New York Sports Betting - Best NY Sportsbooks & Betting Sites Feb 2023

As of January 2023, NY sports betting has nine different New York betting sites taking wagers, which is the maximum for the time being. You can sign up today and redeem many excellent sign-up bonuses at top sportsbooks, which we've taken the time to rank below. Take a look at what we consider the best options when it comes to New York sportsbooks.

Top New York Sportsbooks

New York Betting Sites To Try Feb 2023

Caesars Sportsbook New York

Caesars Sportsbook NY is one of the best online gaming experiences in the country. Caesars Sportsbook made a big splash recently when it purchased U.K-based gaming giant William Hill, rebranded and made a huge marketing push.

With this rebranding, they are pushing for a large market share in New York sports betting. This is evidenced by their offer for New York sports bettors, which features Up to $1,250 On Caesars, plus 1,000 Tier Credits and 1,000 Reward Credits using the promo code BOOKIESFULL ➜ . Place your wager of at least $10 today, and if you lose up to $1,250, you'll get back the amount as bet credits for your next bet. You'll get the bet credits two business days after your wager is graded a loser and the Tier and Reward credits will arrive seven days after your bet is deemed a loser. You have seven days to use the bet credit. At Caesars New York Sportsbook, you can expect a top-notch user experience and industry-leading promos to back.

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BetMGM New York

Online division of gambling giant MGM Resorts International offers one of the most comprehensive sports betting menus in the industry. The BetMGM New York Bonus Code offers aggressive bonus offers, daily odds boosts, live streaming and more.

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BetRivers New York

Already have a presence in New York sports betting, where it operates retail sportsbook at Rivers Casino Schenectady. Lucrative NY sportsbook bonus offers require only a 1X playthrough before bonus money can be redeemed. Part of one of two wagering bids submitted by sportsbook provider Kambi.

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WynnBET New York

WynnBet launched in New York on Feb. 4. New Yorkers will likely be familiar with this brand as many undoubtedly have used it in neighboring New Jersey after it launched there in 2020. Offering one of the best welcome offers in the industry and a polished sports betting app, WynnBET New York should gain market share quickly, much like it has in other states.

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FanDuel New York

Well-known online sportsbook FanDuel Sportsbook App is the No. 1 operator in neighboring New Jersey, one of the nation’s top online sports betting states. It offers solid bonus offers, popular player-friendly app, fast payment options. It already operates in New York as a partner of Lago Resort & Casino in Waterloo. FanDuel NY is offering a Bet $5, Get $200 in Bet Credits Instantly promo.

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DraftKings New York

Normally rivals, DraftKings Sportsbook is partnered with FanDuel in New York, which gives New York sports bettors access to two of the industry’s biggest platforms. DraftKings, sports betting partner of the New York Giants, offers bettors plenty of promotions, in-game betting options and one of the industry’s most downloaded and highest-rated apps.

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PointsBet New York

One of the biggest names in the country started operating in the state in late January with their generous, standard welcome offer - 5 x $100 Second Chance Free Bets. Widely known as one of the top NY sportsbooks, DraftKings has an excellent reputation and holds it strong.

Latest New York Sports Betting Legislation Updates Feb 2023

• October 5, 2022: Sen. Joe Addabbo and Pretlow plan to revisit NY’s sports betting licensing framework later this year. This would allow more operators into the market with the hopes of decreasing New York's inflated 51% tax rate for sportsbooks.
• September 12, 2022: New York took in roughly 51 million in tax revenue in August, mostly from mobile sports betting ($872.2 million in revenue).
• Aug. 3, 2022: The New York State Gaming Commission announced online sports betting handle for the week ending July 24 was $149.7 million, down 18.6% from the previous seven days and an all-time low for weekly wagering in New York. This is likely due to a slowdown in the sports calendar and should pick back up with the return of the NFL in September.
• July 8, 2022: Gov. Kathy Hocul announces New York has generated $302 million in tax revenue in the first since months of mobile sports betting.
• July 7, 2022: Bally Bet NY launches, making it the last approved operator to go live in the nation's biggest market.

Is Sports Betting Legal in New York?

