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Updated for April 2021
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Current New York Sports Betting Legal Status

New York has had legal sports betting  in brick-and-mortar sportsbooks since July of 2019. However, online and mobile betting is not yet available to NY sports bettors. State residents and legislators seem to prefer an open competitive market, while Governor Cuomo prefers online sports betting to operate exclusively through the state-run-lottery. With the state already having missed out on an estimated $15 million+ in tax revenue, the pressure is on policy makers to legalize online sports betting by the start of the 2021-2022 NFL season.

Projected Online and Mobile SportsBooks for New York

While support for legalizing online sports betting amongst the New York Senate and Assembly has ramped up over the past year, a bill has yet to be sent to the Governor's desk. Should that happen at some point in 2021, New York bettors should be able to find action on the top books in the US market almost immediately. Several of these books are already operating brick-and-mortar sportsbooks throughout NY. Below are a handful of online sportsbook we think are positioned to enter the NY market at some point in 2021. 
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online sports betting in new york

New York Online Sports Betting Outlook

New York is the largest market expected to legalize online sports betting in the next twelve months. From a population perspective, New York is the fourth largest market in the US, behind California, Texas, and Florida. However, with 10 professional sports teams, it is easy to make the argument that New York is the biggest betting market in the US.

New York Online Sports Betting Legislation
Legal StatusIn-person betting is legal. Online betting not yet legal.
Bill AuthorSen. Joseph Addabbo Jr
Bill DetailsBill calls for an open, competitive online sportsbook market. Would provide each New York casino with two online skins. Proposed tax rate is 20% of all online revenue.

Legal Online Sports Betting a Must in New York

Any argument for legal online sports betting in New York has to begin with the state's financial woes. NY faces a potential $15 billion budget deficit over the next four years. While sports betting alone can not save the state from what has been described as a doomsday financial disaster, it certainly will help.

Expert's projections for online sports betting tax revenue estimate the state could see anywhere from $300 million to $700 million. So why hasn't a bill allowing online sportsbooks to operate in the state already been passed? Most point to Governor Cuomo's desire to turn the industry over to a state-run online betting platform.

Both New York bettors and state legislators have come out in opposition of this idea, citing the need for an open, competitive sports betting market. From Cuomo's perspective, allowing the state's lottery to operate one online sportsbook takes companies like FanDuel and BetMGM out of the equation and maximizes the potential tax revenue for the state.

when will online sports betting arrive in NY

When Will Online Sports Betting Come to New York

Clearly, US sportsbooks believe online sports betting is going to happen in New York. BetMGM, BetRivers, DraftKings, FanDuel, and William Hill already have brick-and-mortar locations using the state's casino skins.

Current New York Online Sportsbook Partnerships
Online BookCasinoLaunch DateLocation
Bet365Resorts World CatskillsSeptember 2019888 Resorts World Dr, Monticello, NY 12701
BetMGMYonkers RacewaySeptember 2020810 Yonkers Ave, Yonkers, NY 10704
BetRiversRivers CasinoJuly 20191 Rush St, Schenectady, NY 12305
DraftKingsDel LagoAugust 20191133 NY-414, Waterloo, NY 13165
FanDuelTioga DownsJuly 20192384 W River Rd, Nichols, NY 13812
William HillTurning StoneAugust 20195218 Patrick Rd, Verona, NY 13478

The question is what will it take to get this get done? A Cuomo impeachment would clearly remove the largest remaining roadblock. However, this is not the only path forward.

Senator Joseph Addabbo continues to press for an open, competitive market. His argument against Cuomo's is that the open market will increase the size of the market, negating the majority of lost tax revenue. Furthermore, Addabbo believes the jobs created in an open, competitive market would more than replace any remaining revenue loss.

In the end, Cuomo is unlikely to receive a state-run-lottery bill anytime soon. So if this gets done prior to the start of the 2021 NFL season, and we believe it will, expect to see an open New York online sports betting market. Sports bettors would be the big winners as a result. An open market not only means more action, but more winning as bettors are able to shop lines and juice to maximize payouts.

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