New York Sports Betting Sites

If you are looking for the best sports betting promotions for New York players, you’ve come to the right place! Our team of experts has analyzed and ranked all of the ongoing bonuses offered by New York sports betting sites, and are here to guide you in choosing the best bonus to maximize your betting value.

While enticing welcome bonuses may be what initially gets you through the door, astute New York bettors expect their preferred betting sites to work just as hard at keeping their business.

New York Betting platforms are continually introducing a plethora of promotions aimed specifically at existing customers. From offers tied to major sporting events to boosted odds, insured bets, and free tournament entries, there’s an abundance of opportunities designed to enrich your betting experience at all times.

For a seasoned New Yorker, the choice of a betting site becomes not just about who offers the best sign up promo, but rather which platform consistently rolls out valuable promotions to ensure that your engagement remains high long after the welcome lights have faded.

Odds Boosts The most popular existing customer promo in America. Boost your profits for select odds, or increase the payout on certain bet types (Ex. Parlays). Can come in the form of Profit Boosts, Odd Boosts, and Parlay Boosts.	Best Odds Boosts:
Bet & Get Bonus Place a bet on specific markets or events and receive bonus bets. Ex. Make a $20 SGP on the New York Knicks today, and receive a $10 bonus bet.	Best 'Bet & Get' Promos:
Bet Insurance Wager on a featured event and get refunded with a bonus bet if your wager loses. Similarly, Parlay Insurance allows one leg in your parlay to lose, and will return your bet amount as.	Best Bet Insurance Promos:
Free Betting Contests Compete in free contests to win big prizes. These can include Daily Free Pools, Football Squares, Pick 'em Tournaments, Handicapping Challenges, etc Ex. DraftKings Free '$30K The Football Survivor' Pool	Best Free Betting Contests:
Event Promos New York betting sites offer special promotions and contests around special sporting events. Ex. Super Bowl promos, March Madness Pools, World Series Promos, etc	Best Event Promos:
Rewards Program Rack up Reward points with each wager you make, and receive bonuses and tantalizing prizes in exchange. The more points you earn, the higher you climb up the Loyalty program tiers and unlock better prizes.	Best Rewards Program:
Refer a friend Bring your buddies into the betting action, and receive bonus credits or cash for every friend who signs up. Ex. Refer a Friend Get $100, or Get $75, Give $75 (you split the referral amount with your friend)	Best Refer-a-Friend:

Click on any logo above to check out their current promos!

As of the time of writing, New York is the largest legal sports betting state in the United States.

Regulated by the New York State Gaming Commission, licensed New York sports betting offers players the chance to bet on sports events safely and fairly, using secure transactions.

All legal sports betting sites are accountable to the NYSGC, meaning any unresolved disputes you experience with a sportsbook can be brought forth and settled through them.

Most bettors can agree that New York legalizing sports betting was overall a great decision that benefits just about every party.

Determined bettors have been placing their wagers for decades regardless of the ban - whether that be with their local bookie or an offshore betting site - and legal New York sports betting allows NY state to take control and protect the players.

When it comes to online betting in New York, the house may win some and you may win some too, but there is only one entity that will always come out on top: the Taxman.

The main motivator for the state of New York to legalize sports betting, New York’s legislation taxes both operators and players on any winnings they accrue due to their sports betting activities.

While New York state only taxes land-based sports betting at 10%, all licensed mobile operators are taxed at the astronomical rate of 51% of the sportsbooks’ gross gaming revenue (GGR) - by far the highest of any state in the US.

While this tax added an additional $692.8M to New York’s coffers in 2022 alone and is seen as highly beneficial to the state, it does have the downside of making it more difficult for online sportsbooks to turn a profit in the state.

However, the New York State Senate and New York State Assembly have introduced bills that, if passed, could potentially lower the taxes down to 25% by 2025.

Any gambling winnings you manage to accrue over a year are subject to a federal tax rate of 24% in the USA.

Additionally, New York residents can also expect to pay an additional 8.82% of any winnings over $5,000.

Before the legalization of sports betting in New York in 2022, bettors often had little choice but to turn to offshore betting sites to satisfy their betting needs.

Operating in a grey area of legality, offshore sportsbooks were - for the most part - a marked improvement on gambling with a local bookie, as they offered a large variety of lines and the ability to bet from your computer or mobile device.

However, the fact that they were offshore and virtually unaccountable made wagering with them a gamble not just on sports, but also on the reliability of the offshore book itself.

Fast-forward to today, the gaming landscape has significantly changed for New York bettors. Legal sportsbooks are now operational in New York, providing a safer, more secure way for residents to place wagers.

All NY licensed operators are regulated by the New York State Gaming Commission, ensuring fair play, secure transactions, and the integrity of the games on which you bet. They also offer the reassurance of being accountable to a legal entity, meaning disputes can be settled through recognized channels.

While offshore betting sites may try to lure you with attractive odds or bonuses, we at MyBettingSites strongly believe that the risks of offshore books far outweigh the rewards.

Apart from sports betting sites, NY also has plenty of options to offer gamblers that prefer other types of betting. Let's take a look at what types of gambling NY has in offer, and where you can go to play your favorite games.

Retail sportsbooks in New York became a reality in July 2019, marking a significant shift from the previously limited options of offshore betting and local bookies.

Fully regulated by state authorities, brick-and-mortar sportsbooks came to offer bettors a legitimate avenue for wagering on sports - years before online sports betting was allowed.

Adding another layer of convenience, several of these retail locations have formed partnerships with established online sportsbooks such as DraftKings, FanDuel, bet365, and Caesars, allowing for a more complete and streamlined betting experience.

Problem gambling and gambling addiction are taken very seriously in the state of New York.

The New York Gaming Commission, the entity in charge of regulating all forms of gambling in New York, is also responsible for looking out for consumers and ensuring they have all the resources they need to find help if they need it.

Partnering with the NY Council on Problem Gambling and the Office of Alcoholism and Substance Abuse Services, the NYGC created the Responsible Play Partnership, aimed at offering resources to anyone who is suffering from gambling addiction.