New York Sports Betting: 9 Betting Apps Will Launch (December 2021 Update)

New York Sports Betting December 2021 Update

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New York residents rejoice! Online sports betting is coming soon to the Empire State. Although there was a Congressional attempt to legalize online wagering that didn’t end up going through, the House, Senate, and Governer’s office collaborated to incorporate sports betting into the official budget. The new blueprint is very reminiscent of former Governor Cuomo’s original monopoly plan. While the official details haven’t been released, according to budget director Robert Mujica, it’s expected that the New York sports betting tax revenue will be around $500 million yearly. Early on, expectations were that there would only be a few different sports betting licenses given, which was confirmed later on.

Two of the primary licenses were officially approved on November 8th, 2021. One of these had Kambi as the primary applicant, which included the sportsbooks from Caesars, Rush Street Interactive, WynnBET, Resorts World, and PointsBet. The other bid had FanDuel Sportsbook as the primary applicant and included DraftKings, Bally Bet, and BetMGM. This is huge for the New York sports betting community, as it was initially believed that anywhere from two to four sportsbooks would be launching. It’s also worth noting that the sports betting revenue tax rate will be around five times the national average at 51%.

The current target date for launching is February 13th, 2022, the same day as Super Bowl LVI. This target comes from both the Governer’s office and the legislative branch. But, thanks to the license approval coming sooner than expected, an earlier launch isn’t out of the cards.

The Top 9 New York Sports Betting Sites

All in all it seems that 9 sportsbooks will be entering the mobile sports betting market of New York. After the long bidding process started by Governor Cuomo, the New York State Gaming Commission has selected two winning bids led by FanDuel and Kambi. You can find a list of all New York sportsbook sites and mobile apps down below.

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DraftKings New York

DraftKings Sportsbook is one of the largest online betting platforms in the world and is clearly one of the top dogs in the North American market. DraftKings joined FanDuel’s winning bid to offer New York online sports betting.

DraftKings enters New York with a presence in both DFS and sports betting already. There is a DraftKings Sportsbook at del Lago Resort & Casino. This means that New York bettors should be rather familiar with DraftKings as a company.

DraftKings New York App Preview

DraftKings mobile sportsbook will remind you a lot of the daily fantasy application, and that is a good thing. DraftKings has a simple and effective design that allows you to find everything you need on the platform with ease.

The betting markets are clearly laid out and organized. This means that you will have no trouble finding your favorite bets and betting markets on DraftKings. The bet slip is seamlessly woven into the browsing side of the application, meaning that you do not need to go back and forth when adding bets to your bet slip. All in all, DraftKings offers a top-of-the-line experience when it comes to New York mobile wagering.

DraftKings Sportsbook Preview

DraftKings New York Projected Promo Code

DraftKings Sportsbook has consistently offered $1,050 in bonuses to new users through LINEUPS’ exclusive links. The bonus breaks down into a $1,000 deposit match and $50 free following your first deposit. This is the current projected offer for DraftKings New York.

DraftKings Banner Update $1,050 - Launching Soon

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BetMGM New York

MGM Resorts International and Entain are the two gambling powerhouses behind BetMGM. The sportsbook has climbed to the top of the market in recent years and was always a favorite to join the New York betting scene.

BetMGM was under the FanDuel Sportsbook winning bid, buddying up with its two biggest rivals, DraftKings and FanDuel. With no previous products offered in New York, BetMGM faces the battle of getting its platform and brand out to the 18+ million people that reside in the state.

BetMGM New York App Preview

BetMGM Sportsbook shines in its ability to offer solid odds pricing and lucrative promotions. The promotions tab on the sportsbook is updated daily with new offerings and fantastic bonuses. This makes BetMGM one of the best values when it comes to online sports wagering.

The app itself can feel cluttered at times with all the promotions of bets being offered. However, it is easy to navigate and use. The betting offerings are well organized, and the bet slip is simple. The only downside can be longer load times on both the app and betting website.

BetMGM Preview Mobile App 8-2021

BetMGM New York Projected Bonus Code

The best BetMGM bonus code is “LINEUPS” in all states where the sportsbook is currently being offered. The projected BetMGM New York bonus is a $1,000 risk-free bet, the same offer being extended to users in New Jersey and other states. This is a competitive new-user promotion that can help enlarge your bankroll from day one.

