How To Sports Bet In New York

Betting on local college or university sports, teams and/or clubs is prohibited As you can see, while sports and mobile betting is legal, New Yorkers are only allowed to back their favorite team only if they are physically present in a licensed gaming house.

Mar 03, 2021 Now that New Jersey won the Supreme Court sports betting case in May 2018, New York is free to move forward with single-game wagering once lawmakers and regulators decide what happens next. Efforts to pass a new sports betting law that included integrity fees for sports leagues died in June 2018 at the state legislature. Sports betting lounges have opened across New York, including at Turning Stone Resort and Casino and del Lago Resort and Casino. If you have ever wanted to place a sports bet at a casino but don. FanDuel is offering New York sports bettors a free bet as a welcoming gift for registering for a new account. Simply by registering for a FanDuel account, you earn this risk-free first bet.

New York finally got its act together. On June 10, 2019, the New York State Gaming Commissionapproved rules and regulations to allow sports betting in the Empire State.

While this news might seem positive, New York residents may need to temper their excitement for the time being. The approved activity is limited to New York’s four commercial casinos and Indian casinos.

No online sports betting is permitted under the current rules unless you travel to NJ. For a state with the amount of area that New York has, that omission will be a major disappointment, at least in the short term.

New York residents will also be unable to wager on any New York college team games. So, fans of schools like Syracuse, Cornell and the University of Buffalo will not be able to put their money where their mouths are.

Download in NY and bet in NJ

What kind of sports betting is legal now?

New Yorkers can wager at the four commercial casinos. They are:

• Resorts World Catskills
• Del Lago Resort and Casino
• Tioga Downs
• Rivers Schenectady

Now, the nice thing is that by virtue of their compact, tribal casinos can offer any game that other casinos in the state offer. So, there are sportsbooks operating at those locations, too. Sportsbooks have opened here:

• Turning Stone Resort Casino
• Point Place Casino
• Yellow Brick Road Casino
• Seneca Buffalo Creek Casino
• Seneca Niagara Casino
• Seneca Allegany Resort & Casino

What’s the hold-up on NY mobile sports betting?

Obviously, many observers are curious as to when mobile wagering will show up in New York. Mobile sports betting now accounts for nearly 4 out of every 5 sports bets in neighboring New Jersey, so the rationale for allowing it is quite clear.

However, the Empire State faces an uphill battle for mobile sports betting amid reservations from key detractors — most notably, Gov. Andrew Cuomo. Cuomo’s legal team has concluded that the legislature does not have the legal ability to authorize mobile wagering without a constitutional amendment. Cuomo has also expressed his personal distaste for the practice in various public statements.

Whether his team’s opinions on the matter are valid is likely a question for the courts. So, it could be quite a while until we see New Yorkers wagering on their phones.

Which sports teams in New York can I bet on?

New Yorkers will be able to place bets on all of the major sports franchises:

• New York Giants
• New York Jets
• New York Knicks
• Brooklyn Nets
• New York Islanders
• New York Rangers
• New York Yankees
• New York Mets
• Buffalo Sabres
• Buffalo Bills

One of the most recognizable names in sports and sports betting could launch in New York if the state legalizes sports betting thanks to a new partnership.

Penn National Lands New York Access:Penn National Gaming (NASDAQ: PENN) and Rush Street Interactive (NYSE: RSI) signed a partnership Monday in a deal that gives Penn National and its Barstool Sportsbook possible access to the New York sports betting market if the state legalizes online sports betting and iGaming in the future.

The agreement gives Penn a 20-year deal and “second skin” access to the state of New York.

Barstool Sportsbook is now operational in Pennsylvania and Michigan. The company plans to have online sports betting in 10 states by the end of 2021.

In Michigan, Barstool jumped to third place for market share in early results for the state’s online sports betting market — and the company's brand strength may have contributed, as it spent less than others on promotional activities for its sportsbook in the state.

Why It's Important: New York is expected to be a major state to watch in sports betting, with its huge population and the numerous professional sports teams headquartered there.

“Let me translate: WE WILL OWN NEW YORK,” Barstool Sports founder Dave Portnoy tweeted. He also tweeted later questioning how Penn National gaining access to online sports betting in New York isn’t front-page news.

Related Link: New York Represents A Huge Opportunity For Sports Betting: Here’s What Could Be Next

Rush Street Could Win In Deal: The two-way deal could make recently public Rush Street Interactive a winner as well.

The company trades skin access to Penn National and gains access to three additional states with the possibility of a fourth.

How To Sports Bet In New York

“The addition of Ohio, Maryland and Missouri to our market access portfolio builds on RSI’s success in neighboring states and will create enhanced marketing efficiencies for our BetRivers brand,' said Rush Street President Richard Schwartz.

Can You Bet On Sports In New York

The company chose the states included in the deal due to their close proximity to the states of Illinois and Pennsylvania, where Rush Street has strongholds. The deal also grants Rush Street Interactive the right to first offer for a betting skin in the state of Texas.

Rush Street Interactive will report fourth-quarter earnings on March 10.

How To Bet On Sports In New York

PENN, RSI Price Action: Shares of Penn National were up 1.34% at $119.40 at last check Tuesday. Shares of Rush Street Interactive were down 8.42% at $16.42.

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