “legs,” multiplied to result in the single parlay's odds. Palays are enormously popular due to their versatility—bets from virtually any matchup, and across multiple sports, can be packaged into the same parlay—and because of their ability to produce high payouts with small wagers. However, it's extremely important parlay bettors understand that the entire parlay will fail if a single one of its legs loses, making parlay betting just as risky as potentially profitable.
Navigating Mobile Sports Betting Apps in New York
New York sports bettors should prioritize understanding the nuances of mobile sports betting in the Empire State. Established platforms like DraftKings, FanDuel, and BetMGM deliver both convenience and value, offering attractive sign-up promotions for
new users. Mobile sports betting typically occurs through apps, but New York mobile sportsbooks are adaptable and can be accessed through a variety of devices, such as smartphones, desktop computers, and tablets. Moreover, these mobile sportsbooks supply
diverse betting options, covering pre-match and live wagers alike.
Exploring In-Person Sports Betting in New York
While New Jersey may not have the most prominent college football programs, sports bettors can still find opportunities to wager on in-state teams throughout the season, making it an interesting market for local college football enthusiasts.
NCAAF College Football Betting in New York
In New York State, it is legal to bet on college football games. However, New Yorkers are not permitted to bet on college football teams that are based in New York State. This includes Syracuse, Buffalo, and any other college football team based in New
York. The rule is in place to prevent any potential conflicts of interest or unfair advantages. The upside is, New Yorkers are permitted to wager on college football games that take place within the state of New York, so long as money is not being wagered
on local schools. This is particularly relevant late in the season, and particularly for bowl games, given the popularity of New York venues for major tournament competition involving teams from across the nation.
NCAAB College Basketball Betting in New York
Much like college football, in New York State betting on college basketball games is legal. However, New Yorkers are not allowed to wager on college basketball teams that are based in the state, such as St. John’s, Fordham, or Buffalo, in order
to avoid potential conflicts of interest or unfair advantages. On the bright side, New Yorkers can place bets on college basketball games taking place within the state as long as they don't involve local schools, or, if they do, so long as money is
not being wagered on those local programs. Late in the season, and particularly during March Madness, this is a critical distinction, as arenas like Madison Square Garden are hugely popular for NCAA Tournament play.
NBA Betting in New York
With the Empire State boasting two hugely popular NBA franchises, the New York Knicks and the Brooklyn Nets, NBA betting is massively popular in New York. Renowned sportsbooks like DraftKings, FanDuel, and BetMGM are celebrated for their excellent NBA
betting platforms, providing a wealth of options for basketball enthusiasts. While both the Nets and Knicks have underperformed in recent years, with the Kevin Durant and Kyrie Irving-led Nets falling short of their lofty NBA Championship expectations,
and the middling Knicks struggling to lure the top free agent talent for which New Yorkers so desperately yearn, each of these squads is now on the upswing, with rosters replete in promising young talent. Add it all up, and the 2020s looks to be a golden
age of NBA betting in New York..
NFL Betting in New York
Considering the dominance of NFL betting across the country, it's no surprise that football betting also reigns supreme in New York State. Though the New York Giants and New York Jets both play home games at Metlife Stadium, which is technically in
New Jersey, each of these teams nonetheless boasts a loyal fan base among New Yorkers. Further, though both the Giants and Jets have generally underperformed since the turn of the century—the Giants less so, having won two Super Bowls since 2008,
both against Tom Brady and the New England Patriots—the Jets and Giants each appear on the cusp of great things, with talented young rosters and promising, new-look coaching regimes
MLB Betting in New York
MLB betting is a major aspect of the sports betting scene in New York, and it's no surprise considering that the state is home to two of baseball's most iconic franchises: the New York Yankees and the New York Mets. The Yankees are particularly
noteworthy, with a storied history that includes 27 World Series championships, the most of any team in the league. The Mets, while not as successful historically, have had their fair share of triumphs, including two World Series wins. While both teams
have experienced some ups and downs in recent years, they remain formidable opponents and continue to attract loyal fans. Baseball enthusiasts in New York often turn to the Yankees and Mets as their go-to teams for run line wagers, and can expect to see
competitive performances from both clubs, particularly with the Mets’ new, high-paying ownership.
NHL Betting in New York
Betting on the NHL is both legal and popular in the state of New York, with the New York Rangers and Long Island Islanders representing the Empire State’s two local, and most popular NHL teams. Both the Rangers and Islanders have passionate fan
bases, and their games often attract significant betting attention, particularly when either team makes the Stanley Cup Playoffs. When it comes to betting on the Rangers and Islanders—not to mention the rest of the NHL—there are a variety
of wagers available. These include traditional moneyline bets, with which bettors pick the team that will win outright, as well as puck line bets, which involve a point spread. Additionally, there are over/under NHL wager, with which bettors can place
money on the total number of goals scored in a game.