Legal online sports betting in New York is set to launch in January 2022, just a few months after the NFL playoffs. Four operators and platform providers have been approved by the state gaming commission. While the sports wagering industry in New York is estimated to be worth $1 billion in 2020, the market will grow six-fold by 2023. In addition, the US Supreme Court overturned the 1992 Professional and Amateur Sport Protection Act, legalizing sports betting in New Jersey.
With New York State legalizing online sports betting, the industry is on the cusp of a windfall. In the state of New York, all betting has been restricted to upstate casinos, but that is about to change. The legislature recently passed a bill allowing sports betting for mobile and online use. Currently, New York only offers online gambling to its residents, but the state is planning to legalize it. If you’re an avid sports fan, you can sign up at a licensed online sportsbook today.
Once you’ve registered, you’ll need to deposit money into your online betting account. Once you’ve made a selection, you’ll need to choose the sport, league, and country to bet on. After you’ve chosen your teams, you can begin placing bets. Once you’ve placed a bet, you’ll need to choose the event you want to wager on. Once you’ve selected your favorite teams, you’ll see the odds on the different sports.