BetMGM Bonus Code Click For Deatils $1,000

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Caesars New York

Caesars was a late-arriver to the online sports betting scene in North America. Caesars took the approach of acquiring another platform instead of developing its own and did so by acquiring William Hill. The William Hill sportsbook was re-branded and re-designed into Caesars Sportsbook.

Caesars was one of the companies under the Kambi bid that won access to the New York market. Caesars Sportsbook has done a great job at branding and advertising its name. However, New York State will be another beast when it comes to solidifying market share.

Caesars New York App Preview

William Hill Sportsbook was already solid, but Caesars Sportsbook takes the application to another level. The design and feel of the mobile app and desktop site are both fantastic. The interface, in general, is on par with all of the other major sportsbooks.

Where Caesars Sportsbook really thrives is its odds pricing and support. The odds pricing, especially combined with the many promotions and boosted odds, is at an elite level value. When it comes to support, Caesars offers four options, including a phone line, something not many other online sportsbooks can boast.

Caesars mobile app preview

Caesars New York Projected Promo Code

The best Caesars Sportsbook promo code is “LINEUPSRF” in all states where Caesars offers its product. We project that the Caesars New York bonus will be a $1,001 first bet match, the standard new-user bonus that is offered by the sportsbook. This means that your first stake on a bet is instantly matched with free bets up to $1,001, as long as the bet has longer odds than -200.

Caesars Sportsbook Promo Code Banner First Bet Match Details

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BetRivers New York

Rush Street Interactive, the owner of the BetRivers brand, has won the right to enter the online and mobile New York sports betting market. Rush Street Interactive will look to see similar results to that of Michigan, a state where it has seen loads of success.

It is no guarantee that Rush Street chooses the BetRivers brand over the SugarHouse brand in New York; however, BetRivers has been the primary brand in states as of late. The one thing that may sway Rush Street to choose SugarHouse is its name value in neighboring New Jersey & Connecticut.

How To Bet on Sports in New York

Because online New York sports betting hasn’t officially been legalized as of yet, you’ll need to go to a retail location to place your wagers at the moment. However, it’s not too difficult to wager through a brick-and-mortar casino in New York. Here are the four steps to sports wagering in New York as we wait for online legalization.


Head to an Upstate Casino

While it might now be as convenient as using an app anywhere you’d like, upstate New York casinos are accepting sports bets right now. Just look for one of the retail sportsbooks (generally a couple of hours away from New York City) and head into the casino.


Download a Sports Betting App

Once you’re in the casino, you’ll be able to access certain sports betting apps such as DraftKings Sportsbook and FanDuel Sportsbook. The major platforms all have iOS and Android apps, so you shouldn’t have to worry about having the incorrect device for wagering. Keep in mind that when you sign up, you’ll need to provide basic information such as name, address, phone number, and email, along with your social security number.


Make a Deposit

Before you start betting, you’re going to need credits in your account. Thankfully, sportsbook apps make it extremely simple to deposit, with standard methods such as credit and debit cards, ACH bank transfers, and online avenues such as PayPal all standard. Certain sportsbooks even allow you to deposit through a casino cage if there’s a partnership between the platform and the brick-and-mortar casino.


Start Betting

Now that you’re all set up, you can start wagering on football, hockey, basketball, or whatever sport you prefer. In addition to using your newly downloaded app, you also have the option to place a bet at the physical sportsbook located in the casino.

BetRivers New York App Preview

The BetRivers New York app’s best feature is the promotions. BetRivers has promotions for every day of the week, on top of daily odds boosts. You combine this with a new-user bonus, and you are getting a ton of free value when you go with BetRivers Sportsbook.

When it comes to betting markets, the best feature of BetRivers is live betting. The live betting markets are plentiful. This means that when choosing a platform to use, after a game or event has already started, BetRivers needs to be near the top of the list. The odds pricing during live games is some of the best in North America.

