How To Bet On Sports In Nyc
With a population of nearly 20 million, it’s no surprise that New York has one of the biggest
online betting markets in the country. Today, we’re going to be explaining how to find the best
New York betting sites and which sites are available to players within the state. We’ll
also be covering the legality of New York betting websites and talking about a few ways
to stay safe when making bets online.
The top betting sites in New York that are listed below are well-known for being extremely
safe and easy to use. Check them out today and see why so many people are joining!
Rank | Gambling Site | Deposit Bonus | Get Started | |
#1 | 100% Up To $2,500 | Visit Site | ||
#2 | MyBookie | 50% Up To $1,000 | Visit Site | |
#3 | 100% Up To $1,000 | Visit Site | ||
#4 | Bovada Sports | 50% Up To $250 | Visit Site | |
#5 | 50% Up To $1,000 | Visit Site |
At the moment you can’t bet on any sports in New York. However, that situation will be changing very soon, as soon as the regulatory legislation is passed. And when it is, there is a whole wealth of New York sports just waiting to be bet on. There is possibly no other sporting state in the country quite like New York.
If you’re not quite ready to jump into the betting action and would like to learn more about what
each site offers, we highly recommended reading our in-depth reviews offered throughout GamblingSites.org.
If you want a brief summary of each, then look no further than the following list of the best NY sports betting
sites. We’ve done the testing to make sure these truly are the best and also explain the strengths of each.
Best New York Sports Betting Sites
The New York sports betting odds and lines are provided by Don Best, which are updated every 15 minutes based on available data. The point spreads are also shown on the same line as the favorite pick and the over-under for the game. While sports bars that aren’t at a racetrack or casino can’t offer sports betting, New Yorkers can travel to New Jersey and bet from any bar in the state. All you have to do is register at a New Jersey sportsbook like DraftKings, and you’re good to go once you’re in the state. New York Sports Betting Laws Sports betting is legal in New York, but you must be aged 21 years to place a bet. You must also place a bet with a fully licensed casino/sportsbook, and you cannot place a bet online, either via desktop or your mobile device, in NY. NY Sports Betting FAQ: Your Questions Answered. New York Sportsbook Offers Sports betting is legal in New York, but only available in-person at four casinos update - the closest about 100 miles from New York City. Even pre-COVID-19, this forced many New Yorkers to continue betting illegally through offshore websites and local bookies.
- BetUS – An excellent sportsbook choice for NY bettors with a history of great customer service.
- MyBookie – Our second choice for NY sports betting. Includes a generous bonus offer and quick withdrawals.
- Bovada – One of the largest online sportsbooks in history with a proven track record.
- BetOnline – NY sports betting site that’s been around for years, bet here with confidence.
- SportsBetting.ag – Same owners as BetOnline with strong backing and reputation.
Keep reading if you’d like to learn more about how we pick our top 5 sports betting sites for New York and the various criteria we use to test each site.
What to Look for in New York Betting Sites
US players have access to some amazing online betting sites. Most of the top websites accepting
US players offer odds on just about every major sporting event taking place around the world. With
that being said, it’s important to make sure that the site you’re thinking about joining offers
some basic features.
Here are four of the most important things to look for before joining one of the
betting sites in New York.
Variety of Sports to Bet On
The best NY betting sites have a large selection of sports to bet on.
Our recommendations offer a large variety of odds on all kinds of sports, including early odds on popular events long before they occur.
Payment System and Safety
Peace of mind is a must. Betting sites are only good if they’re safe.
We’ll only ever recommend sites that we know can be trusted. We thoroughly review every site, and only consider them as the “best” if they truly deserve it.
Design and Functionality
Good betting sites should be visually appealing and easy to use.
Take advantage of the convenience of playing from your phone on these sites.
Bonuses and Promotions
We all appreciate getting some extra value, so these are a must.
Our suggested sites all offer you the opportunity to earn loads of bonus cash.