Yes, New York sports betting is legal and all nine approved NY sportsbooks are taking bets. The operators currently taking bets are: Caesars Sportsbook NY, DraftKings NY, FanDuel NY, BetRivers NY, BetMGM NY, PointsBet NY, WynnBet NY, and Resorts World NY and Bally Bet NY, which launched on July 7. The first four launched on Jan. 8 and New Yorkers have bet more than $10 billion since the launch. New York sports betting has brought in roughly $400 million in taxes since launch.

With the launch of Bally Bet NY on July 7, all nine New York sports betting apps are now live. There could be more NY betting apps available in the future, however, based on current legislation being considered. Keep this page bookmarked for updates.

Are New York Sportsbooks Apps Available For NY Bettors?

All New York sports betting operators offer mobile apps that are free to download for Android and iOS devices. These multi-functional apps provide state-of-the-art technology and allow you to do everything (and more) you can do on your home computer, including wagering, making deposits and withdrawals and claiming bonus offers. The top New York sportsbook promo codes offered in NY. The top NY sports betting apps offer great welcome bonuses, risk-free bets and same game parlay insurance.

History Of New York Sports Betting

NY sports betting has generated more handle (roughly $10 billion) and tax revenue than any other state since they launched in early 2022. New York has taken in roughly 400 million in tax revenue.

Revenue aside, a lot of attention has been paid to New York's 51% operator tax. It's the highest in the nation and lawmakers have been working to try to lower it.

Gov. Andrew Cuomo Legalizes New York Sports Betting

After initially claiming that online sports betting violated the state constitution, NY Gov. Andrew Cuomo changed his stance, and on April 19, 2021, signed budget legislation that includes mobile sports betting. All sports betting applicants will propose a specific tax rate, though Cuomo said several times before resigning from office that he anticipated a tax rate of about 50% for the state, which would be one of the highest in the nation, and potentially limit the number of operators, who must agree to the rate - which could be even higher than 50%.

Sen. Joseph Addabbo Jr., the driving force behind mobile sports betting legalization, introduced Senate Bill 8471, which would increase the amount of operators to as many as 16 and drop the tax rate to as low as 25% by 2024 (it's a sliding scale based on the number of operators at a given time; there would be at least 14 by 2023).

This particular bill won't be discussed again until 2023, however, since no movement happened before the 2022 legislative session ended. Keep this page bookmarked for updates on when and if new NY sportsbooks will be entering the state market.

2022: Online sports betting launches with Caesars Sportsbook, DraftKings, FanDuel and BetRivers becoming the first operators to take bets online in New York. Bally Bet became the most recent operator to launch when it debuted in July 2022.

2021: Then-Gov. Andrew Cuomo reaches deal with state lawmakers to include mobile sports revenue as part of the fiscal 2022 state budget. State set to select two online applicants in December.

2019: NY State Gaming Commission approves sports wagering rules and regulations and allows the state’s upstate casinos to begin in-person betting.

2018: U.S. Supreme Court overturns PASPA, giving all states outside Nevada the opportunity to legalize online sports betting and in-person betting.

New York Sports Betting Law

• Two online platform providers will be chosen, with each paying a one-time $25 million fee to offer sports betting and to be housed in a NY casino.
• Each applicant can have as many as four "skins," or partners. That will provide NY bettors with some options, but operators will be saddled with a high tax rate, which could impact betting prices.
• Wagering on college games played in the state is permitted, but not on games involving NY-based college teams.
• The state will spend up to $6 million per year to address problem gambling treatment and resources.

Types of New York Sports Betting Bets Offered

New York online betting sites will include all the wager-types you will find at any in-person sportsbook. The most popular include:

• Point Spread bets: Sportsbooks handicap the teams to balance the odds, typically at -110. A favorite "gives" points; an underdog "gets" points. If the Knicks are -3.5 vs the Celtics, they need to win by 4 or more points for a bet on them to cash.

• Moneyline: Is simply betting on the winner. A favorite has "negative" odds; an underdog has plus-odds. If the Yankees are -160 and the Red Sox are +130, a Yankee bettor must wager $160 to win $100 while a Boston bettor would win $130 on a $100 wager should the Red Sox win.

• Over-under (totals): Betting on the combined score to go over or under a total set by the sportsbook.