BetRivers Preview Mobile App august

BetRivers New York Projected Promo Code

The BetRivers New York promo code is projected to be “LINEUPSNY”. Currently, the new user bonus in other states is a $250 deposit match at a 100% match rate. This means that your first deposit is essentially doubled. Very few sportsbooks offer a full deposit match, which helps separate BetRivers from the crowd.

BetRivers Deposit Bonus Banner

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FanDuel New York

FanDuel led one of the New York mobile sports betting bids and came out victorious. It earned the right to offer online sports betting throughout the state, alongside the other companies in its bid. However, FanDuel New York was already present at Tioga Downs Casino in Upstate New York. FanDuel was also already offering its DFS platform. This means that New York residents and bettors should be familiar with FanDuel as it enters one of the largest markets in the entire United States.

FanDuel New York App Preview

The FanDuel Sportsbook application and betting site are some of the best-designed betting products in the world. FanDuel had spent its entire life as a company online, starting out with daily fantasy sports. It was an easy transition to mobile sports betting for FanDuel, and it has shown through the app. The user experience and user interface are second to none, making it one of the best sportsbooks for new users.

Another place in which FanDuel shines is same-game parlays. This has been a staple of FanDuel Sportsbook for quite some time, offering a wide selection of bets to parlay together, even when those bets stem from the same game or event.

You can also count on FanDuel to create a smooth connection between daily fantasy and sports betting, allowing you to link your accounts. This means you do not have to keep signing in when flipping between your DFS competitions and your sports wagers.

FanDuel Sportsbook Preview

FanDuel New York Projected Promo Code

The best FanDuel promo code earns you a $1,000 risk-free bet in each state that it operates in. We expect that the same lucrative deal will be offered to new users in New York State. This means that you can place a huge $1,000 bet and be insured by FanDuel in case it does not hit.

FanDuel California Bonus Information Banner

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WynnBET New York

WynnBET was a new player in the sports betting world in 2020 and has since expanded its product to several states. The owners of WynnBET, Wynn Interactive, have pushed the chips into the middle of the table, when it comes to its online sports betting platform. Spending millions on promoting and developing the product.

WynnBET was one of the major players in the Kambi-led bid. This means that WynnBET will have the availability to the New York market that it needs to launch its online betting product. New York bettors may already be familiar with WynnBet, as the platform’s first venture was New Jersey.

WynnBet New York App Preview

The WynnBET app struggles when it comes to design and functionality. The application is a bit harder to use than its competitors’. However, the actual sports betting product is there. The odds pricing is competitive, and the bet slip is a joy to use.

WynnBET does offer customer support in multiple forms, including a live chat to talk to real live agents. This is a massive plus as it allows you to get your issues solved much quicker. However, you can use the FAQ page if you have general questions that need answering.

WynnBet Preview

WynnBet New York Projected Promo Code

The projected WynnBET New York promo code will be worth a $1,000 risk-free bet. This is the offer that WynnBET extends to all other users that it currently services. Once WynnBET New York goes online, we will have more details regarding its potential new-user bonus.

WynnBet Promo $1,000 Risk-Free Banner Click For Details (New)

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PointsBet New York

PointsBet will have access to the New York sports betting market, landing on one of two winning bids in the state. PointsBet has seen mixed success in the United States, leading some markets like Michigan while falling behind in others.

PointsBet is a unique sportsbook offering loads of different ways to wager, like PointsBetting. The sportsbook is backed by NBC Sports, giving it big-time name-value throughout the United States.

PointsBet New York App Preview

PointsBet Sportsbook is wonderfully designed. The app and desktop site are both sleek and easy to use. The only complaint one could have from a user-experience point of view is the organization of the betting categories. However, the bet slip, account settings, bet management, etc., are all wonderfully built.

One way PointsBet stands out from the crowd is with PointsBetting, a betting style that is very high risk but can be very rewarding. This style of betting sees your stake multiplied in or out of the money depending on how correct or incorrect you were about a wager.

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PointsBet New York Projected Promo Code

The best PointsBet Sportsbook promo code is “LINEUPS” and it earns you $2,000 in risk-free bets when applied in a state that PointsBet is live in. We project that this same promo will be offered to prospective New York bettors. The risk-free bet breaks down into two parts. One is a $1,500 risk-free wager using the PointsBetting system. The second is a $500 risk-free wager on any fixed or normal betting market.

