New York Sports Betting April 2021 Update
The budget has been signed, and online sports betting is officially coming to the Empire State. While Congress was unable to get the job done using legislation, the House, Senate, and Governor’s office were all able to work together to include online sports betting in the newest budget. The plan that New York is going ahead with is a modified version of Governor Cuomo’s monopoly blueprint. This means that there is going to be an extremely limited amount of online sports betting licenses available in the state. It seems that two primary licenses will be handed out, and then those two operators will have four more skins to launch sportsbooks with. All-in-all, this makes for a max of 8-10 online sportsbooks available, but most likely, there will be 2-4 launched. If DraftKings, for example, wins the bidding process to receive a primary operator license, it is doubtful that they then use the four remaining skins for other sportsbooks.
Currently, expert projections put online sports betting around 8-9 months out. The legislative branch, as well as the Governor’s office, have made it clear that they want to collect online sports betting wagers by the 2022 Super Bowl in February. This should be the expected target launch date as of now.
New York Sports Betting Market
When NY goes live with mobile sports betting, the state figures to be one of the largest in the country. It’s unclear how much of the current New Jersey handle is coming from NY users, but there is definitely some % coming from NY residents. With NJ pulling in 4.5 billion in total handle in 2019, the total for NY must be higher.
New York Sports Market
|New York Population||19,440,500 (2020)|
|Estimated NY Market Size||$5+ billion|
|Largest New York Betting City Populations||New York City (8,601,186)|
|New York Profesional Sports Teams||Buffalo Bills|
New York Dragons
New York Giants
New York Islanders
New York Jets
New York Knicks
New York Liberty
New York Mets
New York Rangers
New York Yankees
|New York College Sports Teams (Major)||Army Black Knights|
St. John's Red Storm
|New York Last Bill Proposed||Summer 2020|
|Sports Available for Wagering in Upstate NY||All major sports leagues. No college wagering allowed.|
Which Mobile Sportsbook Will Launch in NY Once Legal?
New York Sportsbook Rank
New York Sports Betting Apps (Expected)
Expected Legalization Date
|#1||DraftKings Sportsbook New York||Unknown|
|#2||FanDuel Sportsbook New York||Unknown|
|#3||William Hill Sportsbook New York||Unknown|
|#4||MGM Sportsbook New York||Unknown|
|#5||PointsBet Sportsbook New York||Unknown|
Will NY Sports Betting Apps Use Promo Codes?
As the top sportsbooks have launched apps in states around the US, we’ve seen the use of new user promo codes. These promo codes or bonus offers, award new users for signing up for a new account. The bonus historically is awarded in the form of a risk-free bet or deposit match bonus. In some cases, like William Hill, a no deposit bonus is provided, which requires no deposit to earn a small bonus.
Top New York Sportsbook Apps
New York Promo Code
New York Promo Value (Projected)
|DraftKings Sportsbook NY||No promo code used||$1,000 in Bonuses|
|FanDuel Sportsbook NY||No promo code used||$1,000 Risk-Free Bet|
|William Hill Sportsbook NY||Yes, promo codes are used||$500 Risk-Free Bet|
|PointsBet Sportsbook NY||Yes, promo codes are used||$2,000 in Free Bets|
|BetMGM Sportsbook NY||Yes, promo codes are used||$600 Risk-Free Bet|
New York Sports Betting FAQs
Frequently Asked Questions
Yes, sports betting is legal in the state of New York. However, it is only legal at the physical casinos located in Upstate New York. You can use your mobile phone to bet, but only while you are on the premises of the casino. Mobile sports betting is not legal statewide.
As of right now, it is too soon to tell. It seems as if Governor Cuomo is the last barrier before statewide sports betting is legal. It has been well documented that New York is losing state revenue from the sports bettors crossing state lines into New Jersey to place bets.
Sports betting is allowed in the state’s four privately run and full-scale casinos. You also see Indian Nation casinos offering sports betting. These privately-run casinos are:
- Tioga Downs—located in Nichols
- Del Lago Resort & Casino—located in Waterloo
- Rivers Casino & Resort—located in Schenectady
- Resorts World Catskills—located in Monticello
You must be 21 years old and must also be physically located at the casino. Mobile sports betting is available, but you must be at the location of the casino. You can bet in the parking lot from your phone or computer.
