Online Gambling in New York

Here at Profit Squad, we know that you love to visit the best online gambling sites. This is why we always undertake lengthy research to find the very best sites for you. When it comes to looking at the best online gambling NY has, we found that there’s more on offer than ever before. 

 

Below, you will find details about some of the most popular betting markets in NY. You’ll also learn about how much tax players and sportsbooks need to pay. Finally, you’ll also learn whether online poker will be introduced to New York’s betting markets any time soon.

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New York’s most popular sports betting markets

Is online gambling legal in NY? As a matter of fact, it is. However, the only type of betting that has been legalized to date is sports betting. In April 2021, online sports betting was legalized in New York, ensuring that lovers of sports could legally place bets in more ways than ever.  

Players can now place a bet on a wide variety of different sports. Some of the most popular sports betting markets include: 

NFL

The National Football League is incredibly popular and one of the most exciting sports to bet on. Players can bet on games as and when they occur, or up-coming games. There is a real opportunity for players to bet on a wide range of matches throughout the year, even during the off-season.

NBA

Basketball is another hugely popular sport to bet on. Offering players the chance to bet on these fast-changing games adds a whole new level of excitement.

MLB

Major League Baseball has never been the same since players have been able to place online bets. If matches were not thrilling enough, players can now make watching each match even more thrilling by placing a bet.

UFC

While not every online sportsbook seems to offer UFC, many of them do. Players often have the opportunity to bet on a range of different outcomes. This can help to make fights more exciting and potentially lucrative.

NHL

Many people love to watch hockey because they’re almost guaranteed to see a scuffle take place. However, more people now love to watch this fast-paced sport thanks to New York’s new online betting rules that can make each match more interesting.

PGA

When the golf season hits, many a golf lover will be more than happy to go online and place a few bets. The Professional Golfer’s Association holds many games every year, and players can now make each game seem even more interesting.

Horse racing

The world of NY sports gambling online has allowed horse racing enthusiasts to place a bet without having to leave the house. Players now have the opportunity to bet on multiple races as and when they please. Some races take place in this country, others around the world, there are endless betting opportunities for horse racing enthusiasts.

 

Other sports that are commonly found in online sportsbooks include soccer, tennis, and college basketball.

Online sports gambling NY has opened up a whole new world of betting for sports lovers all over the state. As long as players know how to gamble online in NY and what the limitations are, they’re in for a great time. 

The latest gambling news

Some of the latest news in the world of sports betting includes:

How you can make the most out of online casino bonuses:

https://www.profitsquad.co.uk/how-to-utilise-casino-bonuses/ 

Can you use cheats when playing online poker?:

https://www.profitsquad.co.uk/can-cheats-be-used-for-online-poker/ 

Using multiple online accounts at the same online casino:

https://www.profitsquad.co.uk/account-protection-multiple-accounts/

 

The benefits of online sports betting: https://www.profitsquad.co.uk/benefits-of-online-sports-betting-everything-you-need-to-know/

Stay tuned to our website to learn more about what is happening in the world of sports betting.

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The beauty of online horse betting

The world of online horse betting is truly a wonderful thing. Online gambling in NY has opened up a world of excitement that now ensures horse racing lovers can place bets from wherever they are. 

The first state in the country to host horse racing, New York now welcomes bets online. Players can now bet on the Dubai World Cup, the Grand National,  the Triple Crown, and many other well-known races. Players can also place a range of bets should they wish to, such as trifecta bets, exacta bets, wins, shows, combinations, places, and much more. The possibilities seem almost endless. 

In the past, it wasn’t always easy placing a bet on international races. However, online sportsbooks have made betting so much easier. Players can place bets from their computer or tablet at home and learn about races that they may not have known about otherwise. 

Online sportsbooks in New York now proudly offer players even more gambling opportunities than ever before. It’s very clear that New Yorkers are more than happy to make the most of what these online sportsbooks offer. 

Where are New York’s online casinos?

When it comes to placing a bet at an online casino, players in New York are still missing out. The latest NY online gambling update did not allow for online casinos to become legalized in the state. At the time of writing (April 2022), players could only legally bet on online sports. 

It’s unlikely that online casinos will become legal in 2022. However, there is hope that 2023 will bring with it some exciting news. For now, the New York State Constitution has forbidden games of chance to be played online. This could be due to the huge number of land-based casinos that can be found in New York. Many land-based casinos in this part of the world are partnered with other casinos around the country and a few hotels and resorts. Perhaps this has made bringing online casinos into fruition more complicated and that’s why we casino lovers have to wait.

