Online Sports Betting in New York
Online sports betting went live in New York on January 8th 2022, following the lifting of PASPA. The repeal of PASPA, a federal ban on sports betting, saw many states legalize online sports betting; a decision lobbied by politicians, sports organizations and civilians.
Since launching online betting, New York has evolved into one of the largest legal sports betting states by handle. According to statistics, in the first month of legalized betting, NY players wagered more than $2 billion in bets. This signaled the immense appetite for sports betting in the Empire State.
As soon as the ban on online sports betting was lifted, many big bookmakers launched betting services in the state. This included reputable operators such as Caesars, DraftKings, FanDuel and BetRivers. As the industry gathered momentum and player numbers swelled, more operators joined the party, with NY sports bettors now having tens of bookmakers to choose from when looking to place a wager online.
Betting.bet has partnered with the best legal sports betting sites in New York, providing New Yorkers with the latest offers from the best sportsbooks operating in the state
Sports to Bet on in New York
While NY bettors are largely interested in US sports, they have the option to bet on pretty much any sporting event taking place across the globe. This is because operators such as DraftKings and FanDuel carry odds for international markets such as British football, Canadian hockey, New Zealand rugby and so on.
When reviewing online sportsbooks in New York, we found the below markets to be the most sought-after amongst New Yorkers.
- NFL
- NBA
- MLB
- NHL
- NCAA Football
- NCAA Basketball
- Super Bowl
- March Madness
- PGA Tour Golf
- NASCAR
Although these are the most popular betting markets, New York online betting sites will also carry what are called ‘niche’ markets. These are sports or betting categories that sit outside the remit of popular sport. Examples of niche sports betting markets include handball and water polo.
NY Betting Promotions
Betting promotions play a crucial role in the online betting industry, with many bettors only wanting to place wagers with brands that incentivize them to do so. As more online sports betting businesses enter New York, a larger selection of promotions are being made available. What’s more, promotions are becoming increasingly generous, especially from big-name bookies such as DraftKings and Fanduel. This increase in promotional offerings is an attempt by bookmakers to win players.
Wondering what promotions can be claimed on New York sportsbooks? Here are the most popular:
New Player Free Bets
New player free bets are free betting credits issued to players after they sign up to a betting site. These free bets are used as an incentive to attract new players. Each bookmaker will take its own approach to how it packages its new player free bets. Where some will only be able to be used on specific sports and markets, others will be far more all-encompassing. This is why it is vital that all players read the terms and conditions of the new player free bets before they claim the offer. The terms and conditions will state exactly what the bonus can be used on and what the conditions are around withdrawing winnings made from the free bets. New player free bets can come in a variety of formats. These include risk-free bets, matched free bets, no deposit free bets and so on.
Risk-Free Bets
New York bettors are always looking for ways to reduce their risk of losing money when placing wagers. This is why risk-free bets have become particularly popular on New York betting sites. Risk-free bets are awarded when a player experiences their first loss. A bookmaker will reimburse a player up to a certain amount if their initial betting prediction proves incorrect.
No Deposit Free Bets
No deposit free bets are by far the most advantageous of all the betting promotions. That’s because they and one of the only betting promotions that require nothing from the player to claim. With no deposit required, no deposit free bets are actually the only truly free bonus type available to New York players.
Parlay Insurance
Parlay wagers are known for being risky. That’s because numerous selections need to prove correct in order for the bet to be paid out. For this reason, parlay insurance offers are hugely popular in New York. These protect players if one selection within the parlay wager loses, seeing the bookmaker still pay out on the wager.
Friend Referral Bonuses
Friend referral bonuses are found on most NY online sports betting sites. These are bonuses or free bets issued to players that recommend their betting site to others. Most bookmakers will request that the new player deposit and place a wager before the bonus money is released.
Odds Boosts
Getting the best odds for your selections will be a mission of yours, especially if you are confident in your wager. Odds boosts are a type of promotion that most NY online sports betting operators are now offering. Odds boosts can be sourced from bookmakers such as Caesars, BetRivers and BetMGM.
VIP Programs
Bookmakers will go to great lengths to encourage players to stay betting with them. This is why most will have a VIP program listed in the promotions section. VIP programs incentivize players to bet regularly, providing free bonuses and other rewards in exchange for the player’s loyalty.