• Parlays: Multiple bets combined into one wager; generates better odds and a bigger payout, but if one leg fails, the parlay fails.

• Teasers: A parlay in which the lines are shifted a set number of points, giving them a better changes of winning but lowering the potential payout.

• Proposition bets: Bets within a game that don't have a direct impact on the outcome. An example of a player prop is if a player will score more than 20 points in a game or throw for more than 250 yards in a game. A team prop could be on which team gets to 10 points first in an NBA game.

• Futures bets: Typically bets on season-long outcomes or just future events. An NFL futures bet might be on the Jets to win more than five games in a season or the Giants to win the NFC East.

• Live betting: Betting on a game after it has started. Sportsbooks offer moneyline, props, spreads and totals with constantly updated odds throughout a game.

How We Pick the Best NY Betting Sites

Among the aspects we consider when selecting the best New York sportsbooks and elsewhere:

How are New York Sports Betting Sites Regulated

The New York State Gaming Commission is responsible for licensing and enforcement of all New York sports betting rules and regulations. Bookies.com only recommends licensed and regulated NY betting sites. Offshore sportsbooks lack proper regulation and should be avoided.

New York Sportsbooks Reputation

Bettors should seek sports wagering sites that have a history of successful online betting operations in other states or countries. Sites should be trustworthy and keep personal and wagering information secure.

Accessibility

NY bettors should have access to betting lines and their New York sportsbook account 24/7 from their smartphone or home computer from anywhere in the state.

Reliability

Reliable means finding an NY online sportsbook that process deposits and withdrawals in a timely fashion and provide customer support whenever you request it.

Site and Mobile Experience

Online wagering accounts for more than 85% of all sports betting handle in the U.S., so the mobile experience is crucial. That means an app available for Android and iOS devices that is responsive, intuitive and easy to use.

Generous and Ongoing New York Sports Betting Bonuses

New York betting sites provide bonus offers to sign up new players or reward existing ones. Most sports betting bonuses will put free money into your account, but generally include wagering requirements before the bonus money can be redeemed. We read the fine print in evaluating all bonus offers.

New York Sportsbook Payment Options

New York betting sites offer several options to deposit funds into your account. Examples includes Play+, PayPal and other e-wallets, credit/debit cards, prepaid cards, electronic banking, ACH, cash at casino cages and PayNearMe.

Variety of Games to Bet On at New York Betting Sites

Most of the top New York betting sites offers a comprehensive menu of sports, including all of the most popular leagues, such as the NFL, NBA, MLB, and NHL. Several also offer a robust selection of international and niche sports, such as Aussie Rules Football, cricket, Rugby, table tennis and more. The NFL will always have the most open markets, but every sport is covered.

Better NY Sports Betting Odds

Odds and moneyline prices will tend to be similar at NY betting sites, but not the same. Finding the best point spread and moneyline price ensures value and can make the difference between winning and losing in sports betting.

Deposits and Withdrawals

Most deposit methods should transfer funds to your online sports betting account instantly. For withdrawals, how many options are available and how convenient are they?

Payout Process

You can request a withdrawal at any time. Withdrawals usually require a 24-48 hour approval process, with payouts available soon after that. Some online sportsbooks allows players to track the status of their withdrawals.

Security at Online Sportsbooks in New York

New York bettors should feel confident they are placing safe and legal sports wagers. Your New York sportsbook should operate on a secure site and utilize encrypted technology that is available to the leading financial institutions.

Bonuses & Promotions at NY Sports Betting Sites

Most bonus offers are geared toward signing up new players. The most popular are a risk-free first bet; deposit match; and a small welcome bonus just for signing up. Check out the Top New York Sportsbook Promo Codes and compare.

It’s important to read the terms and conditions for each offer. Promotions will vary by NY sportsbook operator and are likely to include free odds boosts, parlay insurance, free bets and reduced juice on specific games.

Signing up at more than one NY sportsbook allows players to claim multiple bonus and promotions offers.

What Sports Leagues Can I Bet On in New York?

New York online sportsbooks offer wagering on all the most popular sports leagues in the U.S. and many international ones. Betting is also permitted on popular NCAA college sports, such as football and basketball.

