New York Sports Betting Promo Codes

New York Sports Betting- Best NY Sportsbook Promos

New York bettors can place legal bets at legal sports betting sites and take advantage of the New York sports betting bonuses available. Since sports betting launched in early January 2022, the residents have wagered roughly $11 billion. Currently, there are nine approved operators offering top-notch sportsbook promo codes.

Caesars Sportsbook NY Promo

On Caesar’s sportsbook, bettors get two chances to win their initial bet of up to $1250. The New York offer was recently changed on August 22, 2022. The promo bonus allows new customers to claim 1000 Caesars Rewards Tier Credits. New users also receive 1000 Caesars Rewards Reward Credits. To claim the Caesars sportsbook NY promo welcome bonus, you will need a promo code. If your initial bet on the sportsbook falls flat, you will be refunded that amount into your account up to $1250. Therefore, if you bet $200 and lose, Caesars will refund $200.

Best New York Sportsbook Promos

DraftKings NY

Bettors can claim a DraftKings sportsbook NY promo code of $5 and win a $150 welcome bonus. When you place a $5 bet on any sport, you will unlock eight $25 free-bet tokens if you win your bet. Each of the eight tokens has a 1x rollover requirement. The sportsbook regularly offers an odds boost on a number of wagers. Further, new users get a 20% match for their first deposit of up to $1000.

BetMGM NY

The main sign-up bonus for BetMGM is a risk-free bet worth up to $1000. The bonus refunds your initial bet with up to $1000 in site credit when you lose your bet. NY sports fans usually have access to the M life Rewards when they register an account. You can accrue M life Rewards by simply placing wagers, which will earn you rewards at MGM Resorts International properties.

FanDuel NY

NY bettors can claim a No Sweat First Bet, up to $1000, when they open an account on FanDuel. At FanDuel Sportsbook NY, new users can wager $5 on any NBA sport and enjoy three free months of NBA League Pass.

PointsBet NY

The sportsbook offers new users four second-chance bets of $200 each. You can place a second chance bet of $200 on each of your first four days. If you lose your bet on the first day, you get a refund of up to $200. The sportsbook also offers PointsBetting, which allows bettors to make a wager and win high amounts if the team they wager on covers the points spread by a certain margin.

BetRivers NY

BetRivers offers a 2nd Chance Free Bet, up to $100 for new customers. If your initial bet loses, you receive a refund of up to $100, which you receive in site credit. This gives you a second chance to pick a winner. The bonus funds can be used to bet on the NFL, NBA, college basketball, NHL, and more.

WynnBET NY

WynnBET will give you a $5 free bet after you create an account and place a wager of $100 at minimum odds of -120. You can also enjoy ongoing sports betting bonuses as an existing user. NY bettors who initially deposit $20 or more and place their first bet of $100 get $100 in free bets. Players can also take advantage of Wynn Rewards, which is a program that rewards them the more they play.

Top Sportsbooks in NY

• FanDuel- this sportsbook is headquartered in NY city. The sportsbook offers the easiest-to-use platforms with no downtime or glitches. The sportsbook also offers fast response times to customer service.

• DraftKings- this is the best sportsbook for betting on local NY teams and other big games and events. The sportsbook also has excellent in-app security and multiple deposit options.

• PointsBet- this is the only sportsbook that offers four-second chance wagers.

• BetRivers- this sportsbook has the largest menu of sports available for betting.

• WynnBET- this is the best sportsbook for competitive and appealing odds.

• BetMGM- this sportsbook offers regular incentives for existing players. In addition, the sportsbook has plenty of bets provided across different markets and a vast selection of futures, props, and live betting markets.

How to Redeem NY Sportsbook Promotions?

You have to register at the top sportsbooks in NY and enter the promo code, if necessary, to redeem the promotions. Each sportsbook offers different promotions, and the procedure to redeem them differs as well.

How Do We Rate NY Sportsbook Bonuses?

NY online sportsbooks offer a wide variety of bonuses for new and existing customers. For instance, the deposit bonus matches a percentage of your initial deposit with bonus funds. Referral bonuses are also offered to users who use a unique referral link. If you give your friend the referral link and they use it, you will get a free bet credit. Another common NY bonus is the loyalty bonus which allows you to earn points when you place a bet. The points will accumulate in your account, and you can eventually exchange them for bonus credits.

Pros and Cons of Betting Online in New York

Pros

• It is convenient since you can bet anytime and anywhere.

• You can gamble even with as low as ten bucks.

• There is a wide game variety to choose from.

• You can take advantage of bonuses and rewards.

Cons

• There is no personal interaction.

• Withdrawals often delay, sometimes.

• You may get scammed by shady operators.

NY Sports Betting Laws

• You must be at least 21 years old to bet on sports in NY.

• You must be physically located within the state to place a wager.

• All bets on NY collegiate teams are illegal.

• There is no wagering on elections and entertainment.

• People who have ties to a sport in a professional manner are prohibited from wagering on those competitions.

NY Sports Betting Taxes

The New York state requires each operator to pay a tax rate of 51% for ten years. In addition, promotion revenue is also taxed by the state. Due to the high tax rates in the state, it is hard to run gambling businesses. Further, whenever bettors receive and lose a free promotional bet, this is still counted as gross revenue for the sportsbook. As a result, the tax rate as a percentage of revenue can be more than 77%, inclusive of federal tax.

NY Sportsbook Promos FAQs

What is the best NY Sportsbook promo available?

The Caesars sportsbook NY promo code of up to $1250 first bet.

How old do you have to be to bet on sports in NY?

You must be 21 years old to bet on sports in NY.

Do you have to live in New York to bet online?

Bettors must be physically located within the state in order to place a wager. Geolocation software is used to ensure that bettors are located within state borders when placing a bet.

What sports can be bet on in New York?

• NFL.

• NBA.

• MLB.

• NHL.

• MLS.

• WNBA.

What sports are illegal to bet on in New York?

It is illegal to be in college sports involving in-state teams in NY. You also can’t bet on any collegiate event in the state. Further, bets on horse racing, including online, are not included on sports betting platforms.

How many bonuses can be claimed?

You can claim as many bonuses as you want on all the legal sportsbooks in New York.

When did sports betting become legal in NY?

January 8, 2022.