The legalization of sports betting in the US is a complex and lengthy process that has been going on for decades.
In 2018, the U.S. Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA), which had been in place since 1992. According to this law, betting activity was allowed only in the state of Nevada. Many betting enthusiasts opposed this law and fought for its repeal for a very long time. Only after the law was repealed, in many states, including New York, betting began to gain momentum. In this review, we will look at whether it is legal to do online sports betting in New York and find out how bettors do it.
How the repeal of the law of 19992 affected betting
After the betting ban was repealed, each state was free to determine the legal status of sports betting in its territory. Now 32 states are in the process of legalizing sports betting. The situation in other states is still uncertain. Most often, legalization is opposed by local legislation, which prohibits the activities of betting companies in a particular territory.
Where can you bet on sports now?
In addition to the state of Nevada, sports betting has long been accepted by the states of Delaware, Oregon, and Montana. And the states of Mississippi and West Virginia allowed betting activities on their territory long before the decision of the Supreme Court. Things are more complicated in the state of Pennsylvania – due to the high cost of a license ($ 10 million) and tax (36%, which is 4 times more than in neighboring New Jersey) – businessmen are in no hurry to open a betting company and invest in this business.
New York is one of the states where you can bet today. In addition to the legalization of sports betting, since November 2021, bets can be made not only offline, but also online through mobile applications. The state gaming commission has authorized nine gambling operators to accept mobile bets. The number of legalized operators included:
- Rush Street Interactive
- Empire Resorts
According to the decision of the Gambling Commission, operators can only start accepting mobile sports betting after they have localized and tested the servers. This decision is because all users must be ensured the security and confidentiality of personal data.
Every company needs to build a server room. In addition, all equipment must be tested and approved by an independent testing laboratory.
The tax rate on profits from sports betting is set at 51%. This is a fairly large figure, but the operators have no choice but to agree with this rule.
Before the New York state government approved mobile betting, betting company users could only bet in person at some of the state’s casinos. For now, New York has the potential to become one of the largest sports betting markets in the US.
In addition to the official websites of bookmakers, many of them also have mobile applications for iOS and Android devices. They allow you to bet from anywhere in the world using your mobile device. The only restriction for betting in New York State is age. All players must be 21 years of age or older.
The most popular sports in New York are typical American sports – NFL playoffs football, MLB baseball, NBA basketball, NHL hockey, and MLS football. In addition, many companies also offer less popular sports – rugby, badminton, tennis, boxing, darts, and many others.
College sports betting is also popular in the US. It is legal to bet on college sports in New York City – however, you can only bet on teams that are not from New York State and do not play in New York State.
Unfortunately, it is illegal for gamblers in New York to bet on any York college team participates, even if they are on the road.
However, users can bet on March Madness and College Football Bowl legally.
Popular online sports betting companies in New York
Among the most popular betting companies in New York, there are top three:
The American company Caesars Entertainment in 2021 announced the purchase of the largest British betting company William Hill. The deal amounted to $3.7 billion. Since the whole world found out about it, the number of the company’s customers has increased dramatically.
Caesar offers bettors good promotions and bonuses for new customers. In addition, the site has a large selection of deposit and withdrawal options.
BetMGM offers customers a convenient mobile application that is stylish and easy to use. On the company’s website, you can find a wide selection of sports for betting. In addition, a special reward system has been developed for customers, which allows regular players to receive additional bonuses.
With an easy-to-use online site, PointsBet is still very popular among players. The bookmaker has a good reputation and reliability. In addition, the company offers players a large number of profitable bets with good odds.
New York Sports Betting Options
In New York, the offers for betting are quite diverse. Here, as well as in many other cities and countries of the world, there are live bets and prematch bets.
In addition, many bookmakers offer live broadcasts of matches. The live streaming feature allows players to watch the game they are betting on. Some companies also offer live infographics and statistical charts.
Another popular betting option in New York is the multiple bet. It combines two or more bets into one bet and depends on the winnings of all individual bets. The advantage of this type is that the total payout of the accumulator is higher than the individual bets on all stages of the accumulator.
Thus, online sports betting is completely legal in New York. When you place bets it is important to choose a site that is officially licensed in the state where you are depositing. In 2021, the New York City Gambling Commission approved nine licenses for the establishment of bookmakers, and very shortly, the number of licensed bookmakers will increase.
It is also important to remember that you can only bet on sports in New York at legalized bookmakers. If a company is not included in the list of accredited companies, then it is not legal for the game. In the case of making bets in such offices, you can get a large fine, so we do not recommend taking risks.