Sports Betting in New York
Fully LegalBy DawBets · Last verified: April 2026
Quick answer: New York bettors have access to 9 licensed sportsbooks, 6 CFTC-regulated prediction markets, 3 peer-to-peer sweepstakes exchanges.
Licensed Sportsbooks
State-licensed regulated sportsbooks. Operator tax rate: 51%. Online betting legal since January 2022.
Prediction Markets
Federally regulated by the CFTC. Trade event contracts on an exchange model — separate from state-licensed sportsbooks.
Peer-to-Peer Sweepstakes Exchanges
Dual-currency model. Trade directly against other users instead of against a sportsbook.
Legal Status
Nation's largest market by handle and revenue. ~$1.46B in state tax revenue since launch despite only 9 operators. High tax rate creates operator profitability challenges.
Online sports betting has been legal in New York since January 2022.
Tax Information
51% on operator revenue — the highest rate in the nation — plus $25M one-time license fee. Can result in less competitive odds for bettors.
College Betting Restrictions
No in-state college bets. No college player props.
Legislative Timeline
- May 2018PASPA struck down by SCOTUS
- July 2019Retail sports betting launches at upstate casinos
- April 2021Mobile sports betting law signed
- January 8, 2022Online sports betting launches
51% operator tax — one of the highest in the United States.
How DawBets Helps New York Bettors
DawBets compares odds across every sportsbook available in New York in real time. Instead of checking each app individually, see all prices side-by-side and always place your bet at the best available line.
New York +EV tip: New York's 51% tax — the nation's highest — pushes operators to widen their margins, which tends to make posted odds less competitive. Line shopping matters more here, not less, because the spread between books can be costly to ignore.
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Start free 7-day trialFrequently asked questions
Is sports betting legal in New York?
Yes. Online sports betting is legal in New York since January 2022. Nation's largest market by handle and revenue. ~$1.46B in state tax revenue since launch despite only 9 operators. High tax rate creates operator profitability challenges.
What is the sports betting tax rate in New York?
51% on operator revenue — the highest rate in the nation — plus $25M one-time license fee. Can result in less competitive odds for bettors.
What is the minimum age to bet on sports in New York?
You must be at least 21 years old to bet on sports in New York.
Can I bet on college sports in New York?
No in-state college bets. No college player props.
How many online sportsbooks are available in New York?
New York has approximately 9 licensed online sportsbooks, including DraftKings, FanDuel, BetMGM, and others. Compare odds across all available books with DawBets.
When did New York legalize online sports betting?
Online sports betting has been legal in New York since January 2022.
Can I use Kalshi in New York?
Yes. Kalshi is a CFTC-regulated prediction market available to New York residents. It offers sports event contracts under federal commodities regulation, separate from state-licensed sportsbooks.
Is ProphetX available in New York?
New York has restricted sweepstakes-model sports prediction platforms.
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