Top 5 New York Sports Teams to Bet On

The New York metropolitan area has the most major league pro sports franchises in the U.S., giving NY bettors plenty of hometown options.

NY Giants

The Giants have won four Super Bowls, but have fallen on hard times recently. The Giants have had one winning season since 2016 and seem to be stuck in neutral. Perhaps new head coach Brian Daboll, who was the mastermind behind the Bills' offense, can help turn things around.

NY Jets

The Jets finished 4-13 in 2022 and rookie Zach Wilson endured a ton of growing pains. But they did stun the AFC South champion Titans, one of a few signs that coach Robert Saleh appears to have the Jets at least moving in the right direction.

Buffalo Bills

Behind strong-armed QB Josh Allen, the Bills are among the AFC favorites to make it to Arizona for Super Bowl 57 after losing in the AFC Divisional Round to the Kansas City Chiefs in an instant classic. The Bills appeared in a record four consecutive Super Bowls (1991-94) but lost each one.

NY Yankees

The Yankees are among the most tradition-rich franchises in all of major league sports and have won an MLB-record 27 World Series championships.

NY Mets

The Mets, who began play in 1962, have two World Series titles. They are re-energized under new owner Steve Cohen, who hasn't been afraid to use his billions to create a more competitive team (see the signing of Max Scherzer).

NY Knicks

The Knicks ended an eight-year NBA playoff drought in 2020-21 and are looking to return to the postseason in 2022 behind the duo of Julius Randle and RJ Barrett.

Brooklyn Nets

Kevin Durant and Kyrie Irving have a new teammate - Ben Simmons - and are still the favorite to win the Eastern Conference despite a turbulent season that has featured KD getting injured and James Harden being shipped to Philadelphia.

New York Rangers

The Rangers ended a 54-year Stanley Cup drought in 1993-94 and haven't won Lord Stanley's Cup since (they lost to the Kings in 2013-14). There hasn't been much success recently, as the Rangers trying for just their second playoff appearance since 2016-17.

New York Islanders

The Islanders, who were eliminated in the Finals and Semifinals the past two seasons, moved into a new home at Belmont Park in Nov. 2021. They haven't lived up to expectations while playing in their new home in 2022, some of which can be attributed to fatigue from their long postseason run in 2021 - the Islanders are one of the older teams in the league.

Buffalo Sabres

The Sabres are the longest continuously running active NHL franchise to have never won the Stanley Cup and it doesn't seem like that is going to change any time soon. Buffalo is one of the worst teams in the NHL in 2022.

When Can I Play Daily Fantasy Sports in New York?

The state of New York launched with DraftKings NY, FanDuel NY, Caesars NY, and BetRivers NY as the original four sports betting operators. BetMGM NY went live on Jan. 17, PointsBet NY launched on Jan. 27 and WynnBet went live on Feb. 4. Resorts World launched on March 3. Bally Bet was the last of the nine operators to launch when it went live in July. Daily fantasy operators are permitted to continue to operate in NY and it will be interesting to see the volume DFS continues to demand.

How to Sign up and Place a Sports Bet in New York

Signing up for a New York online sportsbook account is quick and easy:

• Select the New York online sportsbook that best fits your needs.
• Download the app or register directly on the betting site. You will need to supply personal information, including the last four digits of your Social Security number.
• Choose between several deposit methods to provide wagering funds.
• When the funds appear in your account balance, you may begin wagering. Simply find the sport and betting lines you want, enter an amount and submit the wager.

Benefits of Legal Online Sports Betting in NY

New York immediately became the biggest regulated online sports betting market in the nation and the financial impact has been enormous New Yorkers bet roughly $10 billion since New York sports betting launched on Jan. 8. New York has the highest tax rate in the state at 51%, which means that the state has already taken roughly $400 million in taxes from sports betting.

Prior to this, NY only allowed in-person sports betting at upstate tribal casino locations not convenient to the New York metropolitan area (population 20 million). Consider that more than 85% of U.S. sports betting handle is placed online and it’s not hard to imagine the state’s massive sports betting potential.

Meanwhile, New York sports bettors have access to sports wagering 24/7 on their mobile device or home computer and no longer have to make the drive to New Jersey to bet on sports.