- Retail sportsbooks have been the only option for New York sports bettors since 2019
- Wagering on your favorite games with a betting site or mobile app brings unmatched convenience
- Online New York sports betting is expected to launch in late 2021 or early 2022
The long wait for online New York sports betting is almost over, as mobile wagering will arrive in the Empire State in just a matter of weeks.
While New Yorkers have been able to wager in-person at retail sportsbooks since 2019, online sports betting has numerous advantages that fans have been missing out on. New York is poised to become a massive sports betting market when mobile wagering launches, thanks in large part to the superior convenience afforded by betting sites and sportsbook apps.
Let’s get into the reasons why online New York sports betting will make wagering in the Empire State more enjoyable.
Why Is Online Sports Betting a Superior Option in New York?
There are multiple reasons online New York sports betting is a superior option for fans looking to wager in the Empire State. We’re going to focus on four particular reasons that mobile wagering is going to be a gamechanger for New York:
- More betting options
- Line shopping
- Betting handle and state revenue
Let’s go through each of these points to get a better understanding of why these are advantages that favor online sports betting in New York.
1. Convenience of Online New York Sports Betting
It doesn’t take much explaining to convince someone why online sports betting is more convenient than visiting a retail sportsbook location. This is especially true in a state like New York, where there are only a handful of brick-and-mortar shops scattered across the state.
New York Retail Sportsbook Locations
|New York Sportsbook||Retail Locations|
|FanDuel New York||Tioga Downs Casino Resort (Nichols, NY)|
|DraftKings New York||del Lago Resort & Casino (Waterloo, NY)|
|BetRivers New York||Rivers Casino & Resort (Schenectady, NY)|
|Caesars Sportsbook New York||Turning Stone (Verona, NY), Yellow Brick Road (Chittenango, NY) and Point Place (Bridgeport, NY) Casinos|
Saving a long trip to one of these in-person wagering locations in favor of wagering from the comfort of your couch is obviously more convenient.
2. More Betting Options Gives You an Inside Edge
Rookie sports bettors might be surprised to learn that retail sportsbook locations typically offer fewer sports and events to wager on. Even the types of bets you can make tend to be more limited than what you’ll find on betting sites and mobile apps.
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Retail sportsbooks tend to limit the action to major pro and collegiate sporting events. You’d be hard pressed to wager on an obscure Russian table tennis match at one of these locations.
You might also have a tough time making complex parlays or in-depth props and futures bets at these in-person locations. When it comes to online sports betting, the types of bets you can make and the events you can wager on are virtually limitless.
3. Line Shopping Is Easier with Mobile Sports Betting
Shopping for the best odds at different sportsbooks is a crucial part of being a successful sports bettor, and this simply isn’t an option at retail sportsbooks.
Finding the best odds can have a huge impact on padding your bankroll. A successful $100 wager on +140 odds vs +120 odds is a difference of $20 in additional winnings, which is 20% of your initial stake.
You’ll typically find discrepancies like this when you’re line shopping between multiple online sportsbooks. Not being able to do this at a retail location is a glaring disadvantage for in-person betting, as you must wager on whatever odds they’re offering at that particular location.
4. Betting Handle and the New Jersey Effect
Last but not least, online sports betting is going to be massively beneficial for New York state revenue.
New Yorkers have been traveling into nearby New Jersey to take advantage of everything mobile sports betting has to offer up to this point. When you compare the sports betting revenue collected in each state, it’s obvious New Jersey has been sapping funds from New York.
NY and NJ Sports Betting Revenue October 2021
|State||Month||Sports Betting Revenue|
|New York||October 2021||$1,718,614|
|New Jersey||October 2021||$84,152,035|
With a population of just over 20 million, the state of New York has twice as many residents as New Jersey, and New Jersey is still blowing them out of the water in terms of revenue. New Yorkers crossing the border into the Garden State is a huge part of this discrepancy, and the Empire State is missing out on a ton of revenue because of it.
When I asked Sen. Addabbo how he felt about New Jersey topping $1 billion in handle for September he said this.
“I felt agita. I was aggravated, because as I see it 25% of that is New York money.”
— RLinnehanXL (@RLinnehanXl) November 10, 2021
Once online sports betting launches in New York, the state will start to benefit from massive betting handles each and every month. This will create a healthy industry that can thrive for many years to come.
New York Online Sports Betting Set to Get Underway Before the Super Bowl
Now that we’ve established online sports betting is going to be a gamechanger for fans in New York, all that’s left to do is play the waiting game.
An official launch date hasn’t been announced, but all signs are pointing to a go-live date in the coming weeks. In any event, New Yorkers will be able to wager on their mobile devices at Super Bowl parties this year, as the state wants to accept the first online bets during this year’s NFL playoffs.
There’s a chance online New York sports betting could launch before the end of the year, so stay tuned to Sports Betting Dime for all the latest news and analysis.