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New Sports Betting Sites in New York 2024

Last Updated on April 13, 2024
Fact checked by: Chris A

Looking for a new sports betting site in New York? You’ll find the best new NY sports betting sites in this article!

It’s been a buzz in the online sports betting industry in New York since its launch in 2022. Today, it’s USA’s largest and most dynamic sports betting market after New Yorkers placed wagers in the region of $10 billion since New York sports betting launched on January 8, 2022. While established brands may have played a big part in contributing to this figure, new betting sites are also joining the fray.

While this may be a good thing in offering players variety, choosing one option can also be challenging. With this comprehensive guide, you have expert reviews of the best new New York betting sites, what to look for when choosing a sportsbook, and the pros & cons of new bookmakers, among others.

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Bet365
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List of the Best New Betting Sites in New York

Going through each sportsbook to determine its worthiness is an almost impossible task for you. Thankfully, you don’t need to do the digging. Our team has tested all areas of these sites to ensure they meet our standards. This section reviews the top New York betting sites and their unique selling points.

Five Things Every New NY Betting Site Should Have

Sometimes you may want to do the digging yourself if you don’t see a betting site that tickles your fancy. So how can you identify a reputable sports betting site in New York on your own? No worries. We provide five top aspects you should tick on your list.

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1. Proper Licensing

The New York State Gaming Commission is tasked with licensing and regulating sports betting in New York. Therefore, you no longer have to rely on offshore sportsbooks with proper regulations to enjoy online sports betting.

2. Top-notch Security

When betting for real money, you must share sensitive personal and financial information with your preferred sportsbook. For this reason, choosing an operator with tight security and privacy policies is essential to guard this data from unauthorized access.

One of the aspects to consider is SSL encryption. Check that the site has the prefix “HTTPS” in its address. In addition to SSL encryption, the site should have strong firewalls. Another aspect to consider is AML (Anti-money laundering) measures, such as how the site implements KYC (Know Your Customer) protocols.

3. Responsible Gaming Features

Sports betting may be fun, but plenty of risks come with it if left untamed. Addiction is one of these risks, and operators must offer enough resources to ensure players can find help if and when needed. Offering helplines and links to addiction therapy organizations are some of the resources a sports betting site should have.

Another vital resource is the self-exclusion and limit features offered to players to control their betting appetite. For instance, the site should have a deposit, time, and loss limit to allow players to manage their betting activities.

4. A Variety of Payment Methods

Betting for real money requires depositing funds at your preferred sports betting site. For this to happen, you need a site that offers its players a decent array of payment methods. This means the site should list options under e-Wallets, bank cards, bank transfers, and checks, among other alternative payment solutions.

Still, on payment solutions, you want to check other nitty-gritty, such as the minimum deposit amount, the maximum withdrawal amount, and the processing period after placing a cashout request. Finally, check that your banking method can qualify for a bonus.

5. Reliable & Knowledgeable Support

Whether you’re a veteran or novice sports bettor, you’ll likely encounter a problem. When this happens, you want to receive help as fast as possible. That means having options to reach customer support such as live chat, email, phone support, or social media channels. Having a dedicated FAQ page with Q&As arranged in categories also goes a long way in helping players find solutions to common problems.

But it’s not just about reaching the support team within the shortest time possible; it’s also about whether the support agents understand your problems to give in-depth solutions.

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Bonuses at New NY Sportsbooks

Bonuses and promotions are critical to boosting players’ bankrolls in online sports betting. But there’s more to the offers than just clicking on the claim button. We explore the different types of bonuses you’re bound to come across in New York online bookmakers.

Deposit Bonus

Also known as a match bonus, this is the most common deal you’ll come across at an online sports betting site. From its title, the sportsbook will match your deposit based on a pre-set percentage. For example, if you deposit $100 based on a 100% match, you will receive $100 as a bonus, taking your total amount to $200.

This type of bonus is common in welcome deals to incentivize new players to join a site.

No Deposit Bonus

With a deposit bonus, you must deposit a certain amount for the sportsbook to match. But with a no-deposit bonus, you don’t need to deposit any funds to receive a bonus. Instead, a sportsbook will require players to sign up on the site to claim the bonus.

While this may seem like the best bonus in the business, it comes with several strings attached to protect the bookmaker. Some typical caveats include a cap on the maximum amount you can wager and a limit on the winnings you can claim, while other sites may impose a wagering requirement.

VIP Programs

Apart from the traditional deals, many sportsbooks in New York offer VIP/loyalty programs. These programs are based on how much you bet on the site, and there are incremental levels to the program. Therefore, you need to bet more and earn more points to reach a higher level. After reaching a new level, you’ll receive rewards attached to that level. Some of these rewards are:

  • Cashback deals
  • Exclusive access to tournaments
  • Custom bonuses
  • Birthday offers
  • Physical prizes

Betting Tournaments

Betting is fun. But betting with a prize in sight would be even more fun, especially when done using a tournament format. Instead of betting against the site, a betting tournament introduces other players to the fray for a more exciting experience.

In these competitions, players rank based on their overall bet amount or who got the most selections correct. At the end of it all, players who finish within a stipulated range of positions share a prize pool.

