Is Sports Betting Legal in Brand-new York?

Is sports wagering legal in New York? Latest 2025 updates

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

Yes, sports wagering is legal in New york city following its launch in January 2022 with four approved operators: Caesars, DraftKings, FanDuel, and Rush Street Interactive.
– New York’s $22.6 billion sports wagering handle in 2024 was the most by any state given that the landmark U.S. Supreme Court ruling in May 2018.
– New york city’s sports wagering tax is 51%, matching the highest rate in the United States.

Is sports gambling legal in New York? Yes, it is most definitely legal. New York sports wagering has actually been lawfully personnel online because January 2022, and in that brief time, the Big Apple’s differentiated itself as the top-performing state in the market. The state’s online operators collected a massive $22.6 billion in legal bets in 2024, breaking the previous year’s record of $19.1 billion (18.4% boost).

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

The development of New York sports wagering laws

The 2013 change, known as 1, paved the introduction for 7 commercial gambling establishments in New york city. However, the very first in-person sportsbooks did not open their doors till July 2019, with the very first legal bet positioned at Rivers Casino & Resort in Schenectady.

Another transformative modification to the state’s sports wagering laws can be found in April 2021 when Gov. Andrew Cuomo completed the expense for the 2022 financial budget plan, which included provisions for legalized online sports betting.

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

Legal online wagering choices in New york city

With online betting legal in New york city, there are currently nine licensed sportsbooks to pick from, including major brands such as BetMGM, DraftKings, and FanDuel. In-person sports betting is also readily available at close to a lots casinos.

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

Next in line was DraftKings, with $8 billion in deal with 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) completed the top 5 in simply its very first year of operation in the state. PENN Entertainment’s ESPN Bet was the other new entrant to the New york city 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 places, each a few hours from NYC.

The sportsbooks also supply accountable betting resources to help gamers manage their costs and overall engagement, including limitations on deposits and wagers, time frame, and self-exclusion choices. NYS HOPEline, a 24/7 helpline offering totally free and confidential support, is available through call (1-877-846-7369) or text (467369 ).

Can you wager on sports in New York?

Yes, you can, as long as you meet the requirements. The minimum legal age for sports betting is 21, according to New york city sports betting rules. Bettors do not need to be a citizen, but they should be physically present in the state at the time of their wager.

You can wager on a number of various professional and college sports, albeit with a few exceptions. Notably, betting on in-state schools or college occasions taking place in New york city are prohibited. That indicates no banking on St. John’s men’s basketball, Army football or the Pinstripe Bowl. College gamer props are likewise off-limits.

New york city’s diverse sports culture includes a number of championship-caliber groups, including the record 27-time World Series champion New York Yankees, four-time Super Bowl champ New york city Giants, and safeguarding WNBA champion New York Liberty.

New York City Yankees (27 World Series titles)

New York Mets (2 World Series titles)

New York Giants (4 Super Bowl titles)

New York City Jets (1 Super Bowl title)

Buffalo Bills (4 AFC titles)

New York City Knicks (2 NBA titles)

Brooklyn Nets (2 conference titles)

New York City Liberty (1 WNBA title)

New York Rangers (4 Stanley Cups)

New York City Islanders (4 Stanley Cups)

Buffalo Sabres (3 conference championships)

New York Red Bulls (2 MLS Cup finals)

New York City City FC (1 MLS Cup)

NJ/NY Gotham FC

Tax ramifications for New york city sports gamblers

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

All gambling earnings are thought about gross income, despite whether it comes from wagers put through mobile sports betting or a retail gambling establishment.

Winnings above a particular level will immediately set off notification to the IRS, and wagerers must expect to get a W-2 G type. Bettors are accountable for reporting all betting earnings on their federal and state tax returns.

It is very important for bettors to play properly and thoroughly track their costs. Online sportsbooks usually have activity statements where users can find comprehensive breakdowns of their deposits, bets, and winnings.

Gambling winnings are subject to a 24% tax rate on the federal level, while in New York the rate ranges between 4% and 8.82%.

Conclusion

New York stands atop the stack in sports betting, and it does not seem slowing down. Last month alone, players lawfully bet $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 inhabited states, New York appears poised to reach even higher heights, particularly with a sufficient offering of professional and college sports.

Still, as the industry continues to develop, it’s crucial to watch out for specific legal developments that might shake things up. One in particular is a recently presented bill by Assemblyman Robert C. Carroll, A 7962, which proposes limiting the amount a gambler can bet or deposit into an account over a 24-hour duration.

New York very first legalized sports betting at industrial casinos in 2013. However, in-person sportsbooks didn’t start opening till July 2019, more than a year after the U.S. Supreme Court reversed a federal ban. Online sportsbooks quickly followed, releasing in January 2022.

There are currently 9 sportsbooks accredited in New York, consisting of major brand names such as BetMGM, Caesars, DraftKings and FanDuel. Legal sports wagering is also available at numerous upstate retail gambling establishments.

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