Yes, you don’t have to be a New Jersey resident to be in New Jersey. You must be physically located in NJ and validate your location via Geocomply. You will need to be connected to wifi. However, it is legal to visit and wager in New Jersey.
Today, anyone close to the New Jersey state line is simply crossing into the Garden State and betting on any number of a hundred sports odds. The Meadowlands has one of the largest and most profitable sportsbook locations in New Jersey.
There is no doubt that a healthy portion of NJ profits comes from New Yorkers. However, it’s impossible to know the exact number. Is it estimated to be a significant piece of NJ revenue, some experts put this number around 20%.
Some believe a bill will be passed in 2021. Losing tax revenue to neighboring states and the revenue lost during the pandemic may be the biggest factor that pushes legislators who may be on the fence about legalizing sports betting in New York.
All sporting events are available in the physical sportsbooks, with the exception of sporting events that include in-state college teams. The major sports such as the NFL, MLB, and NBA can be bet on along with the NHL, Horse Racing, Soccer, Rugby.
Currently, with the bills in the works to bring mobile betting to New York, there would be an 8.5% tax rate on physical sportsbooks and a 12% tax for mobile sportsbooks. There also would be a $12 million one-time licensing fee for mobile sportsbooks entering the state.
New York Sports Betting Precedent
New York does have precedent in place that would allow for sports betting expansion in the Empire State. In 2013, a voter referendum was overwhelmingly passed that allowed for the four casinos in the state to offer sports betting. At that point in time, the only other existing barrier for New York to offer sports betting was the Professional and Amateur Sports Protection Act of 1992 (PASPA). PASPA was struck down by a Supreme Court ruling in May 2018 leaving the door wide-open for legal sports betting in the US and for New York to move forward with offering sports betting statewide. However, Cuomo has been adamant about limiting sports betting to the Upstate casinos.
Sports betting is gaining momentum across the United States. Since the May 2018 US Supreme Court ruling, state legislators have started to push to open up state-regulated sportsbooks. New Jersey was the first with full scale statewide mobile apps. Pennsylvania sports betting followed shortly thereafter and has established a healthy online betting market. New York hasn’t been able to get their own online betting legislation pushed across the finish line, yet. Here’s a little discussion about where that push is currently, and when the lawmakers do finally approve state-regulated sports betting, who will be the most logical candidates for physical and online sportsbooks in the Empire State.
Senator Joseph Addabbo the leading Advocate on Mobile New York Sports Betting
New York is facing a $6 billion budget deficit. Currently, sports betting is only allowed at authorized casinos in their designated sports lounge areas: Rivers Resort & Casino Schenectady; Tioga Downs; Resorts World Catskills; and del Lago Casino & Resort. Betting in sports lounges is also authorized in full-service casinos operated by the Akwesasne Mohawk, Oneida, and Seneca nations. Cuomo’s budget proposal included sports betting outside of casino sports lounges but still on casino property. Basically, people would be allowed to bet anywhere on casino grounds instead of just inside the sports lounge. It’s not that much of an expansion.
State Senator Joseph Addabbo has been the biggest advocate of legalizing mobile sports betting in New York. Addabbo has proposed numerous sports betting bills over the years. Addabbo has repeatedly referenced that a significant percentage of New Jersey’s sports betting revenue is coming from New York residents traveling the shorter distance to New Jersey to bet rather than traveling a long distance to New York’s upstate casinos.
“Mobile sports betting is benefiting New Jersey — with approximately 25% of the state’s mobile wagering business coming from New York residents — and it could provide the same positive results for New York,” said Addabbo earlier this month. According to the consultant firm Eiler & Krejcik, New York is realizing just 5% of its potential.
The metaphorical clock does appear to be ticking with states like neighboring New Jersey well ahead of the curve when it comes to offering online sports betting. New Jersey has seen a windfall of bettors crossing state lines from New York to place bets. Pennsylvania sports betting is live and the state has benefited with impressive revenue numbers. We’ve seen great success in the New jersey sports betting market with FanDuel Sportsbook & DraftKings Sportsbook leading the way.
