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Five Things You Need to Know About New York Sports Betting, NY Online Sports Betting Apps

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Everything you need to know about New York sports betting and legal online sports betting in NY, with Free bet offers & promo codes

With more and more states getting into the action with sports betting, people in New York may be wondering “Where can I get involved with all this sweet sports betting I’ve heard so much about?” In-person sports betting has been legal in New York since 2019. The state has embraced gambling in casinos, so there are multiple places for bets in person. However, as of Saturday, January 8, 2022, online sports betting in New York will also be legal.

1) Is New York Sports Betting Legal?

Legal sports betting is available in New York. Citizens of New York are welcome to bet on sports at any retail casino — this has been the case since 2019. You can bet on any of the major American sports at any of these casinos. New York has state-owned casinos, tribal casinos and horse racing/sports betting casinos.

Online sports betting, however, will officially become legal in New York on January 8, 2022, at 9 a.m. EST. At that time, users will be able to create their mobile sports betting accounts and place bets anywhere within state lines. With the number of people and sports teams in the state, legalizing online sports betting in New York is monumental.

2) What Sportsbooks and Online Sports Betting Apps are available in New York?

Many online sports betting apps will be available to New York sports bettors immediately upon legalization. There are four sportsbooks that will be immediately available:

  • Caesars
  • DraftKings
  • FanDuel
  • BetRivers

There are more sportsbooks that have already been approved to operate in New York, but they will likely not be available immediately. They will be permitted to start accepting bets on a “rolling basis,” per the gaming commission. This includes the following five books:

  • PointsBet
  • BetMGM
  • Resorts World
  • BallyBet
  • WynnBet

3) How Do I Make Deposits and Withdrawals for Online Sports Betting in NY?

Since New York will be having multiple user-friendly, popular sportsbooks in their state, moving money in and out of your account is pretty easy, with multiple methods available:

  • Debit/Credit Card
  • ACH (Online Banking)
  • PayPal
  • Prepaid Sportsbook Cards
  • PayNearMe
  • Check

4) What are the Most Popular Teams to Bet on in NY?

It’s not called the empire state for no reason. They have an empire of sports headquarters and teams within the state borders. New York City is home to the national HQs of the NFL, NBA, MLB, NHL, and MLS.

Without doubt, the New York Giants and New York Jets are two of the biggest dogs in the NY sports betting landscape. The Giants are arguably one of the most iconic football franchises in the country — and also the oldest team in the NFC East, having been around since 1925. The Jets debuted in 1960. Upstate, the Buffalo Bills and their crazy-awesome fan base are no slouch either. There are no shortage of games for football fans to get money down on.

Despite not having won a World Series title in — gasp — nearly ten years, the New York Yankees hold an absurd 27 World Series trophies. Just a subway ride away, the Mets can be found down in Queens, with a couple of World Series titles of their own.

The Knicks have been a punching bag of most NBA jokes of late, but they still garner quite the attention from the fans. With the Brooklyn Nets having moved into town a handful of years back, and now having Kyrie Irving and Kevin Durant on a revamped roster, it wouldn’t be surprising to see plenty of money flowing in on either of these teams.

New York has an embarrassment of riches in the NHL, boasting three NHL teams in the New York Rangers, New York Islanders and the Buffalo Sabres. If that wasn’t enough, the New Jersey Devils are just a hop, skip and a jump away. Of all those teams, the Rangers have the longest history in the NHL, having been one of the original six franchises and having claimed four Stanley Cups championships.

5) Is There Anything Else to Know About New York Sports Betting?

Now that you know New York sports betting is legal, as is online sports betting, all that’s left to do is get started! If you are looking for more information about sports betting overall, you can use the sports betting resources we provide here at Awesemo!

If you have an issue with betting or a gambling problem, please contact 1-800-GAMBLER to speak with someone right now and get help.

What are the Most Common Types of Bets I Can Make in New York?

Straight bet

This is the most common bet type and it is just a straight up single bet on a game. A point spread is determined by the oddsmakers with one team being favored by a certain amount of points. Let’s take a look at an example line below to give a clear indication of what a straight bet would be:

Boston Celtics -6.5 (-110), moneyline -320

at Cleveland Cavaliers +6.5 (-110), moneyline +260

O/U 206

The Celtics are favored by 6.5 points in this example. This means that if you bet the Cavaliers, you are getting 6.5 points, so if the Cavaliers win the game, or lose by fewer than seven points, you will win the bet because of your 6.5-point cushion. On the other side, when you are laying 6.5 points as the favorite, you would need the Celtics to win by seven or more to win the bet.

Final Score: Celtics 102 Cavaliers 98. Cavaliers would cover even though the Celtics won the game because the +6.5 point spread is enough to cover a four-point defeat.

Moneyline Bet

The moneyline is a bet where there is no spread; you are just picking the winner of the game. In the example above, the Cavaliers ML is +260, which means that for every $100 wagered, you win $260 if the Cavaliers win the game outright. They receive the plus side of the moneyline since they are the underdog and picking them rewards you with nice odds since they are projected to likely lose the game. On the flip side, if you bet the Celtics ML at -320, you have to bet $320 to win $100. They are the favorites so if you decide to bet the moneyline instead of the point spread, you are forced to bet additional money to win $100.

In the example above, the Celtics ML would be the winner as they won the game outright. The spread is irrelevant for a moneyline wager.

Over/Under

This is a straight bet wagering on how many total combined points will be scored in a game by both teams. For example, an NBA game may have an over/under of 210 points, which means that the oddsmakers are projecting a combined points total of 210 between the two teams. If you think the teams are going to score more than 210 points total, you bet the over, and conversely, if you think it’s going to be a defensive struggle, you can bet the under hoping that the total points scored equals 209 points or less.

Parlay

A parlay is a bet where you combine multiple bets into one bet and you get increased odds because you only win your parlay wager if all of your bets win. If you do a three-team parlay, you select three different teams from three different games and if you win all three of the bets you hit your parlay for longshot odds (6-1 so $100 to win $600). Going 0/3, 1/3, or 2/3 is all the same and you lose the parlay bet. It’s all or nothing which makes them tough to hit and is more of a home run type bet than a regular straight bet since there’s a chance for a big payoff.

New York Sports Betting FAQs

  1. Is Sports Betting Legal in State?
  2. How Can I bet in state?
  3. Will New York have Online Sports Betting or Sports Betting Apps?
  4. How Do I Open an Account?
  5. How Do I Deposit and Withdraw?
  6. Do I have to be in state to place a bet?
  7. What Games Can I bet on?
  8. What Companies Will be Offering Sports Betting?
  9. What Kind of Taxes Do I have to Pay?
  10. How Old Do I have to Be to Bet in State?
  11. What are the Betting Limits?
  12. Where Do I go if I have a problem?

Need more sports betting information? Check out the Awesemo betting home page.

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