In fact, the tax on winnings is 24% federal with New York residents having 8.82% withheld for winnings over $5000. This includes the Syracuse Orange in College Basketball.Īdditionally, the tax for those sportsbooks based in New York is greater than 50%, thus making it especially difficult to offer competitive bonuses and lines.
The in-state licensed books will not be taking bets on New York college teams. Mobile sports betting from businesses operating within the state of New York was only available from websites licensed outside the states until the first week of January 2022. New York opened sportsbooks in casino locations within the state in 2019, but all in mostly sparsely populated regions. No social security number required to join BetOnline accepts customers from the Empire State and features a generous welcome bonus with a max of $1000. Bovada is no longer available to new customers in New York, however, there are much better options.