Governor Cuomo Suggests Mobile Sports Betting
Mobile sports betting in New York is not legal statewide yet. If you are on the premises of an upstate NY casino, you can use your mobile device to place a sports bet. There are currently seven physical sportsbooks that are legal and live in upstate New York. Governor Andrew Cuomo blocked a number of bills presented to legalize sports betting across the state of New York over the past year. However, on December 16th in a COVID briefing in Albany, NY. When discussing ways to address what Cuomo has said to be a $50 billion debt between the state and local governments, Cuomo said, “….And, are there other ways to get revenue? How about marijuana? How about sports betting? Marijuana, we were supposed to have done for the past two years anyway and would raise revenue. This is all hard. But pressure also forges diamonds” You can watch the entire briefing here. This is a stark difference from Cuomo’s position on mobile sports betting over the past two years. The result is an injection of optimism from NY residents, the sports betting industry, and Wall Street. Sports betting stocks such as DKNG (DraftKings), PENN (Penn National Gaming, Inc), and PDYPY (Flutter Entertainment) are benefiting.
Senator Joseph Addabbo Jr. has been the most prominent advocate for legalizing mobile sports betting in New York for years. Addabbo believes he has addressed every concern that Cuomo has brought up in regards to legalizing mobile sports betting. Addabbo says that Cuomo and Heastle are just “delaying the inevitable because mobile sports betting in New York is not a matter of ‘if’ but ‘when'”. Addabbo says he will continue his pursuit to bring legal mobile sports betting to New York. Senator Addabbo has communicated he will pursue another bill in the first quarter of 2021.
Once mobile sports betting becomes legal, the following are our projected Top 3 mobile sports betting apps. While we don’t know the date they will be available statewide nor their offer, we can look at existing states and project their offers.
Potential Issues In Offering Online Sports Betting
New York legislators may have to conduct a cost-reward examination to see if online sports betting is worth the potential monetary loss from the Oneida Indian Nation. How does the Oneida Indian Nation play into the online sports betting equation? Well, they currently have the exclusive rights to offer casino gambling in the 10-county region of upstate New York. So if someone places a wager from their home, business, sports bar, or anywhere else physically located in that area, then it could be argued that those wagers not made with an Oneida-affiliated casino would infringe on those exclusive rights.
But just how much does the Oneida Nation pay to the state for those exclusive rights? Over the last five years, those exclusive rights have equated to more than $200 million to the state based on the 25% of revenues paid from their slot machines. Current estimations for sports gambling revenue in New York are forecasted at anywhere from $10-30 million a year. Even if the revenue from sports betting does reach the upper echelon of that estimation, it would still fall short of the annual $40 million average from the Oneida Nation exclusive rights deal. However, this estimation is only based on in-person sports betting and does include the potential revenue from online wagers. Online wagering could easily increase the total revenue from sports betting to more than $500 million based on some projections. There are also some lofty projections that could see New York generating anywhere from $170 million to $591 million in the total fiscal impact that includes up to 12,000 jobs created. This could go a long way in the risk-reward analysis that takes into account more than just generate revenue.
Precedent For Indian Nation Disagreements With The State
There is a precedent already in place if the Oneida Nation does believe the online sports betting infringes on their exclusive rights within the state. The Seneca Nation of Indians withheld more than $100 million worth of payments when they argued that there was an infringement on their compact rights. This could become even more heightened and contentious because the Oneida Nation has already publicly declared their intention on also offering sports betting in their casinos if other casinos in the state also move forward with offering sports betting.
Current Locations for Physical New York Sportsbooks
Like many of the states that have passed legislation for state-regulated sports betting, New York will most likely look to existing casino facilities. Many of these are tribal operations.
There are a handful of commercial casinos in the state of New York that will also push for a physical sportsbook. New York is currently moving into the fourth year of legal casinos. Many of the commercial and tribal operations have underperformed expectations. Here are the top contenders to open their doors to sports bettors.
Resorts World CatSkills
Resorts World is the largest major commercial casinos currently operating in New York. They already have a full slate of table games and slots. Resorts World CatSkills hasn’t quite hit the projected target revenue expected, but it is further along than most. The size, location, and reputation make it highly-probable to become a licensed sportsbook facility.
Address: 888 Resorts World Dr, Monticello, NY 12701
Resorts World New York City
While not as large as the CatSkills operation, Resorts World in New York City has a prime location on its side. Being in the heart of a city home to multiple professional sports franchises gives this casino a clear advantage when sportsbook locations are being handed out.