Wide Range of Odds and Available Sports to Bet On
Ensuring that a NY betting site offers a wide range of different betting odds is one of the easiest things to check for in a betting site. Most
of the top New York online betting sites allow you to scroll through the website before even becoming
a member!
The menu of an internet sportsbook will often feature all or most of the available sports to
bet on. Clicking on any of these sports tabs will bring up the odds for the different events of that
particular sport. All of the legit NY betting sites will provide betting odds for
sporting events that will take place in the future.
If you want to bet on the Super Bowl early, for example, make sure to find a website that allows
you to bet on it months in advance! As we mentioned before, this is one of the easiest things to find
out. Scroll through the online betting site and make sure there are odds offered on a variety of
different events, or at least the sport that you plan to wager on.
Payment System and Safety
This may not be as easy to find out as the odds offered, yet it’s even more important.
Finding safe New York betting sites should be priority number one. A site could offer
the best odds, but if it doesn’t provide a secure payment system, it’s not even worth looking
into.
There are a number of ways to find out more about a NY betting site’s deposit options. You can check
out our full list of online gambling site reviews, where we dive into each specific site’s payment system.
You can also check out these sites for yourself to learn more about what forms of payment are
accepted.
All of the good betting sites in New York will accept credit cards as a deposit option.
If the site you’re looking at doesn’t allow deposits to be made with a credit card, we don’t
recommend joining it. You should also make sure that fees for deposits are not too high.
Checking out a New York betting site’s money withdrawal options is also extremely important.
Most US betting sites recommend using Bitcoin as a withdrawal method. Don’t let that
turn you off. Bitcoin payouts are easy and quick! Some sites, including Bovada sportsbook,
even provide an entire page that explains how to use Bitcoin for sports betting payouts!
Take the time to read up on New York sports betting website reviews before trying the
sites out. Word spreads quick, and if a site withholds a player’s winnings, it will come
to light.
Website Design and Functionality
The design and functionality of a website are hugely important. Every online sports betting
site is different, yet the good ones will always make it easy to find the sport you
want to bet on. If a site crashes or has a user interface that makes it difficult to place
your bets, move on to another one.
Fortunately, this is another thing that’s extremely easy to look for in New York sports
betting sites. Simply scrolling through the homepage of an internet sportsbook will tell a
lot about its functionality.
Design may not seem like an important thing to watch for. Some NY betting sites will flood their
homepage with bonus offers and recommended wagers. Others are more simplistic and provide
odds for live sporting events taking place. Check out a few sites and make sure that the
one you want to join has a sleek design and an easy-to-use interface.
Promotions for New and Existing Members
Promotions are oftentimes the best way for a site to attract new players and retain
existing ones. Every company will offer different bonuses. We feel that it’s important
to join a New York sports betting site that offers bonuses to both new and existing
members.
Welcome bonuses are extremely popular. They generally come in the form of a first
deposit bonus. This means that whatever a new player deposits into their account will
be added onto by the online betting site.
Bonuses for members who have already joined a New York betting site are a little rarer. A number
of betting sites in New York will offer fun tournament-style bonuses. Others
will simply add onto a deposit you’ve made every few months.
It’s important to note that players don’t need to use bonuses. In fact, these
bonuses can occasionally make it difficult to withdraw the money that you win.
Generally speaking, bonuses are a great way to add a little money into your betting
account. Honest New York betting sites will always provide the details and
conditions of a bonus.
Why Are Betting Sites in New York Growing so Popular?
The popularity of online sports betting is growing across the United States. A
number of states, including New Jersey and Pennsylvania, have completely opened up
their online sports betting markets. Many others have pending legislation to allow
this popular form of internet betting.
In case you didn’t know, the US Supreme Court
ruled PASPA unconstitutional back
in 2018. This opened the doors for individual states to completely legalize sports
betting.