2023

So, when will online gambling be legal in NY? It is hoped that the very first half of 2023 will bring with it some great news. New Yorkers will likely love spending time at an online casino. Many New York land-based casinos can become rather crowded. Legalizing online casinos in the state could be very welcome indeed. 

Legality

Gambling in New York State became legal in April 2021. It was not until January 2022 when online sportsbooks began to appear. Some of the best-known online sportsbook operators were more than happy to bring their websites to New York. After all, there is likely to be a huge fan-base in this part of the world. 

As we have already seen, it is hoped that online casinos will come into fruition in 2023. One rumor as to why they have not already appeared says that too much gambling legalization in one go could be harmful. Here at Profit Squad, we don’t really know the reason why New York’s casinos haven’t appeared online as yet. We can only guess and wait. With any luck, we won’t have to wait very much longer. 

Rules surrounding online sportsbook betting 

The New York State Gambling Commission finalized its rules and regulations in 2021. One of the rules pertains to the minimum age of gamblers in New York. Those who are at least 21 years old can place a bet. Those who are younger may simply have to visit different states to place online bets. 

Other rules and regulations include :

Location

Bettors need to be physically located within New York State in order to bet online. Most online sportsbooks use geolocation technology that determines where they are. If it is found that a player is not where they claim to be, they may not be able to access the site. 

The difficulty with this is that many people live on the border. As geolocation technology isn’t exactly 100% accurate, some people may have trouble opening an account. This is something of a downer for any sports betting enthusiasts who live close to another state. There doesn’t seem to be anything that they can do about this. Let’s hope geolocation technology gets a lot more accurate very soon. 

Betting on specific sports

Another rule is quite a surprising one. Online sportsbooks need to allow players to bet on professional sports such as the NFL, NHL, MLB, and the NBA. They also have to allow betting on other North American sports as well as international sports. It’s not clear why online sportsbooks in New York have to offer these betting options. Surely it goes without saying they will, but who knows? Only time will tell. 

Betting on college games

The issue of college betting is something of a contentious one. While sports fans can bet on NCAA (National Collegiate Athletic Association) games, they cannot place a bet on in-state college teams. It’s not clear as to why this is the case, but perhaps it puts less pressure on the teams. 

The age of bettors

The New York State Gambling Commission came up with another rule. This rule forbids betting on games whereby most of the participants are under 18 years of age. In other words, high school bets are completely off the table. This is understandable and this rule is likely to remain in place at all times as we don’t want to encourage young ones to start gambling. 

The bettors’ jobs

People in certain jobs are unable to place a bet. They are known as prohibited sports bettors to the New York State Gambling Commission. Those unable to make bets are:

  • Athletes and players
  • Casino employee’s or contractor’s immediate family members
  • Coaches
  • Contractors and employees of a sports wagering licensee that processes payments or bets
  • Employees working for a sport’s governing body
  • Independent contractors who work for a team
  • New York State Gambling Commission employers and officers
  • Non-gaming employees of casinos 
  • Physicians and trainers
  • Referees
  • Sports agents
  • Team owners, employers, player union members, and umpire union members

The reason behind prohibiting some employees is because they could have an unfair advantage. They may know a little more about the game or race in question in such a way that it affects the bets that they place. So, the New York State Gambling Commission has decided that it’s best if they cannot place a bet at all. 

As you can see, there are quite a few rules surrounding those who can place a bet. It’s likely that all of these rules will remain in place for some time. The New York State Gambling Commission clearly wants to make online gambling as safe and as enjoyable as possible. All credit to the Commission for this. 

 

Betting operators

There are a number of betting operators in New York who are more than happy to offer sports betting to the masses. These include:

  • Caesars Sportsbook: Offering a $1,100 bonus and first bet insurance
  • DraftKings Sportsbook: Has a bonus of up to $1,000 free and $50 free on the first deposit
  • FanDuel Sportsbook: Offers a $1,000 risk-free bet
  • PointsBet Sportsbook: Offers new players 2 risk-free bets of up to $2,000
  • BetMGM Sportsbook:  Has a $1,000 risk-free bet, and a $10 weekly free bet
  • BetRivers Sportsbook: Offers new players a $250 free bonus and 100& first deposit match

Each of the above betting operators was more than happy to open their online doors, so to speak, to players in New York. They are all well-known across the country, and some are even known internationally. While there are only 6 online sportsbooks listed above, there are up to 8 operating in the state. It’s likely that more online sportsbooks will appear very soon. 

The future of online gambling in New York 

As far as the future of online gambling in New York is concerned, it looks as though more online sportsbooks will open up soon. At the time of writing (April 2022), we can see that at least one more online sportsbook will open very soon. 