Address: 110-00 Rockaway Blvd, Jamaica, NY 11420
Del Lago Resort and Casino
This is the second largest of the non-tribal casinos. While revenue from strictly casino operations was off as well, traffic through Del Lago was high. Del Lago has dozens of alluring attractions. Fine dining and exquisite accommodations make it a clear favorite to land a sportsbook. They already have a lounge in place, clearly anticipating a license when they are awarded.
Address: 1133 NY-414, Waterloo, NY 13165
Tioga Downs and Casino
When you’re already accepting racetrack bets, you have the experience the state gaming commission may be looking for when awarding sportsbook locations. Tioga Downs and Casino most certainly has that. They are the third of the big-three commercial casinos currently in operation. Name and recognition give it an advantage in the race to land New York’s physical sportsbook locations.
Address: 2384 W River Rd, Nichols, NY 13812
Turning Stone Resort and Casino
This is the first of the possible tribal casinos that may lead the way in adding physical sportsbooks in New York. The number of possible casinos attached to Native American tribes is short because of lukewarm interest in sports betting thus far by tribal casinos across the nation.
The Oneida Nation is one of those tribal groups showing an interest. This may be the first tribal casino to open up a sportsbook since they already have a lounge that provides the perfect place for taking sports bets.
Address: 5218 Patrick Rd, Verona, NY 13478
Seneca Buffalo Creek Casino
There are six physical casino locations of importance that are operated by the Seneca Nation. The Seneca Nation is the second tribal casino operation voicing an interest in sports betting. Buffalo Creek has the advantage of being proximal to a professional sports franchise, plus a large metropolitan population.
The Niagara Falls location is another prominent facility, and would logically be an excellent venue to house a physical sportsbook. The three Seneca Game and Entertainment locations are also current casino locations that would prove viable spots to easily add sports betting.
Address: 1 Fulton St, Buffalo, NY 14204
Empire City Casino at Yonkers Raceway
With horse racing already on the books, the Empire City Casino has one iron in the fire, so to speak. The facility is located at the corner of Central Park Avenue and Yonkers Avenue, another perk.
Now, add to that the fact MGM Resorts International owns it, and you have the kicker. MGM has been and will continue to be a huge player in the US sports betting movement.
Address: 810 Yonkers Ave, Yonkers, NY 10704
Which Online Sportsbooks Have the Biggest Advantage in New York?
Once the gaming commission navigates its way through the regulatory process, an online sports betting option should almost immediately follow. Too many people use mobile devices to do dozens of everyday things.
Not quickly opening up to online sportsbooks after legalizing sports betting would be illogical. Here are the current online sportsbook operators that have a solid chance of being legal in New York.
• BetMGM New York – MGM may be the frontrunner for one of the first physical locations. It’s almost a foregone conclusion that they will lobby to include their playMGM Sportsbook app in the package. They carry a healthy reputation in the casino industry already, so they are essentially a sure-bet to be offered online sportsbook freedom.
• FanDuel New York– FanDuel has surprised a lot of people in New Jersey. No one doubted the daily fantasy sports service would be successful, but their performance has far exceeded expectations. In fact, FanDuel’s sportsbook actually took over the lead in total sports betting revenue in New Jersey, three out of the first months of 2019.
• DraftKings New York – DraftKings was one of the first and has proven to be one of the most-successful online options in New Jersey. There is a clear track record of performance to follow. DK has been a viable contender in every state thus far, who has passed sports betting legislation. New York will be no different.
• William Hill New York – William Hill has the funds and the partnerships to make a New York entry possible.
History of New York Legislative Efforts
With neighboring New Jersey and Pennsylvania having dramatically expanded legalized gambling in the past year, New York has every incentive to do the same, lest its gambling revenues be seized by other states. Nevertheless, New York has struggled to pass legislation that will legalize online gambling statewide.
The New York narrowly missed approving online gambling in 2017 before taking the issue up again this year. The New York State Senate passed a bill to legalize online poker last year and the year before, but the bill failed to clear the New York Assembly. The lower house does not have the support for online betting that is currently found in the upper chamber. The Senate had passed the bill with overwhelming support in previous years. Yet the Assembly has not even brought the bill up for a vote. In order to pass the bill, 76 votes are required in the Assembly, and support was just short of that number. After passing the bill twice, the Senate did not bring the bill for a vote in 2018, ostensibly waiting for the Assembly to support online gambling.
