Gambling and sports betting in New York are very popular forms of gaming. Their popularity is rapidly growing now that they have been officially legalized by the state’s authorities.
As a result, many companies, developers, and casino providers have launched their own gambling platforms and apps. There are so many options to choose from that it can be tough to find the best NY sportsbook promos.
This article will introduce New York’s gambling bonuses to help gamers find the right provider for them. By taking advantage of bonuses, welcome offers, and other promotions, gamers can save some money and make the most out of their gaming experience.
Before diving straight into the list of New York gambling bonuses, this article will provide a brief overview of the state’s gambling legislation and sports betting history.
An Overview of New York’s Attitude Towards Gambling
Sports betting and gambling, in general, are very popular pastimes in New York. Although sports betting has been going on in the rest of the world since Ancient Greece, it is relatively recent in the state of New York.
The first evidence of sports betting in New York dates back to the 19th century. At the time, horse betting was extremely popular.
Horse racing, and therefore betting, were brought to America by Irish and English immigrants. As a side note, horse racing is still extremely popular in the U.K.
In New York, during the 19th century, bettors would place their bets via bookmakers and attend races in person. Gambling and horse betting were authorized at the time.
However, at the beginning of the 20th century, sports betting became illegal. Horse betting was banned, as well as all forms of gambling.
Despite these practices being banned, many individuals still took part in sports betting. They would do so secretly by joining small groups and salons or entering small and hidden casino venues.
But because gambling was no longer authorized, many players became more vulnerable. They could easily be scammed or taken advantage of by bookmakers and other gambling providers.
The lack of regulation and legislation made it unsafe for players. That did not stop players and gambling providers from playing.
Gambling still remained popular during that time despite being illegal in the entire state.
At the beginning of the 21st century, things began to change. Lawmakers were discussing gambling laws, and soon enough, the word got around that gambling would become legal again.
In 2013, New York agreed on a bill that legalized sports gambling at the state level. The bill that was passed in 2013 in New York legalized sports gambling legal exclusively in New York casinos.
However, mobile sports betting was still considered illegal.
The passing of that 2013 bill was later boosted by New Jersey’s Supreme Court win in 2018. The state’s victory allowed other states to legalize sports betting as well.
Although the bill was passed in 2013, bettors in New York had to wait until 2019 for the first official sportsbook to be launched. As for mobile sports betting, it finally appeared on the New York scene in January 2022.
As of early 2023, there are nine live online sportsbooks in the state of New York. More sportsbooks will probably be launched and authorized over the following months and/or years.
Bettors and gambling providers should note that although mobile gambling is legal, any sports betting on collegiate games, gatherings, or events taking place in the state of New York is prohibited.
But has mobile betting been successful? Is the state of New York reaping benefits from its legalization of mobile gambling?
At the end of 2022, Governor Hochul announced that the state of New York had collected over $500 million USD in tax revenue since it entered the mobile sports betting market in January 2022.
These numbers show how profitable the mobile sports betting market has been for the state of New York.
New York Gambling Bonuses
Nowadays, bettors can easily find the best promo codes on different sports betting websites. These websites compare the latest offers and allow bettors to find the most advantageous deal for them.
For example, many sportsbooks are currently offering a betting offer.
DraftKings Sportsbook invites players to bet $5 USD. By doing so, they will be rewarded with $150 USD in bonus bets if their first bet wins.
FanDuel Sportsbook and Wynnbet offer similar rewards. These rewards allow players to bet a small amount of money and play with a larger amount.
This means that players get to experience more and try out different bets without risking their own money.
Players should read the instructions and conditions before accepting these offers, as there might be some special conditions to them that are worth knowing in advance.
Other sportsbooks offer slightly different bonuses and rewards. For example, Caesars offers 1,000 Caesars reward credits and 1,000 tier credits to new clients who place their 1st wager.
On top of that, if the new client loses their first bet, Caesar’s reimburses their stake as long as it is no more than $1,250 USD.
Final Thoughts
This welcome offers change often depending on the current trends and how competitive the market becomes. Players should keep an eye peeled for new promotions and welcome offers by visiting price comparison websites.
