New York Online Sports Betting
Essentially, New York is a progressive gambling state that allows many forms of online gaming, including online horse and greyhound betting and Daily Fantasy Sports (DFS) competitions for real money. The big 3 legal horse racing betting sites and the biggest 2 DFS operators based in the United States all accept customers from the Empire State.
Technically, sports betting is legal at the state’s commercial casinos in New York, however, the casinos need to patiently wait for the bureaucracy of the New York Gaming Commission to issue the appropriate regulations. Alternatively, the State’s Legislators may be required to pass a new law that will expand legal sports betting. Word has it that only online poker might be included as online gaming option, but time will tell and we’ll let you know how the situation unfolds.
Legality of Sports Betting VS Gambling
New York offers its visitors and residents a great Tribal Casino industry, legal (yet to be applied) sports betting, legal DFS competitions, horse racing betting (online and land-based), a state lottery, live poker and charitable gambling.
|Sports & Gambling Type||Legal Land-Based||Legal Online|
|Sports Betting||Yes||No (Not Yet)|
|Fantasy Sports (DFS)||N/A||Yes|
|eSports||Yes||No (Not Yet)|
New York Sports Betting Tax Rates
State gambling taxes in New York vary by region.
A state-wide tax of 8.97% applies on all winnings in New York State plus an additional 3.648% for residents of New York City and 0.897% for residents of Yonkers.
Large gambling wins over $600 in the state of New York may possibly attract an additional Federal Tax.
Contact your tax attorney to assess your potential Federal tax liability if you have a big win in New York.
Sports betting Age VS Gambling Age in New York
New York will launch sports betting in Casinos and age limits in the state’s casinos depend on if alcohol is served in the establishments (21-years-of-age), or not (18-years-of-age). All other forms of legal gaming apply an age limit of 18.
|Sports & Gambling Type||Age|
|Sports Betting||Expected to be a varying 18-21|
|Casinos||18 to 21 (Varies)|
Betting on Sports in New York
Sports betting regulations are now made on a state-by-state basis, including New York.
For the time being, the state of New York has prepared the groundwork for introducing sports betting. Fortunately, an existing New York sports betting bill established in 2013 already allows for some limited form of sports betting.
According to that law, presumably, the NY sports betting market will begin with the state’s bricks-and-mortar, land-based casinos. They’re the only venues already approved to take wagers by law. Even though no NY state bill has yet to be passed, we anticipate that in-person sports wagering will be available at New York’s four Catskills’ land-based casinos sometime in 2019.
In the future, as the State laws become passed, however, you should be able to bet on sports anywhere within the state of New York and online sports betting NY will become commonplace.
Without a shadow of a doubt, New York’s sportsbooks (both online and land-based) will be looking to implement a number of sports and odds markets under the state’s legal sports betting banner including NHL odds, CFL odds, Kentucky Derby and other Horse Racing Odds, NFL Odds, MLB Odds, Odds for PGA Golf tournaments, NCAA Odds, MLS Odds, NBA Odds and much, much, more.
New York Online Sports Betting Laws
For the time being, Sports Betting Online in the state of New York is not currently offered. The State’s first legal sports betting options are expected to established at the state’s 4 Catskills land-based casinos to begin with.
However, with New York being one of the more liberal and open-minded states to gambling legalization and sports betting in general, it is potentially only a matter of time until we advise you of where you can bet legally online in New York.
We will advise you of the unfolding legal environment and the best online sports betting sites as they become available in the state of New York.
Online Fantasy Sports in New York
As it is widely considered to be a contest of skill and by no means related to regular casino games of random chance, Fantasy Sports betting has long been exempt from US federal legislation.
Some of the most conservative states have disallowed fantasy sports, however, in 2016, the state of New York passed legislation (S8153) to formally legalize and regulate fantasy sports.
Daily fantasy sports (DFS) sites must be licensed to operate in New York and are subject to a number of consumer protection regulations. Requirements include;
- All sites must be licensed,
- All sites must comply to truth in advertising,
- Sites may NOT OFFER contests based on college or high school sporting events or horse racing.
- They must only accept customers over 18,
- They must be subject to independent audits
- They must keep players’ funds in a separate account from operator funds (in order to protect customers’ deposits).
Online Players have been able to play DFS online in New York for some years before the 2016 state bill and little changed for players. There are many DFS sites currently authorized to hold DFS contests in the state of New York.
In November 2018, a New York judge stated DFS competitions may actually be illegal in New York State. The case is under consideration and meanwhile, DFS competitions are still available to all New Yorkers and its visitors.
Esports Online Betting Laws
Given the unprecedented decision of the U.S. Federal Supreme Court in May 2018 to rule in favor of legalizing sports betting, New York could soon be among the first states to have legal eSports gambling as a part of the sports betting legalization package.
Sports betting regulations are now being legislated on a state-by-state basis (including New York), at different speeds and across various formats to create a cocktail of nationwide sports betting laws. For now, there are no legal venues at which to gamble on eSports in New York.
However, given the legal situation is a fluid one, we anticipate that eSports betting will lead the way as a sports betting legislation ‘lubricant’ in New York in the very near future.
The eSports betting phenomenon
eSports has managed to transform video game play at its highest-played levels into a full-time professional sport in which the best players sign multi-million-dollar contracts to compete. eSports are not usually played on an individual level, and for now, eSports is mostly played by teams and in league and tournament formats.
In some ways, the electronic games are equivalent to sports types in some ways. For example, in eSports, the games Dota 2 and Overwatch are equivalent to, say, NFL and the NBA. eSports is the overarching theoretical concept, while the different electronic game types are equivalent to different sport types.
Betting on eSports gains exponentially in popularity every year. Most international sportsbooks now offer a range of betting markets across all major eSports tournaments and formats.
The gaming market will pass the $100 billion revenue mark globally in 2018, and as a result, eSports can be seen to be the highest-level competition in gaming today including all the best and most-loved professional players in the world taking part, all with millions of fanatical fans across the globe.
Watch for betting on eSports coming soon to your favorite New York sportsbook.
Horse Racing in New York
Horse Racing Betting is legal (both on course/track side) for all residents of the state of New York (over the age of 18).
There are some current restrictive laws when it comes to various betting types in New York, however, it is completely legal to spend the day watching the races and bet on horses in the Empire state.
NY residents can wager on horse races both Track side, Off Track Betting and online. All of the nation’s largest horse betting websites have a presence in the state of New York.
New York State is home to 9 live racing venues that accept wagers on horse races. Horse racing in the state is regulated by New York Racing Association and the Harness Horse Breeders of New York State and administered under the New York State Gaming Commission.
Off Track Betting (OTB) in New York
New York State is highly organized in the provision of OTB venues for its residents with 170 locations across the state.
Online Horse Racing in New York
Major horse racing online betting sites all accept customers over the age of 18 from New York and offer wagering on races in New York, elsewhere in the U.S. and around the world are all available.
Visit our Ny gambling page for more information about NY’s online casino and gambling laws