Is Sports Betting Legal in New York City?

Is sports betting legal in New York? Latest 2025 updates

Douglas Bonjour is a veteran sportswriter with more than a decade of experience, consisting of in the sports betting industry. He’s composed for the Associated Press, New York Times, CBS Sports, and Hearst Connecticut Media, where he covered the 12-time NCAA champion UConn women’s basketball program.

Yes, sports wagering is legal in New York following its launch in January 2022 with 4 authorized operators: Caesars, DraftKings, FanDuel, and Rush Street Interactive.
– New York’s $22.6 billion sports wagering deal with in 2024 was the most by any state since the landmark U.S. Supreme Court judgment in May 2018.
– New York’s sports betting tax is 51%, matching the highest rate in the United States.

Is sports betting legal in New york city? Yes, it is most absolutely legal. New york city sports wagering has been lawfully personnel online because January 2022, and in that brief time, the Big Apple’s identified itself as the top-performing state in the industry. The state’s online operators gathered a tremendous $22.6 billion in legal bets in 2024, breaking the previous year’s record of $19.1 billion (18.4% increase).

As such, New york city took in $1.05 billion in tax income, marking the very first time any state has ever created a 10-figure sum from betting in a fiscal year.

The advancement of New York sports betting laws

The 2013 change, understood as Proposal 1, paved the introduction for seven business gambling establishments in New York. However, the very first in-person sportsbooks did not open their doors until July 2019, with the very first legal bet put at Rivers Casino & Resort in Schenectady.

Another transformative modification to the state’s sports wagering laws came in April 2021 when Gov. Andrew Cuomo completed the costs for the 2022 financial spending plan, which included provisions for legalized online sports betting.

The New York State Gaming Commission (NYSGC) offered 4 operators – Caesars, DraftKings, FanDuel and Rush Street Interactive – licensing to begin accepting mobile bets on Jan. 8, 2022.

Legal online wagering options in New York

With online wagering legal in New york city, there are currently 9 certified sportsbooks to pick from, consisting of significant brands such as BetMGM, DraftKings, and FanDuel. In-person sports betting is also readily available at near a lots gambling establishments.

FanDuel apart itself as the state’s top-performing online operator in 2024, according to figures released by the NYSGC, gathering more than $9 billion in bets that yielded $952.1 million in gross gaming income (GGR).

Next in line was DraftKings, with $8 billion in handle and $704.8 million in GGR. Caesars ($1.8 billion, $131.1 million) was 3rd ahead of BetMGM ($1.6 billion, $102.2 million), while Fanatics ($1.1 billion, $85 million) rounded out the leading 5 in simply its first year of operation in the state. PENN Entertainment’s ESPN Bet was the other brand-new entrant to the New York market.

Whereas some sportsbooks are strictly mobile, DraftKings (Del Lago Resort and Casino in Waterloo) and FanDuel (Tioga Downs Casino Resort in Nichols) have retail locations, each a few hours from NYC.

The sportsbooks likewise provide responsible gambling resources to assist gamers manage their spending and total engagement, including limits on deposits and wagers, time limitations, and self-exclusion options. NYS HOPEline, a 24/7 helpline offering complimentary and private assistance, is available through call (1-877-846-7369) or text (467369 ).

Can you bank on sports in New york city?

Yes, you can, as long as you satisfy the requirements. The minimum legal age for sports wagering is 21, according to New york city sports wagering guidelines. Bettors do not require to be a local, however they should be physically present in the state at the time of their wager.

You can bet on a number of various expert and college sports, albeit with a couple of exceptions. Notably, banking on in-state schools or college events occurring in New york city are restricted. That means no banking on St. John’s guys’s basketball, Army football or the Pinstripe Bowl. College gamer props are likewise off-limits.

New York’s varied sports culture includes numerous championship-caliber teams, including the record 27-time World Series champion New York Yankees, four-time Super Bowl champion New york city Giants, and safeguarding WNBA champ New York .

New York Yankees (27 World Series titles)

New York City Mets (2 World Series titles)

New York City Giants (4 Super Bowl titles)

New York City Jets (1 Super Bowl title)

Buffalo Bills (4 AFC titles)

New York Knicks (2 NBA titles)

Brooklyn Nets (2 conference titles)

New York Liberty (1 WNBA title)

New York Rangers (4 Stanley Cups)

New York City Islanders (4 Stanley Cups)

Buffalo Sabres (3 conference championships)

New York City Red Bulls (2 MLS Cup finals)

New York City City FC (1 MLS Cup)

NJ/NY Gotham FC

Tax implications for New York sports gamblers

Online sportsbook income is taxed at 51%, with a majority of funds allocated for public education. That matches New Hampshire and Rhode Island for the greatest rate in the U.S.

All gambling profits are considered gross income, despite whether it comes from wagers placed through mobile sports betting or a retail casino.

Winnings above a particular level will instantly set off notification to the IRS, and gamblers must expect to receive a W-2 G kind. Bettors are responsible for reporting all gambling earnings on their federal and state tax returns.

It is necessary for bettors to play responsibly and thoroughly track their spending. Online sportsbooks generally have activity statements where users can discover comprehensive breakdowns of their deposits, bets, and payouts.

Gambling winnings go through a 24% tax rate on the federal level, while in New york city the rate ranges in between 4% and 8.82%.

Conclusion

New York stands atop the load in sports wagering, and it does not seem slowing down. Last month alone, players legally wager $2.15 billion on sports online, according to the NYSGC. This marked a 9.1% rise from the previous year.

As one of the top-five most populated states, New york city seems poised to reach even higher heights, specifically with an adequate offering of professional and college sports.

Still, as the industry continues to evolve, it is essential to watch out for particular legal advancements that could shake things up. One in particular is a just recently introduced expense by Assemblyman Robert C. Carroll, A 7962, which proposes restricting the quantity a gambler can bet or transfer into an account over a 24-hour period.

New york city very first legalized sports wagering at business casinos in 2013. However, in-person sportsbooks didn’t start opening till July 2019, more than a year after the U.S. Supreme Court overturned a federal restriction. Online sportsbooks quickly followed, introducing in January 2022.

There are presently 9 sportsbooks licensed in New York, including significant brands such as BetMGM, Caesars, DraftKings and FanDuel. Legal sports betting is also readily available at numerous upstate retail casinos.

Yes, online gambling is legal in New york city. It was signed into law by Cuomo in April 2021 and launched with 4 operators, Caesars, DraftKings, FanDuel, and Rush Street Interactive, on January 8, 2022.