PointsBet Launching Soon Banner $2000

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Bally Bet New York

Bally Bet is a newer sportsbook that is looking to make a name for its brand in New York. At the moment, Bally’s is pushing the marketing side of its sportsbook heavily, investing millions into partnerships. Bally’s was the surprise fourth company on the DK, MGM, and FD side of the two winning bids for New York sports betting market access.

Bally Bet New York App Preview

The Bally Bet Sportsbook app and desktop site are solid. While Bally Bet did nothing to really revolutionize sports betting when it came on to the scene, it built a good app that is reliable and provides solid odds pricing. This is a good sportsbook for both new and experienced users.

The deposits, support, betting markets, and more are all up to industry standard. This is the definition of a sportsbook that you want to add to make sure you are getting the best odds and values when wagering. For a fairly new platform, Bally Bet comes off like an experienced veteran in the online sports betting world.

Bally Bets Mobile App

Resorts World New York

Resorts World currently offers sports betting in a few states. However, we project that Resorts World New York will resemble the Nevada online platform that the company offers in Vegas. This means that Resorts World’s New York sportsbook will most likely be specific to New York State.

With Kambi leading the bid, Resorts World hopped on and has gained access to the giant New York sports betting market.

Resorts World App Preview

Resorts World’s New York app is not yet known. However, if we base the application on the products that Resorts World currently offers in Las Vegas, you can expect a very solid sportsbook with nothing fancy attached. The odds are solid, and betting is the priority.

There are not many gimmicks, just betting markets, your bet slip, and odds. This is great for old-school sports bettors who just want a platform to give them the odds pricing, their bets and need nothing more.

In-Person 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. Retail Sportsbooks run by DraftKings and FanDuel can be found inside casinos in Upstate New York.

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 retail 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

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 is historically awarded in the form of a risk-free bet or deposit match bonus. In some cases, like with Caesars Sportsbook, 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 NYNo promo code used$1,000 in Bonuses
FanDuel Sportsbook NYNo promo code used$1,000 Risk-Free Bet
Caesars Sportsbook NYYes, promo codes are used$1,001 Bet Match
PointsBet Sportsbook NYYes, promo codes are used$2,000 in Free Bets
BetMGM Sportsbook NYYes, promo codes are used$1,000 Risk-Free Bet
Bally Bet Sportsbook NYTBDTBD
WynnBET Sportsbook NYTBDTBD
Rush Street Interactive Sportsbook NYTBDTBD
Resorts World Sportsbook NYTBDTBD

New York Sports Betting FAQ

Is New York sports betting legal?

Yes, New York legalized sports betting in 2018. Upstate casinos currently offer sports betting on casino grounds, but state-wide online wagering is coming in Q1 of 2022. Several platforms like DraftKings & FanDuel have won bids to offer mobile wagering to New York.

What is the largest sportsbook new-user bonus in New York?

Online sports betting is not yet live in New York. We project that DraftKings will offer the largest deposit match, $1,000 + $50 free following deposit. Caesars Sportsbook may have the biggest bet match at $1,001. Meanwhile, BetMGM and FanDuel may offer a $1,000 risk-free bet.

Is mobile sports betting allowed in New York?

Yes, but only on casino grounds at this point in time. State-wide mobile wagering is coming sometime before the Super Bowl; this could be as early as January 2022. Nine sportsbooks have won bids to offer mobile sports betting to the entire state.

What is the legal sports betting age in New York?

The legal betting age in New York is 21. This means that online sports betting will be limited to those 21 years of age or older. You will not be able to wager, deposit, claim bonuses, or create accounts if you are under 21 in New York State.

Can I place a wager in New York City?

As soon as state-wide mobile and online wagering come to New York, you will be able to place an online sports bet anywhere within state borders. This includes New York City. With New Jersey and Connecticut already having online wagering, the entire Tri-State Area will have online sports betting.

Are there online casinos in New York?

