Nine NYSGC-licensed sportsbooks are live in New York right now, and picking the right one comes down to three things: bonus value, odds quality, and how fast you can get paid. Online mobile sports betting launched in New York on January 8, 2022, and the market has grown into the largest legal sports betting market in the United States — recording a record $26.3 billion in total handle in 2025. Every operator below is fully licensed; none of the offshore stuff you'll find on sketchy coupon sites.
Which sportsbooks are legal in New York right now?
As of 2026, the nine active NYSGC-licensed operators are: FanDuel, DraftKings, Caesars Sportsbook, BetMGM, BetRivers, Fanatics Sportsbook, Resorts World Bet, theScore Bet, and Bally Bet. A couple of names you might remember are gone — PointsBet exited on February 29, 2024, its slot later filled by Fanatics, and ESPN Bet (which had purchased WynnBET's license) closed in December 2025 and was replaced by theScore Bet.
All nine licenses carry a 10-year term granted by the NYSGC. To bet on any of them you must be 21 or older and physically inside New York State borders when you place the wager. Visitors and residents are both eligible; the apps use geolocation to confirm your location before any bet goes through. Disable any VPN before you launch the app — it will block access.
For the full legal picture, including what's still prohibited (online casino gambling remains illegal in NY), see our New York Sports Betting Laws: What's Legal, What's Not in 2026 guide.
How do the 9 NY sportsbooks compare at a glance?
| Sportsbook | Launch Date (NY) | Welcome Offer Type | Typical Offer Range | Key Payment Methods |
|---|---|---|---|---|
| FanDuel | Jan 8, 2022 | First Bet Insurance | Up to $1,000+ | Visa debit, PayPal, ACH |
| DraftKings | Jan 8, 2022 | Bet & Get | Up to $1,000+ | Visa debit, PayPal, ACH |
| Caesars | Jan 8, 2022 | First Bet Insurance | Up to $1,000+ | Visa debit, Mastercard debit, ACH |
| BetMGM | Shortly after Jan 8, 2022 | First Bet Insurance | Up to $1,000+ | Visa debit, Mastercard debit, ACH |
| BetRivers | Jan 8, 2022 | Bet & Get | ~$50–$500 | Visa debit (deposit only), ACH |
| Fanatics | 2024 | Bet & Get / FanCash | Varies | Visa debit, Mastercard debit, ACH |
| Resorts World Bet | Mar 3, 2022 | No welcome bonus | N/A | ACH, Trustly |
| theScore Bet | Late 2025 | Varies | Varies | Debit card, ACH |
| Bally Bet | Jul 7, 2022 | Varies | ~$50–$200 | Debit card, ACH |
Welcome offer ranges above are drawn from operator terms as reflected in our research. Exact amounts shift frequently. Read current terms before depositing, and pay close attention to rollover requirements — they typically run 5x to 25x the bonus amount. A $100 bonus at 5x rollover means $500 in wagers before you can withdraw a cent of those winnings.
For a side-by-side deep dive on promo fine print, our New York Sportsbook Bonuses: Welcome Offers & Promo Codes Ranked page breaks down every offer in plain language.
What's the best sportsbook in New York for most bettors?
FanDuel and DraftKings dominate market share for good reasons — large betting menus, competitive odds, and the biggest first-bet insurance offers. But "best" depends on what you prioritize. If you want the fastest app experience, check our New York Sportsbook Apps Compared: iOS & Android Ratings breakdown. If the head-to-head between the two giants is what you need, we settled the debate on the FanDuel vs DraftKings New York: Which NY Sportsbook Wins? page.
BetMGM and Caesars are the next tier, both running first-bet insurance promos and accepting Visa and Mastercard debit. We compare those two directly in BetMGM vs Caesars New York: Bonus Terms & Odds Compared. BetRivers tends to attract sharper bettors who care more about reduced juice than flashy sign-up deals.
For the full ranked list with scores, head to Best New York Sportsbooks Ranked for 2026.
How does New York's 51% tax affect you as a bettor?
New York operators pay a 51% tax on gross gaming revenue — the highest operator tax rate in the country. You don't pay that directly, but it squeezes their margins and tends to result in slightly worse odds and smaller promos compared to neighboring New Jersey, where the tax burden is far lower. That's why you'll hear about bettors driving across the border: sharper lines in NJ can add up over a season.
What you do pay are income taxes on your winnings. Federal rates run 10%–37% depending on your bracket. New York State adds another 4%–10.9%. Live in New York City? Stack on an additional 3.078%–3.876% city income tax. A W-2G is issued when a single win exceeds $600 and clears the 300:1 odds threshold, but you're required to report all winnings even without one.
How do deposits and withdrawals work in New York?
Most NY sportsbooks accept Visa debit, Mastercard debit, PayPal, Venmo (select operators), ACH/e-check, and Trustly bank transfers. Credit card deposits are frequently declined by US banks at gambling merchants — use a debit card or e-wallet instead. Withdrawals typically process in about 24 hours from the operator's side; ACH transfers can take an additional 2–3 business days to post to your bank account. Full details are in our New York Sportsbook Payment Methods: Deposits & Payouts Guide.
What are the biggest mistakes NY bettors make?
- Ignoring rollover terms. Picking the wrong bet market, betting at odds below the promo minimum, or wagering on an excluded event voids the bonus with no appeal.
- Using a VPN. Geolocation will block your bet or flag your account. Turn it off.
- Forgetting city taxes. NYC residents owe an extra layer of municipal tax on top of state and federal — budget for it.
- Partial self-exclusion. Excluding from one NY operator doesn't exclude you from the others; each requires a separate request through the NYSGC process.
- Chasing with bonus bets. If a bonus bet wins, only the profit is paid out — the stake amount is not returned. Factor that into your math.
Must be 21+. Gambling problem? Call 1-877-8-HOPENY (467369) or text HOPENY to 467369, available 24/7.
New York's nine licensed sportsbooks give you plenty of legitimate options whether you're a casual Sunday bettor or grinding NFL spreads every week. Start with the welcome offer that fits your style, read the fine print, and you'll be ahead of most of the field before you place your first wager.