Frequently Asked Questions about Legal Sports Betting in New York
1. Does NY have legal sports betting?
Yes, New York has legalized sports betting. New York legalized sports betting in 2013, but it wasn't until 2019 that it became available in retail sportsbooks and online platforms.
2. Where can I place legal sports bets in New York?
In New York, you can place legal sports bets at several authorized retail sportsbooks, including major casinos like the Resorts World Catskills and Rivers Casino. Online betting is also available through various licensed platforms.
3. What types of sports can I bet on legally in NY?
Legal sports betting in NY allows wagering on a wide variety of sports, including football, basketball, baseball, soccer, and even esports. However, betting on college sports involving New York teams is restricted.
4. How old do I have to be to participate in legal sports betting in NY?
You must be at least 21 years old to legally place sports bets in New York. This applies to both retail sportsbooks and online betting platforms.
5. Can I bet on sports online in New York?
Yes, you can bet on sports online in New York. Numerous online sportsbooks operate legally in the state, allowing you to place bets from the comfort of your home.
6. What is the tax rate on sports betting winnings in New York?
In New York, sports betting winnings are subject to state income tax. The tax rate can vary, but it typically ranges from 4% to 8.82%, depending on your overall income level.
7. Are there any ongoing discussions about expanding legal sports betting in NY?
Yes, there are ongoing discussions about potentially expanding legal sports betting in New York to include additional betting options, such as mobile betting apps that may offer new features and improvements.
8. How do I register for an online sports betting account in NY?
To register for an online sports betting account in NY, you will need to provide personal information, including your name, address, date of birth, and Social Security number. This information is used to verify your identity and ensure that you meet the legal requirements.
9. Can I bet on sports from outside of New York?
No, you cannot place legal sports bets from outside of New York. The state law requires you to be physically located within New York to participate in legal sports betting, whether online or at a physical location.
10. Does NY have legal sports betting options for international events?
Yes, legal sports betting in NY includes options for international events. You can place bets on various global sports events, such as international soccer tournaments and championship fights, through licensed sportsbooks.