Online Sportsbook Apps Still Playing the Waiting Game in New York
There are different circumstances states have used in the debate over legalizing sports betting. Dozens of these debates have resulted in legislation allowing sportsbook operations since the landmark US Supreme Court ruling in May 2018.
Population and the sentiments of the residents have played an important role in most states. New York is home to nearly 20 million residents, a six percent chunk of the US population. The financial situation in New York screams for innovative ways to generate revenue.
One of those methods would be to legalize sports betting. About a year ago, New York's legislation did just that. However, they stopped short of allowing sports bettors to bet online using mobile devices. Some envision that as a huge mistake.
Let's talk about a few recent events in the timeline for New York sports betting and how they involve a hotly contested debate over online options. We'll then look at six strong sportsbook apps who would be primed to launch when New York does legalize online sports betting.
Sports Betting Over the Last Year in New York
New York's lawmakers, those who insisted the state was losing out on the sports betting market, watched millions in revenue march across state lines for over a year. After the legislation was approved, it took close to a year before regulations were finalized.
Finally, in January 2019 the New York State Gaming Commission announced the regulations to permit sports betting in the state. The venues were reserved for four upstate casinos, including licensed tribal casino locations.
New York became the 14th state to make sports betting legal in some fashion. But, to the dismay of many, there would be no sportsbooks in New York City, and no provisions for online sportsbooks.
It seemed like New York was primed to launch an extremely lucrative sports betting market, but they were trying to do so with wet wings. Even with the financial numbers neighbor New Jersey had to support online sports betting, New York drew the line at a few temporary physical locations.
Last June, Senator Joseph Addabbo Jr attempted to push his revamped sports betting bill across the finish line. Senators passed the bill overwhelmingly by a 57 to 5 vote. However, Governor Andrew Cuomo drew a political line in the sand and vetoed the bill.
It came as a shock to some legislators, but to others behind the sports betting scene, it wasn't a surprise. Governor Cuomo has often voiced his displeasure with certain entities that will be huge players in the online sports betting market in his state.
Many call into question his veto as ill-advised and clear retaliation for losing a legal battle against FanDuel and DraftKings over daily fantasy sports in New York. Unfortunately, even though the votes seemed to be available for an override, no vote was taken in the New York Senate.
There is an ongoing study being conducted in conjunction with the New York State Gaming Commission. But, this study has been pushed back a full three months, further delaying sports betting advocates from using the data as a tool to push for a revenue bill that would include mobile sports betting in New York.
For now, New York residents will have to be content to travel to one of the licensed brick-and-mortar sportsbooks. No one believes the banning of online sports betting will last in New York.
At last count, 84 lawmakers approved of online sports betting, with only 74 required to pass legislation. Nevertheless, sports betting was left off the 2021 budget proposed by the governor.
However, no one expects that to be the last word. Assemblyman Gary Pretlow is proposing a change to the state constitution to override the governor's control. Lawmakers have tried to avoid this pathway to online sports betting because of the time it will take.
A vote will not be able to materialize and see a New York ballot any sooner than 2021. When the laws finally are revamped to allow online sports betting, expect these six sportsbook apps to be ready to launch.
The Best Odds for Sportsbook Apps in New York
FanDuel Sportsbook Mobile App
FanDuel's sportsbook app's first launch was in New Jersey. They formed a partnership with the Meadowlands Racetrack. In 2018, FanDuel become one of New Jersey's initial sportsbook apps. in New Jersey.
FanDuel started slowly but quickly grew to the most successful sportsbook app in the state. They more than doubled the betting handle for all New Jersey sportsbook apps. Many attribute FanDuel's success to the large customer base they brought over from their daily fantasy customer base.
Winning a legal battle with New York over DFS has proven to be a double-edged sword. Some think the animosity held by Governor Cuomo over losing his DFS legal fight is the reason why he is reluctant to allow online sportsbooks.
The success of online sports betting in New Jersey is a prime example. Another key reason FanDuel has been so successful is the crisp and clean app interface. It is user-friendly. New accounts are rewarded with a $1,000 risk-free-bet welcome bonus.
New FanDuel accounts can also receive a free $5 bet. FanDuel is one of the most successful sportsbook apps currently operating in many states. Their presence in New York is supported by a solid customer base and a stellar reputation.
DraftKings Sportsbook Mobile App
DraftKings was one of the first sportsbook apps to launch after the 2018 US Supreme Court ruling. They have a presence in most of the states where online sportsbooks have been legalized
DraftKings currently has a license for their sportsbooks mobile app in seven states. DraftKings is the only online sportsbook app to be approved for bettors in New Hampshire. Like their DFS competitor FanDuel, they hope lingering animosity will not curtail their hopes to launch in New York.