In late January, New York’s Governor, Anthony Cuomo, approved legislation for
sports betting inside casinos. Unfortunately, New York has not taken the steps to
begin regulating internet sports betting, although that’s not stopping people here from
betting on their favorite sports online. There are two main reasons why
betting sites in New York are growing more popular every single year.
1 – Convenience
Online betting is easier than land-based gambling in just about every way.
For one, it allows sports fans to place wagers on their favorite teams and players
from the comfort of their own home. These bets can even be made on the go using
your smartphone!
The state of New York is still working out the details of sports betting
inside casinos. It may be months before any sporting wagers are actually available
inside these establishments. New York betting sites are available right
now and don’t require a long drive to a nearby casino just to place a bet!
The convenience of online sports betting is likely the biggest reason why
thousands of new players are joining these sites every month. It can be done
from anywhere in the state with an internet connection.
2 – Huge Amount of Betting Odds Offered
Nearly all of the safe New York sports betting sites will provide more
betting options than a traditional sportsbook found in Las Vegas. A good online
sportsbook will provide betting odds for all US sports leagues including the
NFL, MLB, NBA, and more. These sites will often provide odds on random novelty
things such as politics, too!
New York sports fans can expect to find amazing odds on sports teams based in
the state. Want to bet on the Yankees online? How about a wager on the Giants
winning the Super Bowl? Online sportsbooks allow these bets to be made
throughout the year.
There’s no doubt that the massive number of different odds offered is a key
reason why New York betting sites are growing more popular. Check out any
of the New York betting websites available here to see for yourself how many different things you
can put money on.
Are Online Sportsbooks in New York Legal?
Historically speaking, this state has been extremely strict on the betting
industry. As we mentioned earlier, many lawmakers in New York are pushing for
more betting options. Sports wagering will soon be coming to the state’s casinos,
and in time, we may see the state’s gambling authority completely regulating the
online sports betting operations here.
New York is one of the few US states to actually crack down on unregulated
internet gambling activities.
mentions online gambling as follows:
“A person “advances gambling activity” when, acting other than as a player,
he engages in conduct which materially aids any form of gambling activity. Such
conduct includes but is not limited to conduct directed toward the creation or
establishment of the particular game, contest, scheme, device or activity involved,
toward the acquisition or maintenance of premises, paraphernalia, equipment or
apparatus therefor, toward the solicitation or inducement of persons to participate
therein, toward the actual conduct of the playing phases thereof, toward the
arrangement of any of its financial or recording phases, or toward any other
phase of its operation. One advances gambling activity when, having substantial
proprietary or other authoritative control over premises being used with his
knowledge for purposes of gambling activity, he permits such to occur or continue
or makes no effort to prevent its occurrence or continuation.”
At face value, this means that online gambling is banned throughout the state.
New York is more concerned with foreign betting sites operating than the players
making bets.
Will I Be Prosecuted for Betting on Sports in New York Online?
The state law allows for the prosecution of anyone betting on sports over the
internet. As of this writing, however, there have been no reports of individual players
being arrested for this activity. It’s clear that the state wants offshore websites
to stop offering their services here.
Players are highly unlikely to face any trouble from accessing one of the New York sports
betting sites.
How to Stay Safe at Sports Betting Websites in New York
The best way to protect yourself when betting on sports in New York online is to
do research! Never join one of the different New York betting sites currently
available without reading more about its reputation. The sites that we feature at
the top of this page are highly regarded for their safety.
Below are five easy tips to ensure your New York online sports betting experience is safe and fun.
Do Research
Every one of the NY betting sites is different. Many are
perfectly safe, yet a few are known to be a little shady. To make things
easier, check out the sites that we recommend at the top of this page.
Never Bet More Than You’re Willing to Lose
Sometimes we find ourselves craving that big payout from an online sportsbook that we may not necessarily have the funds for.
Be careful not to overextend yourself when placing bets at a NY gambling website. Only you can protect yourself from gambling too much.
Stick to Betting on Sports You Understand
This is particularly important when first getting into sports betting. It can
be tempting to bet on a sport you don’t watch if the odds are great, but this
is one of the easiest ways to lose money.
