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Is sports wagering legal in New york city? Latest 2025 updates
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Douglas Bonjour is a veteran sportswriter with more than a decade of experience, consisting of in the sports wagering market. He's written for the Associated Press, New York Times, CBS Sports, and Hearst Connecticut Media, where he covered the 12-time NCAA champ UConn women's basketball program.
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Yes, sports wagering is legal in New york city following its launch in January 2022 with four authorized operators: Caesars, DraftKings, FanDuel, and Rush Street Interactive.

New york city's $22.6 billion sports betting handle in 2024 was the most by any state since the landmark U.S. Supreme Court judgment in May 2018.
New york city's sports betting tax is 51%, matching the greatest rate in the United States.

Is sports betting legal in New York? Yes, it is most certainly legal. New york city sports wagering has been legally personnel online because January 2022, and in that brief time, the Big Apple's distinguished itself as the top-performing state in the market. The state's online operators collected 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 revenue, marking the very first time any state has ever generated a 10-figure amount from betting in a calendar year.

The advancement of New york city sports betting laws

The 2013 modification, understood as Proposal 1, paved the intro for 7 industrial gambling establishments in New York. However, the very first in-person sportsbooks did not open their doors until July 2019, with the first legal bet put at Rivers Casino & Resort in Schenectady.

Another transformative change to the state's sports wagering laws was available in April 2021 when Gov. Andrew Cuomo settled the costs for the 2022 financial budget plan, which contained provisions for legalized online sports betting.

The New York 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 betting options in New york city

With online betting legal in New York, there are presently 9 certified sportsbooks to select from, including significant brand names such as BetMGM, DraftKings, and FanDuel. In-person sports wagering is also offered at near a lots gambling establishments.

FanDuel separated itself as the state's top-performing online operator in 2024, according to figures released by the NYSGC, collecting 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 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 ($1.1 billion, $85 million) rounded out the top five in just its very first year of operation in the state. PENN Entertainment's ESPN Bet was the other 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 also supply responsible gaming resources to help players handle their costs and general engagement, consisting of limitations on deposits and wagers, time limitations, and self-exclusion choices. NYS HOPEline, a 24/7 helpline providing complimentary and confidential support, is accessible by means of call (1-877-846-7369) or text (467369 ).

Can you bet on sports in New york city?

Yes, you can, as long as you satisfy the requirements. The minimum legal age for sports betting is 21, according to New York sports betting rules. Bettors do not require to be a homeowner, however they must be physically present in the state at the time of their wager.

You can bet on several various expert and college sports, albeit with a couple of exceptions. Notably, banking on in-state schools or college events happening in New york city are prohibited. That suggests no banking on St. John's males's basketball, Army football or the Pinstripe Bowl. College gamer props are likewise off-limits.

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

New York City 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 City 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 Red Bulls (2 MLS Cup finals)

New York City FC (1 MLS Cup)

NJ/NY Gotham FC

Tax implications for New York sports gamblers

Online sportsbook profits 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 payouts are considered gross income, despite whether it comes from wagers put through mobile sports wagering or a retail casino.

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

It is necessary for wagerers to play properly and thoroughly track their spending. Online sportsbooks usually have activity declarations where users can discover detailed breakdowns of their deposits, bets, and winnings.

Gambling jackpots undergo 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 city stands atop the stack in sports betting, and it does not appear to be slowing down. Last month alone, gamers legally 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 populated states, New York appears poised to reach even higher heights, specifically with an adequate offering of professional and college sports.

Still, as the industry continues to evolve, it's essential to keep an eye out for specific legislative developments that could shake things up. One in specific is a recently presented costs by Assemblyman Robert C. Carroll, A 7962, which proposes limiting the quantity a wagerer can bet or deposit into an account over a 24-hour period.

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

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

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