New York recently approved bids from two sports betting applicants that have the state set to see a total of 8 sportsbooks launch in the next few months.
While we do not yet know the official bonus offers each brand will make available to New York sports bettors, we do know the current offers from each company. Here are the best sports betting bonus offers currently available from each of the approved New York sportsbooks:
| Sportsbook | New York Offer | Bonus Code |
|---|---|---|
 | Bet $1, Get $100 In Free Bets On First Wager - Any Sport | |
 | Bet $10, Get $200 in Free Bets If Your Team Scores a Touchdown | |
 | Bet $5 to Win $150 in Cash On First NFL Moneyline Bet | |
 | $1,001 First Bet Match Win 2x On First Wager | |
 | Bet $1, Win $200 If Your Team Wins | |
 | 100% Deposit Bonus, Up to $250 Industry-Best 1x Play Through | |
 | $100 Free Bet on Sign Up Plus a $550 Risk-Free Bet |
The launch of legal mobile sports betting in New York is arguably the most anticipated event in US sports betting history. In total, eight sportsbooks will compete for the business of New York's estimated 5 million sports bettors.
With such a competitive market, and a large number of operators, New Yorkers will have plenty of bonus offers to choose from when sports betting finally goes live in February of 2022. Picking the right offer, from the right sportsbook can be a challenge. Here are some quick tips to help you along the way:
Looking at the current offers available from each of the sportsbooks set to launch in New York, the current bonus code offers at PointsBet and BetMGM stand out to us. Find a rundown of why we like each offer and the steps you must follow to receive each promotion when you register.
PointsBet has one of the best sports betting apps in the industry, great odds, low juice, and two generous bonus offers for New York bettors to choose from.
The first will give new players $100 in free bets for placing any $1 wager with odds of -150 or better. The second offer includes $200 in free bets for placing any wager with odds of +150 or better. Find the details for each offer with the attached bonus code in the table below:
| Bonus Code | Bonus Offer |
|---|---|
| BVFBMULTI1 | Bet $20 to Get $200 in Free Bets |
| BVBB1 | Bet $1 to Get $100 in Free Bets |
There are terms that apply to each of these offers. First, only new players located in New York are eligible for these promotions. Second, the required bet must be placed with your first wager. For example, if you use the bonus code BVBB1, your first bet must be at least $1 and must be on a spread or moneyline with odds of +150 or better (+155 will not count). Your bet does not need to cash for the bonus to be paid out!
Like the offer from PointsBet Sportsbook, this promotion from BetMGM pays out even if your first bet fails to cash. With this offer, BetMGM will give you $200 in free bets when you place a $10 NFL Wager on a team that scores a touchdown.
Considering most teams score at least one touchdown each week, unless you bet on the Lions or Jets, you are guaranteed to get paid with this offer. Here are the steps to follow to ensure you receive your $200 bonus when you register at BetMGM New York:
Nine New York State sports betting operators received their licenses this Monday at the New York State Gambling Commission's meeting. The bids were scored based on a number of factors to determine which operators would receive the licenses, with a required technical score of at least 60 out of 75.
The two winning bids that reached the required technical score were FanDuel Sportsbook and Kambi Group. It is important to note that each winning bid is allowed to bring up to four brands to market.
FanDuel Sportsbook’s skins that will be available in NY include not only FanDuel, but also Bally Bet, BetMGM, and DraftKings Sportsbook.
Kambi will bring Caesars Sportsbook, PointsBet, Resorts World, and Rush Street Interactive to the state. While Resorts World does not have the online presence the other 7 skins in New York offer, they do have New York City's only casino.
All of these sportsbooks will be taxed at 51% of their gross sports betting revenue. This is easily the highest amongst all US states to legalize sports betting but is still a win considering that, this time last year, Governor Cuomo was adamant the state lottery would be the only operator in New York.
The state will let each of these brands launch whenever they please if the requirements detailed in the RFA are met. The commission originally had 150 days to select the winners but they came up with the list full two months earlier, which could make Super Bowl betting in NY State a reality.
BetMGM’s CEO, Adam Greenblatt praised the New Yor Gambling Commission for keeping to their timetable. Greenblatt also said that he expects this to quickly become one of the top sports markets in the United States.
While New York is the fourth-largest state in the US in terms of the total population, one could argue it is the largest sports market in the country with a total of 13 major professional sports teams.
PointsBet’s Johnny Aitken called the brand acquiring a NY license the biggest milestone for the PointsBet Sportsbook. This was the brand we were most excited to see earn a skin as PointsBet is one of the most player-friendly sportsbook operators in the US.
The approved list of regulations is expected to be printed in the state register on November 24th, and after that books are free to launch if they meet the requirements.
Senator Joe Addabbo Jr. said that the most important step operators have to take is to relay all their traffic through their servers that must be physically placed in one of New York’s four commercial casinos. This is required so that mobile sports betting can fit the definition of on-site gaming.
Out of the six bids submitted to the commission, four failed. The following four bids failed to reach the required 60 technical scores out of the maximum 75:
Out of all these applicants, only bet365 had a high enough score to be considered, but the company failed to showcase that they would indeed increase revenue to the state. While most of the bet365 bid was redacted, we do know they proposed a 50% tax rate, which is clearly 1% lower than the winning bids.
