Is sports betting legal in New york city? Latest 2025 updates

Douglas Bonjour is a veteran sportswriter with more than a years of experience, including in the sports betting industry. He's composed for the Associated Press, New York City 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 following its launch in January 2022 with 4 authorized operators: Caesars, DraftKings, FanDuel, and Rush Street Interactive.
- New york city's $22.6 billion sports wagering deal with in 2024 was the most by any state given that the landmark U.S. Supreme Court judgment in May 2018.
- New York's sports wagering tax is 51%, matching the greatest rate in the United States.

Is sports gambling legal in New York? Yes, it is most certainly legal. New York sports betting has actually been lawfully operative online considering that January 2022, and in that brief time, the Big Apple's identified itself as the top-performing state in the market. The state's online operators gathered a whopping $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 profits, marking the very first time any state has actually ever generated a 10-figure sum from betting in a calendar year.

The evolution of New york city sports betting laws

The 2013 change, known as Proposal 1, paved the introduction for seven industrial gambling establishments in New york city. However, the very first in-person sportsbooks did not open their doors until July 2019, with the first legal bet placed 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 bill for the 2022 financial budget, which included arrangements for legalized online sports betting.

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

Legal online betting choices in New york city

With online betting legal in New York, there are currently nine licensed sportsbooks to choose from, including major brand names such as BetMGM, DraftKings, and FanDuel. In-person sports wagering is likewise offered at close to a dozen gambling establishments.

FanDuel apart itself as the state's top-performing online operator in 2024, according to figures launched by the NYSGC, collecting 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 third ahead of BetMGM ($1.6 billion, $102.2 million), while Fanatics ($1.1 billion, $85 million) completed the leading 5 in just its very 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 areas, each a couple of hours from NYC.

The sportsbooks also offer accountable betting resources to help gamers handle their spending and general engagement, consisting of limits on deposits and wagers, time frame, and self-exclusion alternatives. NYS HOPEline, a 24/7 helpline offering complimentary and confidential assistance, is accessible via call (1-877-846-7369) or text (467369 ).

Can you bank on sports in New york city?

Yes, you can, as long as you fulfill the requirements. The minimum legal age for sports betting is 21, according to New York sports betting guidelines. Bettors do not need to be a homeowner, however they need to 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, wagering on in-state schools or college occasions happening in New York are prohibited. That means no banking on St. John's guys's basketball, Army football or the Pinstripe Bowl. College player props are also off-limits.

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

New York Yankees (27 World Series titles)

New York Mets (2 World Series titles)

New York Giants (4 Super Bowl titles)

New York 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 championship game)

New York City Red Bulls (2 MLS Cup finals)

New York City FC (1 MLS Cup)

NJ/NY Gotham FC

Tax implications for New york city sports wagerers

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

All betting earnings are thought about taxable income, no matter whether it originates from wagers positioned through mobile sports wagering or a retail casino.

Winnings above a particular level will automatically trigger notice to the IRS, and bettors must anticipate to receive a W-2 G kind. Bettors are accountable for reporting all betting income on their federal and state tax returns.

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

Gambling payouts go through 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 wagering, and it doesn't seem decreasing. Last month alone, gamers lawfully wager $2.15 billion on sports online, according to the NYSGC. This marked a 9.1% increase from the previous year.

As one of the top-five most inhabited states, New york city appears poised to reach even greater heights, specifically with a sufficient offering of professional and college sports.

Still, as the market continues to evolve, it is necessary to watch out for specific legislative developments that might shake things up. One in particular is a recently presented expense by Assemblyman Robert C. Carroll, A 7962, which proposes limiting the quantity a gambler can wager or transfer into an account over a 24-hour duration.

New York first legalized sports wagering at business gambling establishments in 2013. However, in-person sportsbooks didn't start opening up until July 2019, more than a year after the U.S. Supreme Court reversed a federal ban. Online sportsbooks soon followed, launching in January 2022.

There are presently nine sportsbooks licensed in New York, consisting of significant brand names such as BetMGM, Caesars, DraftKings and FanDuel. Legal sports betting is also offered at several upstate retail gambling establishments.

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