How To Make Sports Bet
Be Willing to Move to a Different Website
Just because you’ve looked through the different New York betting sites
and joined one doesn’t mean you have to stay there forever. If you have difficulties
with payments or don’t like a website’s design, be willing to move to another one!
Understand Promotions
We mentioned earlier that promotions can be a great way to boost your earnings.
Unfortunately, these promotions can occasionally make it difficult to withdraw cash.
Read up on a promotion’s details before you decide to utilize them!
How To Place Sports Bet
Conclusion
It’s an extremely exciting time for the US online gambling industry. More states are
beginning to open up this popular market. New York is clearly loosening its restrictions
on sports betting, and in time, we may see this industry completely legalized.
Most of the top US online betting sites
are available inside this state. Scroll up to the top of this page and check out the New York
betting sites that we highly recommend.
FAQ
What Are the Main Things to Look for in Good Betting Sites in New York?
Every online sportsbook is different. The most important things to look for are the number of different odds available, a good payment system, solid website functionality, and good promotions for both new and existing members.
Why Are New York Betting Sites Growing so Popular?
Betting online is considerably easier than inside a casino. It can be done from the comfort of your home, and betting sites in NY tend to offer more betting options than traditional land-based sportsbooks.
Is Online Sports Betting Legal Inside New York?
How To Bet On Sports In Nyc Today
New York is tougher on internet betting than most other states. Online sports betting is technically banned, yet the state has not prosecuted anyone for making sports bets online.
How Can I Stay Safe Betting Through Online Sportsbooks in New York?
The more research you do, the better your sports betting experience will be. Make sure you look into a website before you join one, never bet more than you’re willing to lose, wager on sports you actually understand, always be willing to move to a different sportsbook, and read into the details of a promotion before you decide to use it.
There are no federal restrictions standing in the way of sports betting in New York. As such, legal sports betting venues located at four upstate New York casinos as well as in a handful of tribal casinos are available for New York residents to bet on sports. There is also another legitimate avenue, as mobile betting within the state has yet to be legalized: online, offshore sportsbooks. These websites are safe and reliable because they operate in countries outside of US jurisdiction and are regulated by their home country.
Everything you need to know about New York sports betting is going to be right here on this page. We’ll talk about both land-based and online options, a background of the legal and political landscape, and which cities in New York you can find land-based sportsbooks. Included is also some useful information like what types of games you can wager on, how old you have to be to bet on sports in NY, and the limited betting restrictions.
Legal New York March Madness Betting
March Madness is one of the sporting events that all players know that money can be made a day in and day out. The best thing that players can do now is to make sure they have an account with one of these online sportsbooks prior to March Madness beginning. There are so many games that go out throughout this tournament which only means more money can be made and this is what betting is all about. Betting in New York on March Madness is legal but the best way to bet is online sportsbooks. Parlay bet and prop bets are known as big-time types of bets that players like getting involved in. College basketball is big in New York so expect a lot of players to put money on these games.
Online Sportsbooks That Are Legal For New York Players
Now that we are living squarely in the digital age, there are hundreds (and maybe even thousands) of online sportsbooks that are legal for New York players. That being said, quantity doesn’t always equal quality. We have gone through many of these sites, tested them ourselves using our own money, and narrowed the many down to a select few. As such, we’re confident that our picks are the best of the best, and if you follow our recommendations, you don’t have to go through a bunch of junk just to come to the same conclusions that we did. So save some time, and bank on the fact that these sites are reliable, have great bonuses, sport incredible jackpots, and offer the best legal New York sports betting options anywhere on the Internet.
All sites listed below have wagers available for all New York area pro and college teams, but – like most US sportsbooks – they really specialize in NFL betting. Therefore, these are really good places to put money on the NY Giants, NY Jets, or Buffalo Bills.
BetDSI - Bonuses Each Time You Fund Your Account!
