Sports betting was authorized by the New York state legislature in 2013 but is presently restricted to in-person betting at casinos. However, the state legislature is committed to examining whether New York should become the next state to legalize online sports betting.
According to GamblingCompliance, revenue for New York sports betting could reach over $700 million within five years, outpacing all of France and Spain. This would result in massive tax revenues to the states, increases employment opportunities for citizens, and would likely open the door for future online gambling expansion, such as online poker.
Once legislation passes for online sports betting in NY, citizens can expect to bet on a wide variety of US and international sports. Below are a few of the leagues you’ll be able to bet on at online NY sportsbooks.
Easily the most popular sports league in the United States, the NFL will be the centerpiece of online sports betting in New York. Players will be able to place bets on all games, and you can expect to be able to place moneyline, point spread, and totals bets along with multi-bets such as parlay, round robins, and teasers.
You’ll also have a variety of prop bets that you can place during the season and the playoffs, including exotic bets such as who will win the coin toss at the start of the next Super Bowl, and more.
While we all know that the NBA doesn’t really get interesting until the playoffs, you will still be able to place bets on any NBA game you’d like during the year. Whether you follow the NY Nicks or are a die-hard Golden State Warriors fan, you’ll be able to bet on your favorite teams.
Regular season, playoffs, and NBA Finals betting are all available along with prop bets such as who will go #1 overall in the NBA Draft or which player will join Lebron James over in Los Angeles.
If you’re a hockey fan, there are fewer ways to make the game more exciting than placing a few bets on the game. You can bet on all regular season action as well as the NHL Playoffs and the NHL Finals. Prop bets will also be available on everything from who will score the most points during the season to how many penalty minutes a team will have during the finals.
Like other sports leagues, all New York sportsbooks will take action on Major League Baseball games. In addition to taking action on all 162 regular season games, you’ll be able to place bets on all of the games of the playoffs, including the World Series.
Also, you’ll be able to place side bets on things such as which team will win their division, which players will win the NL or AL MVP or who will be the MVP of the World Series. Of course, you can expect a lot of action on the New York Yankees and the New York Mets, but you can place bets on any team in the game.
Will New York Pass Sports Betting in 2019?
New York is atop the list of states expected to pass online sports betting in 2019. Assemblyman Gary Pretlow, the Chairman of the Assembly Committee on Racing and Wagering, has gone on record stating that New York sports betting is a top priority for the legislature in 2019.
Frankly, the potential tax revenues from sports betting make it too appealing to pass on, and we entirely expect the legislature to pass a bill at some point in 2019.