Research has shown that online sports betting in New York will create as much as $750 million in revenue very soon. When sports betting first came into fruition in January 2022, the combined revenue total of all online sportsbooks was $124.1 million. This huge figure was worth an approximate $63.3 million in tax revenue. This is nothing short of impressive and just goes to show that there’s a real market for online sports betting. 

If the above figures were not enough, it’s estimated that the first 4 years of online sports betting could be worth $7.4 billion. This estimate takes all of the current online sportsbooks into consideration. 

Can you play online poker in NY?

Unfortunately, no one can play online poker in NY. This is because it has not been legalized as yet. As far as the future of online poker is concerned, it looks as if New York’s policy makers will consider the issue again soon. There is a chance that online poker could be made legal in New York in 2023, however, this is conjecture for now. 

Anyone who lives in New York either has to visit a land-based casino and play the game or travel out of state. Both Pennsylvania and New Jersey offer players the chance to enjoy the classic game of poker online. 

All is not lost, however, players in New York do have an option to play poker online. This is thanks to the site Global Poker which is legal in 49 states and in Malta. One of the reasons why Global Poker may be legal is that it uses virtual currencies. It seems that The New York State Gambling Commission has no problem with virtual currencies. 

Players do have to purchase virtual currencies in order to place a bet. However, they will not be gambling with real money. This is perhaps why The New York State Gambling Commission is happy to let players in New York visit Global Poker.

The future certainly looks bright for the world of online sports betting in New York State. Hopefully, more sportsbooks and some of the best online casinos will open up soon.

Gambling Tax Rates in New York

NY state online gambling comes with some tax rates that every sportsbook needs to be aware of. Sportsbooks need to pay a 51% levy as they have the privilege of operating in New York State. The taxes go towards combating problem gambling as well as helping to fund youth sports and education. 

 

Players need to pay taxes and claim them as part of their local, state, and federal income taxes. 

Single New Yorkers need to pay approximately:

  • 4% on winnings between $0 and $8,500
  • 4.5% on winnings between $8,501 and $11,700
  • 5.25% on winnings between $11,701 and $13,900
  • 5.9% on winnings between $13,901 and $21,400
  • 5.97% on winnings between $21,401 and $80,650
  • 6.33% on winnings between $80,651 and $215,400
  • 6.85% on winnings between $215,401 and $1,077,550
  • 9.65% on winnings between $1,077,551 and $500,000
  • 10.30% on winnings between $500,001 and $25,000,000
  • 10.90% on winnings between $25,000,001 and over

 

Married New Yorkers who file separately need to pay approximately

  • 4% on winnings between $0 and $17,150
  • 4.5% on winnings between $17,151 and $23,600
  • 5.25% on winnings between $23,601 and $27,900
  • 5.9% on winnings between $27,901 and $43,000
  • 5.97% on winnings between $43,001 and $161,550
  • 6.33% on winnings between $161,551 and $323,200
  • 6.85% on winnings between $323,201 and $2,155,350
  • 9.65% on winnings between $2,155,351 and $5,000,000
  • 10.30% on winnings between $5,000,001 and $25,000,000
  • 10.90% on winnings between $25,000,000 and over

 

Please note, the above figures were for the 2021 tax year and are subject to change at any time. 

FAQ

Yes. Online sportsbook gambling in New York was made legal in April 2021. It is hoped that other NY online gambling sites such as online casinos will become legal very soon. 

Online sports betting is legal in New York. It is hoped that online poker and online casinos as well as online casinos bonuses will be legalized in 2023. 

A range of payment methods are typically offered such as bank cards, e-wallets, and pre-payment cards. 

If you’re wondering “can I gamble online in NY?” you can, and you can visit one of the 8 online gambling sites. More sites are likely to open up in the near future. 

Yes. Most of the large online sportsbooks in New York offer players the chance to download an iOS or Android app. 

No. The best online gambling sites NY allow visitors to New York to play online. However, as soon as the visitors have left New York they will be unable to access their online sportsbook account. 

Legal online gambling NY has come a long way in recent years. It is hoped that online poker will be legal in 2023 or very soon after. 

Online gambling and responsible gaming

Most online sportsbooks have a responsible gaming page or policy. They allow players to have more control over how often or even how much they bet. Should players be concerned about how much time or money they’re spending online, they can ask for help. 

The responsible gaming options that tend to be available include time limits, spend limits, deposit limits, and self-exclusion. Again, these options are there to allow players to have more control over their online gambling.