No, online casinos were not approved by New York, and the bids won by the nine sportsbooks are limited to online sports betting only. This means that online casinos will not be offered throughout New York State. Both New Jersey and Connecticut offer online casinos.

Can I play online real-money poker in New York?

No, online poker is not regulated and licensed in New York. Only online sports betting was approved by the Gaming Commission. This means that to enjoy online real-money poker, you will need to visit neighboring Pennsylvania or New Jersey.

Can I bet on collegiate sports in New York?

Yes, you can bet on collegiate sports in New York State. However, you cannot bet on in-state colleges teams or events. This means that schools like Army, Syracuse, and St. Johns are all off-limits for bets placed within New York State.

Is online sports betting taxed in New York?

Yes, both the sportsbooks and bettors are taxed on sports betting revenue. The sportsbooks will be taxed at a whopping 51% rate, the highest in any multi-book state. Bettors will also face a normal tax on gambling winnings, even if won online.

What is the closest state to New York with online mobile sports betting?

Pennsylvania, New Jersey, and Connecticut all offer online sports betting. New York was the last one to the party; however, with over 18 million people, it is still seen as a massive betting market opportunity for sportsbooks. New York sports betting should launch in Q1 of 2022.

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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 Population19,440,500 (2020)
Estimated NY Market Size$5+ billion
Largest New York Betting City PopulationsNew York City (8,601,186)
Buffalo (252,555)
Rochester (206,318)
Yonkers (202,127)
Syracuse (141,353)
Albany (97,640)
New York Profesional Sports TeamsBuffalo Bills
Buffalo Destroyers
Buffalo Sabres
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
Buffalo Bulls
St. John's Red Storm
Syracuse Orange
New York Last Bill ProposedSummer 2021
Launch DateQ1 2022
New York Sportsbook AppsDraftKings, FanDuel, Caesars, BetMGM, BetRivers, WynnBET, PointsBet, Bally Bet, Resorts World
Sports Available for Wagering in Upstate NYAll major sports leagues. No In-state college wagering is allowed.

Top New York Sports Teams


New York Yankees

It’s impossible to discuss New York sports without mentioning the Yankees. The team is extremely popular throughout the area and is one of the most lucrative franchises in not just the MLB, but all of sports.

The New York Yankees have the distinction of having the most total championships in professional sports, with 27 total World Series titles. The team most recently won the league in 2009 after a 4-2 series win over the Philadelphia Phillies.

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New York Knicks

The New York Knicks are one of the most popular teams in the New York area. The team plays at Madison Square Garden in Midtown Manhattan, one of the most notorious venues in pro sports.

Despite being one of the most valuable franchises in the NBA, the New York Knicks haven’t been on top of the league in quite some time. In fact, the last time the Knicks were NBA champions was in 1973.


New York Mets

The New York Mets have a loyal fanbase in the New York area. While the team had a disappointing end to the 2021 season, with their division rival Atlanta Braves winning the World Series, they’re hoping for a big 2022 comeback.

Although partially due to the fact the franchise hasn’t been around as long, the New York Mets haven’t had nearly as much success as the Yankees, with two titles to the team’s name.

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Brooklyn Nets

The Brooklyn Nets are currently one of the hottest teams in the NBA. Thanks to players like James Harden and Kevin Durant, the team has the offensive firepower for major postseason runs.

While the Nets have yet to win an NBA championship, the team made a couple of Finals appearances in the early 2000s. Diehard Brooklyn fans are crossing their fingers for the team’s first championship during the 2021-2022 season.

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Buffalo Bills

With the New York Jets and Giants playing in New Jersey, the Buffalo Bills are the sole NFL team located in New York. The Bills might be most well known for their four consecutive Super Bowl appearances with QB Jim Kelly.

While the team had some tough times since those appearances, things are looking up for the Bills. With QB Josh Allen and head coach Sean McDermott, the team is built to compete long into the postseason.


Syracuse Orange

When you think of Syracuse sports, the college’s men’s basketball squad likely comes to mind. The school has provided some major NBA stars, such as Derrick Coleman and Carmelo Anthony.

The Syracuse Orange basketball team won an NCAA championship in 2003, and has made six total Final Four appearances. The team currently plays in the Carrier Dome in Syracuse, New York, the same home of the Syracuse football team. Syracuse football itself won a national championship in 1959.