DraftKings also takes care of new sportsbook account registrations. They have an appealing welcome bonus. New accounts can build their bankroll with a $1,000 matching deposit bonus offer.
DraftKings Sportsbook also gives new accounts a $50 free bet. First deposits will be matched at a 20 percent rate up to $1,000. Sports bettors should also keep an eye out for special New York sports betting offers. DraftKings has offered new account promotions such as their free $25 bet offer.
BetMGM Sportsbook Mobile App
BetMGM Sportsbook started out as PlayMGM. MGM Resorts International envisioned the immense potential that online sports betting held. They saw a clear need to transform the PlayMGM casino app.
The first app was 1.0. PlayMGM. While it functioned well, it could not handle the data requirements of sports betting operations.
MGM established a partnership with ROAR Digital. The key goal was to build the best online sportsbook app on the market. The app has been enormously successful in West Virginia, Nevada, Mississippi and Indiana.
BetMGM added Colorado earlier this month. BetMGM continues to be ready when states legalize sports betting. The diversity of their betting platform and the variety of bets is a strong point.
BetMGM offers all major sports. Sports such as auto racing and golf are available, and these will be important as the world of sports begins to reopen. New account registrations with BetMGM receive a $600 risk-free first bet after a minimal opening deposit.
BetRivers Sportsbook Mobile App
BetRivers currently offers its mobile sportsbook app in three states, Pennsylvania, Indiana, and Colorado. They are the sports betting arm of Rush Street Gaming. The same people who manage SugarHouse online are behind BetRivers.
BetRivers has an excellent choice of in-game betting options. They keep a full list of the traditional game odds for all sports, plus offer a great deal of diversity. One nice thing is that you only have to clear a deposit bonus one time to gain access to the money.
Speaking of that welcome bonus, BetRivers will offer a 100 percent match up to $250 on the first deposit. Back by Rush Street Gaming, BetRivers has an outstanding reputation for honoring bonuses and promotions.
The BetRivers Sportsbook Mobile App works equally well on all devices. Adding interesting odds for sports such as darts and rugby expands BetRivers' appeal. Look for BetRivers to be a viable contender for a New York sports betting app license.
Fox Bet Sportsbook Mobile App
Our last sportsbook apps with strong odds of being launched when New York passes sports betting legislation is Fox Bet. Fox Bet Sportsbook app became a serious contender for sports betting handle when they linked a partnership with the popular Stars Group.
Stars Group is the parent company of PokerStars. The combination is creating a strong presence for Fox Bet in the sports betting industry. They have one of the most user-friendly platforms and the strong support of the Fox Corporation presence in professional sports.
Fox Bet has launched sportsbook app operations in both New Jersey and Pennsylvania. Colorado issued a temporary license to take sports bets online as well. Fox Bet's license is for a physical location, but an app is clearly in the future.
Fox Bet offers an excellent welcome bonus. Offers include a double welcome bonus. There is a $500 risk-free first bet, plus a matching deposit bonus up to $500. It's a great way to add $1,000 into a bankroll.
Frequently Asked Questions
Betting on sports using any online website or mobile app is not legal in New York. However, there have been a number of heated debates in the legislator to include online sports betting with the current physical locations that are legal.
Yes, New York residents can register for a sportsbook app account with a licensed operation in New Jersey. The can bet online if they travel to a place inside the New Jersey state borders. However, they cannot use this app to bet in New York.
While there has been much debate on whether Governor Cuomo will sign off on a bill to legalize sports betting in New York, much it seems to evolve around politically banter. Once a bill passes through legislative branch, it would seem unlikely that he would veto such legislation.
There have been a number of attempts over the last 10 years to legalize online poker sites in New York. To date, playing poker online in New York is still against the law. However, prosecutions are rare to non-existent.
Some contend there is some ambiguity in New York's online casino laws. The truth is that it is not legal to play online casino games inside the state borders of New York. Players can cross over into New Jersey, and potentially into Pennsylvania soon.
FanDuel won its battle with New York to provide daily fantasy contests to New York residents. However, currently there is no legislation in place for any sportsbook to offer online betting. There is ongoing debate to add online betting to the existing brick-and-mortar casino operations.
The DraftKings Sportsbook online app cannot legally be used inside New York state borders. However, it is legal to have an account, and then travel outside New York to neighboring states such as New Jersey and Pennsylvania to bet legally online.
Like most states, New York requires gambling winnings be reported. You must file a W-2G. This includes all winnings lottery games, horse racing bets, plus winnings at physical sportsbook locations in New York. The New York sports betting tax rate is 25 percent.