New York Sports Betting Top Options in the Empire State

Understanding the Legal Framework: Sports Betting Laws in New York

Before the groundbreaking legislative achievement in April 2021, New York had grappled with reaching consensus on legalizing online sports betting for nearly three years, dating back to the Supreme Court's 2018 decision to annul the federal ban on sports wagering outside of Nevada. Although in-person sports betting had been legal in the state since 2013, with established regulations for physical sportsbooks by 2019, the progression toward mobile sports betting encountered hurdles until 2021. The turning point arrived when then-Governor Andrew Cuomo signed a budget agreement in April 2021, authorizing mobile sports betting and entrusting oversight to the New York Gaming Commission.

This legislation, signed by former Governor Cuomo on April 19, 2021, finally granted legal authorization for mobile betting in New York and assigned regulatory responsibility to the New York Gaming Commission. Despite a slight delay beyond the mandated July 1 deadline, the Gaming Commission issued a request for applications (RFA) on July 9, 2021, marking the initiation of the application process for sports betting operators. Following extensive deliberations and the recommendation from the New York Gaming Commission on November 8, 2021, nine online bookmakers were chosen for mobile licenses in the state. Subsequently, after a comprehensive rule-making process, the market officially opened for wagering on January 8, 2022.

Legal Gambling Age in New York

Popular Payment Methods in New York

In New York, various popular payment methods are commonly used for online transactions, including both traditional and digital options. Credit and debit cards such as Visa and Mastercard remain widely utilized for their convenience and widespread acceptance. E-wallets like PayPal, Skrill, and Neteller offer secure and swift transactions, often favored for their added layer of privacy and ease of use. Bank transfers, both electronic and wire transfers, are also prevalent for larger transactions due to their direct transfer of funds between accounts. Moreover, prepaid cards or vouchers like Paysafecard are appreciated for their simplicity and ability to facilitate transactions without disclosing personal banking information. As the digital payment landscape continues to evolve, New Yorkers have access to a diverse array of payment options tailored to their preferences and needs for various online transactions, including those related to gaming, shopping, and financial activities.

In this table we will show you the most popular payment methods and their companies and services:

And here are some other popular payment methods in New York:

Top Picks: Popular Wagering Selections in Sports Betting

Explore the realm of sports betting with the favored choices of New York players, offering diverse options to enhance the betting adventure. Ranging from forecasting match outcomes to immersing in multi-bet excitement, these selections present alluring prospects for passionate enthusiasts.

• Moneyline – Moneyline betting involves picking the winner of a specific game or event without considering the point spread. It focuses solely on who will triumph in the competition.

Example: Betting on the New York Giants to win an NFL game against the Dallas Cowboys.

• Parlay – Parlay betting involves combining multiple individual bets into one single bet. This allows bettors to increase potential payouts, but all selections within the parlay must win for the bet to succeed.

Example: Combining bets on the outcomes of three different NBA matches: New York Knicks, Detroit Pistons to win, and Toronto Raptors to win.

• Totals (Over/Under) – Totals betting revolves around predicting whether the cumulative score or result of a game will be over or under a specified total set by the bookmaker.

Example: Betting on whether the total points scored in an NBA game will be over or under 210 points.

• Futures Bet – Futures bets involve predicting the outcome of an event that will occur in the future, often days, weeks, or even months away from the time of betting.

Example: Placing a wager on a tennis player to win US Open before the tournament begins.

• Live Bets – Live betting allows individuals to place wagers on events as they are happening. It offers dynamic odds that change in real-time during the course of the game or match.

Example: Betting on the next team to score in a live, ongoing soccer match between The Philadelphia Union and The New York Red Bulls.