Army Black Knights

The Army Black Knights football team had some major success in the past, with five national championships between 1914 and 1946. Unlike Syracuse, who plays in the ACC conference, the Army Black Knights are not affiliated with any conference.

The Black Knights currently play at Michie Stadium in West Point, New York. The team appeared in the 2020 Liberty Bowl, narrowly losing to the West Virginia Mountaineers.

Buffalo Sabres

The Buffalo Sabres are another popular New York NHL team, albeit without as much success as the Rangers or Islanders. The team is currently in a bit of a playoff drought, with their last appearance coming in 2011.

Still, Buffalo has a strong fanbase and looks for a bright future in chilly Buffalo. The Sabres currently play in the KeyBank Center in Buffalo, New York.

New York Rangers

The New York Rangers have been around since 1927, so they’ve amassed quite a fanbase over the years. Throughout the team’s long history, the Rangers have made the playoffs 59 times with four Stanley Cup championships.

The New York Rangers narrowly missed the playoffs for the 2021 season, but the team’s hoping for a big comeback this season. Like the Knicks, the New York Rangers host visiting teams at Madison Square Garden in Manhattan.

New York Islanders

The Islanders are another popular option for hockey fans in the New York area. After two straight years of losing in the Conference Finals to the Tampa Bay Lightning, the Islanders are out for revenge this season.

Since an incredible four-year Stanley Cup run from 1979 to 1983, the New York Islanders have gone without a championship win. The Islanders are adjusting to a new home stadium with a 2021-2022 season debut of the UBS Arena in Elmont, New York.

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New York Jets

Although they don’t play in New York, the Jets have their fans in the area. The crowning moment for the Jets was perhaps the team’s major upset in Super Bowl III, a 16-7 win over the Baltimore Colts.

Unfortunately, the team hasn’t returned to the big game since then. The Jets are hoping to turn things around in the near future with head coach Robert Saleh and QB Zach Wilson leading the team.

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New York Giants

Like the Jets, the Giants currently play at MetLife Stadium in New Jersey. However, the team is still popular throughout the New York area.

While the Giants have seen success throughout the team’s existence, the Super Bowl runs with QB Eli Manning at the helm are definitely the biggest highlights. Super Bowl XLII, when the Giants took down the then-undefeated New England Patriots, remains a major sports moment.

New York Sports Betting Legal Recap

New York sports betting has had one of the most confusing and interesting paths to legalization. Retail sports betting came almost right away in 2018, following the Supreme Court’s decision to overturn PASPA. However, online sports betting has been an ongoing battle since that time.

New York Sports Betting Precedent

New YorkNew 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

andrew cuomoMobile 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.

New York Betting Revenue Report: Casino & Sports Betting

New York

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 has announced the nine sportsbooks that will be gaining market access to the state via mobile and online sports betting. The online sports betting market is projected to be massive, as neighboring New Jersey hauls in over $1 billion of bets, monthly. However, the question remains on if online casinos and online poker are next in New York. Neighboring New Jersey, Pennsylvania, and Connecticut all allow online casinos and poker. This means that bettors in the state have access to these markets, they simply need to travel a bit to get it. With all of this exterior pressure, it makes sense that New York will look to have iGaming in the future.

A lot of eyes will be on New York as experts and sportsbooks see if sportsbooks can really succeed with a 51% tax on revenue. This is what the sportsbooks signed up for when they each submitted their bids. However, the reality of the situation is that there will still be fierce competition and lower profit margins in the state. What sportsbook will come out on top? What sportsbooks can handle the financial burden of the monster tax in a multi-book state?

Native Texan and graduate of Texas Tech University School of Law, and Harvard Business School. Quezada is currently an Associate Attorney with a law firm in Dallas, Texas, where he practices corporate immigration and represents some of the largest technology companies in Silicon Valley. Aside from participating in multiple fantasy football leagues, he is a regular DraftKings DFS player and also wagers on NFL, NCAA, NBA, and PGA Tour events. Beyond sports, Quezada also writes in the arenas of law, politics, and economics.