BetDSI may not be the biggest sportsbook on the Internet, but since when did you have to be the biggest to be the best? It’s all about what you bring to the table, and BetDSI knows how to deliver. They’ve got a solid reputation for competitive lines, fast service, and easy transactions. Want to bet on football at BetDSI? You’ll find the highest limits of any online, offshore sportsbook around for these games. Every Thursday, Sunday, and Monday night, the place to be is BetDSI.
First-time BetDSI customers can get a 100% New Member Bonus (worth up to $500) to put towards their sports betting wallet. Double the play, none of the extra effort – all you have to do is click a couple of buttons and the bonus will be immediately deposited into your account. BetDSI members are also automatically added to the site’s loyalty rewards program, called BetPoints. From the time you place your first bet onwards, you’ll immediately start earning cash back, so it’s basically like you’re getting paid to play! New York sports betting never felt so good!
Note: Bovada will begin accepting new players from New York!
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Is It Legal To Bet On Sports In New York?
It is legal to bet on sports in New York, thanks to a conditional referendum that was added to the state code back in 2013. In anticipation of the Professional and Amateur Sports Protection Act (PASPA) being repealed, state lawmakers created an amendment to the gambling laws in the state. This amendment created four commercial casinos that would be allowed to operate sportsbooks, so long as there were no federal restrictions in the way.
Thus, when the Supreme Court finally repealed PASPA in May 2018, legal sports betting for New York residents became a reality. Despite their best efforts, lawmakers were not able to pass an expanded sports betting bill regarding mobile betting in 2018 or 2019. Without such expansion the state’s four upstate casino venues and the state’s tribal casinos are only able to accept wagers in person.
The good news is that online, offshore sportsbooks for New York residents are still completely legal, safe, secure alternatives. We recommend using well-established sites like Bovada, BetOnline, MyBookie, and/or SportsBetting. These sites have been operating in the Empire State for more than a decade each, and they boast a combined New York membership in the millions of users.
What Cities In New York Have Sportsbooks?
There are four cities that have sportsbooks in New York on the commercial casino end. These locations are spread throughout the upstate area, making the venture for New York City residents quite the trek. Still, options exist in the tribal casinos, but the upstate commercial casinos with sportsbooks in New York are located in Monticello, Nichols, Schenectady, and Waterloo.
Monticello, NY - Resorts World Catskills is the newest of the commercial gambling venues in NY, as it opened in February 2018. Fully equipped with a sports betting lounge and a fully trained sportsbook staff, the Monticello book is located just 90 minutes from NYC.
Nichols, NY - The Nichols sportsbook is further west, near the New York-Pennsylvania border. This venue – the Tioga Downs Casino Resort – has been providing residents and visitors with the best table games and slot options since its opening. It is also the only commercial casino with live and simulcast pari-mutuel wagering on-site.
Schenectady, NY - The Schenectady sportsbook is found at the Rivers Casino & Resort Schenectady. This state-of-the-art resort offers a relaxing day spa and plenty of amenities to keep the whole family entertained. For residents in the eastern part of the state, this remains the most convenient land-based sports betting option in New York.
Waterloo, NY - If you live in the northern part of the Empire State, your best bet will be to visit the Waterloo sportsbook. There, you’ll find the Del Lago Resort & Casino, a stunningly beautiful venue in an even more picturesque location. When wagering on sports here, you’ll be able to join a rewards program that includes complimentary drink service and weekly jackpot giveaways.
New York Sports Betting & Gambling Laws
It used to be pretty tough trying to figure out the state of sports betting in New York. It required stumbling through civil statutes and the penal code to find out what was legal and what wasn’t. Then federal laws on the same topic had to be researched. However, things were made much easier in 2013 when NY lawmakers passed a referendum to the existing gambling laws in the state, called the Upstate New York Economic Gaming Development Act.
