Enhanced Offers for Betting in New York City
New York's gambling landscape has undergone a significant transformation, with sports betting now officially legalized by the state's authorities. This shift has paved the way for various companies, developers, and casino providers to launch their own gambling platforms and apps in the Empire State.
A Brief History of Sports Betting in New York
With roots dating back to the 19th century, sports betting in New York has a rich history. Horse betting was the most popular form, with bettors placing their bets via bookmakers and attending races in person. However, gambling and horse betting were authorized at the time, but they became illegal at the beginning of the 20th century.
The landscape changed in 2013 when New York legalized sports gambling at the state level, exclusively in New York casinos. The passing of this bill was later boosted by New Jersey's Supreme Court win in 2018, allowing other states to legalize sports betting as well. Mobile sports betting, however, was still considered illegal.
Fast forward to 2019, and the first official sportsbook was launched in New York. And in January 2022, mobile sports betting was introduced, marking a new era for sports enthusiasts in the state.
The Current Landscape of Mobile Sports Betting in New York
As of early 2023, there are nine live online sportsbooks in New York. Companies like DraftKings Sportsbook and bet365, in partnership with Inspired Entertainment, have introduced mobile sports betting to the state, offering a wide range of sports and virtual betting products, including NHL and NBA. Other companies may join the market in the coming months and years as the mobile sports betting and virtual sports market continues to grow and evolve.
Finding the Best Sportsbook Promotions
To help gamers find the best NY sportsbook promos, it's essential to visit price comparison websites. Welcome offers and bonuses change frequently, and keeping up with new promotions is crucial for maximising your potential winnings.
For instance, Caesars offers 1,000 Caesars reward credits and 1,000 tier credits to new clients who place their first wager. If they lose their first bet (up to $1,250 USD), Caesars will reimburse their stake. DraftKings Sportsbook, on the other hand, offers players a chance to bet $5 USD and receive $150 USD in bonus bets if their first bet wins.
Staying Within the Rules
It's important to note that mobile sports betting on collegiate games, gatherings, or events taking place in New York is prohibited. Always ensure you're betting within the rules to avoid any potential issues.
Tax Revenue from Mobile Sports Betting
Governor Hochul announced that the state of New York had collected over $500 million USD in tax revenue since entering the mobile sports betting market in January 2022. This revenue will undoubtedly contribute to the state's economy and infrastructure, making it an exciting time for sports betting enthusiasts in New York.