Red Flags to Avoid at New Betting Sites in New York

New York state may have regulations to govern online sports betting. However, several sportsbooks may use the backdoor to gain an edge. With this in mind, we recommend looking out for these red flags.

Tough Rules on Bonuses

Bonuses and promotions are an excellent way to boost your bankroll. But all that glitters doesn’t always have to be gold. Some online sports betting sites in New York may impose restrictive bonus rules.

For instance, an operator may require players to wager their bonus funds more than the industry standard, such as 100 times before requesting a withdrawal. It certainly means that your bonus may not cover the wagering requirement and requires you to dig into your pocket to complete it.

Other restrictive rules include setting a short expiry period such as 24 hours, which lures players into betting more, limiting how much you claim as winnings or can bet. To avoid this, we recommend reading the associated T&Cs.

Transaction Fees

Payment operators that process transactions between your preferred New York sportsbook and your payment method charge a certain fee. However, the best online bookmakers in New York absorb these fees, which means you receive your exact winnings. Not all new New York betting sites will follow this path.

Some sites outright state that fees are involved when cashing out. On the other hand, others will try and hide this by offering lucrative deals such as a certain number of free withdrawals.

Overly low or high odds

Not all rainbows have a pot of gold at the end. Others are not rainbows to start with. Offering higher odds than the competition means the sportsbook will make losses. And why would a bookmaker do this? Well, the only answer to this is that it rips players off in other areas of the site, such as having high fees or hidden rules in the bonuses and promotions section.

Offering low odds is also just as questionable, with effects on the other end. Either way, it’s not worth accepting anything extremely above or beyond the industry standard.

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The best new online sportsbooks in New York offer players not only basic sports but also new markets. NHL, NFL, NBA, and MLB are the most popular sports among bettors in New York. However, in addition to sport variety, these bookmakers also offer plenty of markets to bet on, such as coin flips and individual players.

While these sportsbooks may offer the basic sports betting package, there has been increased interest among American bettors around European markets. As such, new New York bookmakers provide a more diverse betting collection.

Pros & Cons of New Betting Sites in New York

Pros

  • Innovative ideas
  • Competitive odds and promotions
  • A variety of betting markets
  • Modern payment methods
  • Licensed and regulated

Cons

  • Limited reputation and track record
  • Limited resources
  • Customer base and network effects
  • Limited betting options

The New vs. Old: Which NY Sportsbook Should You Choose?

Choosing between new and old bookmakers in New York can be a tough ask. But variety is the spice of life, right? To help you through this challenging task, here’s a table comparing the two types of sportsbooks, and you’ll decide what to go for:

Feature/type of sportsbook New Betting Sites Old Betting Sites
🎲 Exciting welcome bonuses 📌 Yes 📌 Sometimes
🎲 Cutting-edge features 📌 Yes 📌 No
🎲 More markets and sports 📌 Yes 📌 Yes
🎲 Live chat support 📌 Yes 📌 Sometimes
🎲 Reputation & track record 📌 No 📌 Yes
🎲 Customer base and network effects 📌 No 📌 Yes

In the With New and Out with the Old?

The online sports betting industry in New York has experienced significant growth since its launch in 2022. New Yorkers have spent billions of dollars in wagering. Alongside established brands, new betting brands have claimed a stake in the industry, offering players a more comprehensive array of options.

This comprehensive guide has explored the new betting sites in New York, such as BetMGM Sportsbook NY, FanDuel Sportsbook NY, and DraftKings Sportsbook NY. In addition to offering plenty of sports to bet on, these sites offer attractive bonuses, competitive odds, and intuitive mobile apps. We’ve also explored potential red flags to look out for and what to seek when choosing an online sports betting site.

Overall, the popularity of sports betting in New York continues to grow, and bettors have a wealth of options to choose from to enhance their online betting experience. So is it a case of in with the new and out with the old? You be the judge of that.

​New Betting Sites by US state

Frequently Asked Questions About New NY Betting Sites

Yes. New online sportsbooks in New York are legal. This is after the U.S. Supreme Court overturned PASPA in 2018. Afterward, in 2021, Gov. Andrew Cuomo legalized online sports betting in New York. However, we recommend checking that the site has a state regulator license.

Can I bet on sports using my mobile device in New York?

Yes. Almost all new New York sports betting sites have a dedicated mobile app that allows you to place bets on your favorite sports while on the move.

What are the requirements to sign up for a New York betting site?

To start your online sports betting journey in New York, you must be at least 21. Furthermore, you must be physically located within the state. You must also provide the operator with personal information, such as your name, address, and social security number.

How do I deposit and withdraw funds on New York betting sites?

New York sports betting sites offer an array of deposit and withdrawal methods. You can choose from credit/debit cards, e-Wallets, bank transfers, and checks. However, the specific options will vary based on your preferred sportsbook.

Are there any bonuses or promotions available for New York bettors?

Yes, many New York betting sites offer various bonuses and promotions for new and existing players. Some of these deals include free bets, deposit bonuses, and cashback offers.

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Bet365
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Bet365
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