This act allowed for four commercial casinos to operate in the state aside from the tribal casinos as federal restrictions were lifted. Although construction on the casinos began right away, the sports betting portion of this bill remained inactive for the better part of five years, thanks to a federal ban called the Professional and Amateur Sports Protection Act (PASPA). PASPA eliminated states’ abilities to operate their own sportsbooks (excepting Nevada) and was put into place by Congress in 1992.
This is the federal law that New Jersey fought all the way to the US Supreme Court and won the repeal in May 2018. On the grounds that it was unconstitutionally taking away states’ rights, the federal restriction was out of the way, making sports betting official legal in New York and ready for launch after the gaming regulations were approved. The first sportsbook in New York opened on July 16, 2019.
Current New York Sports Betting Proposals
As the law stands right now, there will be no mobile or online New York sports betting solutions available domestically. This has been the largest hot button topic for New York sports betting, as legislators are aware that the residents can get around this by using a reputable, safe offshore sports betting site or venture into New Jersey for their mobile betting outlets.
Because of the above restrictions, lawmakers are seeking to expand sports betting in NY via the introduction of new laws. They were not able to do so in the 2018 or 2019 legislative sessions, but progress has slowly been made. As developments and changes are made to the New York sports betting laws, we will update this network so that you remain in the know. In 2019 NY SB 17 was passed in the Senate during 2019 but didn’t garner enough support in the House. However, this is the format for mobile betting in New York that legislators are looking in to.
Legal Gambling Age For New York Residents
In the state of New York, you will have to be at least 21 in order to gamble on sports. This decision was made by lawmakers, so it’s a statewide requirement, and there are no exceptions. Offshore sports betting sites will take NY members who are at least 18, but since the state has an explicit sports betting age limit, you should defer to that before wagering over the Internet.
Mobile Sports Betting In New York
So, sports betting could be on its way to New York via state-sanctioned sportsbooks, but it is not there yet. New York-based sports bettors are best served at the moment by the online sportsbooks if they want to place bets on sports via mobile devices. The sites generally do not require apps and have instead designed their websites to provide users who navigate to them on mobile devices with a version of the website that provides a seamless mobile experience.
Land Based Gambling In New York
While only four commercial casinos can have sportsbooks according to the current state laws, there are over twenty casinos and racinos that offer a full range of land-based gambling in New York. These venues can be found all over the state, so you’re never far from some top-tier gaming action, regardless of where you happen to be. From Long Island and the Hudson Valley to the Finger Lakes and the North Country, gaming options abound.
Some of the most famous land-based casino venues in the state include the award-winning Turning Stone Resort & Casino, the Seneca Allegany Resort & Casino, the Finger Lakes Gaming & Racetrack, the Empire City Casino, the Seneca Niagara Resort & Casino, and the Empire City Casino. And, of course, the previously mentioned upstate venues are right with them, as well.
Legal NFL Betting In New York
There are numerous sites that accept New York residents for legal NFL betting. Given the current lack of legal domestic sports betting sites, all of your NY wagering options are located overseas. Sites that are based offshore are considered legal NFL betting sites as they are regulated in their home countries and licensed to accept American bettors. This means that you can safely bet on the New York Giants or Jets (or Buffalo Bills) without leaving your home, all while still fully adhering to the law. New York does not criminalize individual resident bettors, regardless of where they place their wagers.
Local bookies, of course, are another matter, and since these operate in actual defiance of the law, it’s safer and better to stick with legitimate online books. Plus, you’ll get way more action and way better odds than any black market bookmaker can offer, and you’ll get to keep your kneecaps. It’s a win-win!
Legal College Football Betting In NY
Legal college football betting might be difficult to find at in-state sportsbooks once such services are rolled out, primarily because NCAA betting is such a hot-button issue. For example, neighboring New Jersey doesn’t allow its in-state collegiate clubs to receive action at local sportsbooks, nor does it allow any wagering on out-of-state teams that are playing within NJ’s borders. New York has followed the same regulations and prevents in-state collegiate wagering.
