Sports betting is a billion dollar business in the United States, and it’s no surprise that New York has joined the party. With sports betting being newly legalized in the Empire State, NY residents now have access to many exciting betting opportunities. In this article, we’ll take a closer look at how sports betting has changed in NY and why you don’t want to miss out on the action.
The New York Sports Betting Explosion
Sports betting in NY was officially legalized in 2019 and since then, it has quickly become a hugely popular activity amongst NY residents. According to the NY State Gaming Commission, NY sportsbooks had already collected over $3.1 billion in bets within the first eight months of legalization and that number is only likely to grow as more states across the US continue to legalize sports betting.
Thanks to this explosion in legal sports betting, NY residents now have access to a huge range of wagering options including placing bets on professional sports like the NFL and MLB, college sports, esports and more. Additionally, NY residents can also bet on international events such as the Olympics and international soccer/rugby competitions.
Where to Place Your Bets in New York
There are now many ways for NY residents to place legal sports bets, including both online and in person. Online sports betting is available via an array of apps and websites such as DraftKings, FanDuel, BetMGM, WynnBET, BetAmerica and more. Residents can also visit one of the many physical sports books located across the Empire State, such as the SportsBook at the Resorts World Catskills Casino.
So what are you waiting for? Now is the perfect time to get in on all the action and start placing your bets. With the new laws in place, sports betting in NY has never been more accessible or convenient.
Benefits of Sports Betting in NY
Sports betting in NY has plenty of benefits aside from simply being an exciting and potentially profitable hobby. Here are some of the biggest:
- Increased tax revenue: Sports betting has already generated millions of dollars in revenue for the state of New York, which is used to improve the quality of life for NY residents.
- Job creation: Sports betting has created thousands of new jobs in NY, both in the online and physical industries.
- Reduced illegal gambling: By legalizing sports betting, NY has been able to reduce illegal gambling activities that have been rife in the state.
- Increases sports enthusiasm: The ability to bet on sports has only served to reinforce the excitement and enthusiasm that many NY residents have for sports.
Sports betting in New York has been a huge success since its legalization in 2019. With so many ways to bet, including both online and in person, it has never been easier for NY residents to get in on the action. So don’t miss out – take advantage of all the benefits that come with sports betting in NY and place your bets today.
What states have legalised sports betting?
As of August 2020, the following states have legalized sports betting: Colorado, Delaware, Illinois, Indiana, Iowa, Michigan, Mississippi, Montana, New Hampshire, New Jersey, New Mexico, Nevada, Oregon, Rhode Island, West Virginia, Pennsylvania, and Tennessee.