New York Betting News

Here's why New York sports betting doesn't cover certain prop wagers.

Why New York Sports Betting Doesn't Allow Gambling on Certain Props?

Article posted on Thursday 18 May - 06:08 EDT

More than a year has now passed since New York legalized sports betting. The venture has by and large been considered a success by all involved. The state is grappling […]

New York Sports Betting Gross Gaming Revenue Has Already Topped $1 Billion 

Article posted on Wednesday 23 November - 11:26 EST

New York sports betting is generating revenue at a torrid pace.
Since launching on January 8 of this year, legal sports betting in New York has proven to be a highly lucrative endeavor for the state and its gaming operators. Many, […]

New York Governor Aims to Expand State's iGaming Imprint 

Article posted on Friday 18 November - 06:43 EST

New York governor Kathy Hochul wants to expand state's casino options.
It hasn't even been a full year, but it's clear sports betting in New York is already a rousing success. Many, in fact, are wondering whether The Big Apple can […]

New York Reports $1.54 Billion in Legal Sports Betting Business for February 2022 

Article posted on Tuesday 08 March - 05:54 EST

New York Reports $1.54 Billion in Legal Sports Betting Business for February 2022

Legal sports betting first arrived in New York at the start of January 2022. However, given how delayed the rollout proved to be at the beginning of a new year, February marked the first full month in which sports betting was fully legal. And not surprisingly, it was a banner pay period for the state. New York accepted more than $1.5 billion in sports bets for February, which amounts to nearly $100 million in total revenue for the state itself. And believe it or not, the best has probably yet to come.

New York Sports Betting is Legal, But Not on NCAA Football or Basketball Teams 

Article posted on Monday 13 December - 08:25 EST

New York Sports Betting is Legal, But Not on NCAA Football or Basketball Teams

Sports betting in New York is already operational at certain retail locations and will be available online at the start of 2022. However, recent news has stipulated that there will be restrictions on which teams bettors can invest in. Will the impact of the limitations of professional sports? College sports? What does this mean for the future of sports betting in New York, if anything? We've got all the answers.

New York Formally Announces Licenses for Legal Mobile Sports Betting 

Article posted on Thursday 11 November - 08:08 EST

New York Formally Announces Licenses for Legal Mobile Sports Betting

It has been a long wait for residents of New York, but the state has officially announced that it approved multiple licenses for mobile sports betting. The move finally puts them in line with neighboring states who have been ahead of the legal sports betting curve. However, the decision does not mean New Yorkers can start whipping out their phones and immediately place bets at this second. Read on to find out why.

New York State Sets Final Tax Rates for Online Sports Betting 

Article posted on Thursday 21 October - 05:24 EDT

New York State Sets Final Tax Rates for Online Sports Betting

As New York gets set to join all the other places in the United States that have legalized and officially implemented online sports betting, they have taken yet another step toward finishing the entire process. It isn't one that will necessarily excite prospective bettors or sportsbook providers, but make no mistake, it is an important one—not to mention one of the last.

New York State has set final tax rates for online sports betting as of late October. Here's the thing: We don't yet know what those rates are. They only impact prospective betting providers, and because New York is still hammering out the bidding among commercial casinos and sportsbooks, they have so far kept the rate under wraps.

For bettors specifically, this may not seem very consequential. But it is. If New York's tax rate is extremely high, it could prove prohibitive when trying to draw in the business of top online sportsbooks. And if that happens, it could, in turn, slow the overall rollout process of legal online sports betting.

Is this actually what we should expect? Let's figure that out.

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