Because of this, we suggest heading to a sportsbook online, where you’re guaranteed to find a host of NCAA Division-I games covered, including those from NY. It doesn’t matter if you’re betting on the Syracuse Orange or betting against a team from Army, Columbia, or Cornell. No matter which local NY team you favor, you’re going to be far more likely to find more games, more teams, and more options at online, offshore sportsbooks that accept New York residents than you’ll ever find at any books inside the state.
FAQ About Online Sports Betting In New York
1) Where can I find the text of the state laws mentioned on this page?
To peruse the 2013 Upstate New York Gaming Economic Development Act, you can visit the official law history here. You can read about NY gambling offenses here, and you can browse the pari-mutuel laws of NY here. Sports wagering is referenced specifically under the latter section in Article 13, Title 8.
2) What about the other New York state laws? Where can I find them?
Visit the state assembly's website and keyword search “gambling”. You’ll be brought to a listing of each year’s civil and penal codes. You’ll be able to find everything, as it has been written and amended throughout the years there. For the Consolidated Laws of New York, you can visit the official page here.
3) Does Bovada Welcome Players From New York State?
As of 2019, Bovada once again accepts players from New York! It remains to be seen whether or not this means that Bovada will accept players from the four other barred states (Delaware, Maryland, New Jersey, and Nevada).
4) If not authorized by the state, how do I know these offshore sites are legitimate?
Each of the sites listed on this page is regulated, licensed, and kept in check by their own home governments. In addition, we have personally tested the sites we recommend for quality control and fairness standards, and each exceeds our expectations (and continue to do so). These sites are run under the supervision of government-authorized gaming commissions and are housed in places like the UK, Costa Rica, and Panama.
5) Has any New York resident been arrested for gambling on sports over the Internet?
No. New York residents have nothing to fear when it comes to putting a few dollars down on the weekend's games. A problem arises when New York residents try to operate their own sports betting operations, as unlicensed bookmaking is unambiguously against the law. However, individual sports bettors have not been criminalized for placing wagers over the Internet at offshore sports betting sites.
6) Is it safe to deposit with a credit card into these betting sites?
Yes, your credit card information is totally safe with the sites we recommend. They use industry-leading security measures, and they never sell any of your personal information to third parties. For added security, these services all accept cryptocurrency, as well. You can wager at these offshore books with full peace of mind!
7) If the UIGEA makes it illegal to process financial transactions, how can I legally deposit or withdraw from my betting site?
The UIGEA only makes it illegal for domestic (i.e. US-based) banks, payment processors, and gambling sites to knowingly process payments related to gaming. As with any other law, however, the UIGEA does not have jurisdiction over gambling sites that are operating overseas. If your credit or debit card is rejected during the sportsbook deposit process, don’t worry. You have not been flagged, you aren’t in trouble, and your card will still work for other purchases. If this ever happens, simply try a different card or cut the banks out of the transaction altogether by using Bitcoin or another supported cryptocurrency.
8) Do taxes need to be paid on my winnings?
Any federal taxes must be paid on all sources of income, including online gambling winnings. You can get all the information you need to include this information in your federal income taxes here. As NY has a state income tax, you will also need to claim your winnings in accordance with local recordkeeping laws.
9) If I pay my taxes, won't the government know I was gambling on sports on the Internet?
Best Bets In Sports
Due to the autonomy of the IRS, your information will be kept safe. And even then, what you are doing is not a crime to begin with, so there’s no need to worry. As long as Uncle Sam gets his cut of your winnings, he won’t complain.
10) How fast can I get my winnings from these gambling sites?
None of our top recommended gambling sites will take more than a week or two to get you your winnings, and payouts are typically much faster than that. Everything depends on the payout method you choose and the amount that has to be processed. As a general rule, for same-day payouts, Bitcoin and other cryptocurrencies are the way to go. If you opt for a courier check, money order, or bank transfer, however, you can expect to wait a week or so in most cases.