The New York legislation would operate by categorizing online poker as a game of skill and not as a game of luck. This is the same vehicle that has been used to permit daily fantasy sports to operate. This would follow a prior ruling by a federal court in New York that stated that poker was not strictly a game of chance because it pits the skill level of players against each other. The proposed bill would allow licensees that are already permitted to operate certain games in the state to apply for a license. These licenses would be issued no later than 180 days after the passage of the legislation. The licensing fee would be set at $10 million, but this fee would then be able to be used towards the applicant’s tax obligations for five years after payment. The tax rate for online poker operators would be set at 15 percent.
The complications preventing the passage of online poker legalization are largely political. New York is known for its fractious politics, and Assembly is highly partisan in nature. Online gambling has drawn primarily Democratic support, but not enough to allow the bill to move forward. In addition, New York’s governor has not vocally supported online gaming, which has prevented more Assemblymen from his own party from signing onto the bill. The governor purportedly has expressed concern that online gambling may negatively affect land-based casinos, which will also harm tourism in New York. A prior gaming bill in 2013 expanded land-based gambling in New York, and there is a sentiment that those new casinos should be given the opportunity to succeed. This viewpoint is contrary to the experience in New Jersey, where online gambling has been critical to overall casino revenue.
Currently, Indian tribes have exclusivity agreements with New York. Further, disputes between casinos regarding revenue sharing prevented them from unifying to get behind the bill. New York is currently embroiled in a dispute with the Seneca Nation, which has resulted in the tribe’s withholding of fees. The general turmoil and discord in the existing gaming industry have forestalled any kind of unified view that can be used to lobby the Assembly.
In addition, the legalization of sports betting is another initiative that has failed to gain approval. There is a possibility that proponents of gambling could seek to combine poker and sports betting into one bill to get them both across the finish line. The legalization of daily fantasy sports required a large legislative lift and may have already sapped the political will of the legislature for any further advances with regard to gaming.
Size of the New York Market
New York is already an established gaming market that still has yet untapped potential. The state is currently struggling to integrate new casinos that were opened as part of the state’s recent gaming expansion. Revenues for the new casinos have fallen short of expectations. Nevertheless, the size of the pie in New York is large. In 2015, the existing racinos reaped over $2 billion in revenue from slot machines. The gaming expansion allowed table games at certain casinos, but revenues have not lived up to expectations. Some casinos have fallen as much as 44 percent behind revenue projections and have sought state assistance in the form of a lower tax rate.
New York is a large part of the daily fantasy sports market. After being frozen out of the activity until it could be legalized, New Yorkers have returned to DFS In large numbers. Currently, New York entries comprise roughly ten percent of the DFS market. The total DFS revenue nationwide in 2017 was approximately $335 million, meaning roughly $35 million in revenue originates from New York.
The horse racing industry has been an iconic institution in New York for over 100 years. Saratoga and Belmont are world-famous racetracks and the New York racing industry joins California as the two pre-eminent states for racing in the country. Horse racing revenues have declined in recent years, consistent with the overall decline in the sport nationwide. The proliferation of gaming options has taken its toll on the sport. In 2016, handle at the state’s major tracks had fallen below $1.4 billion, a six percent drop from the previous year.
Future of Online Gaming in New York
New York faces an uncertain future with regard to online gambling. The state may have proverbially bitten off more than it can chew with regards to gaming expansion and may require some time to let the dust settle before it further expands gambling. However, with neighboring New Jersey and Pennsylvania having greatly expanded legalized gambling, New York may not have much time to get its house in order before it permanently loses customers to casinos in neighboring states. New York risks a return to the days where its residents took buses down to Atlantic City, and New Jersey ended up benefiting from New York dollars.
It is anticipated that online gambling, as well as sports gambling, will eventually pass in New York. The 2018 legislative election may serve as the catalyst for passage. Democrats have largely been the party supportive of the expansion thus far, and the Democratic Party stands to gain seats in the upcoming legislative elections. The online gaming bill is likely to be brought up for passage yet again in the upcoming legislative session. At some point, the empirical data may convince legislators of the necessity of passing the legislation. Further, as casino operators lose business to neighboring states, they may gain the political will to band together in a unified lobbying effort.
Further, online poker has proven to be a popular game nationwide. New York residents may demand the ability to be able to engage in this activity legally from the comfort of their homes. The current legislation does not address other types of online table games. Given the loyalty of the political powers to the newly opened casinos, it is unlikely that online table games will be a part of any online gaming expansion until the new casinos steady themselves financially.