New York sports betting bonuses are mere months away. Current applicants for online sports betting licenses will receive approval as soon as December 2021, which would put the launch some time between then and the 2022 Super Bowl.
The five applicants include Kambi Group, FanDuel, bet365, FOX Bet, and theScore Bet. Two licenses will be granted, and each selected platform will launch a minimum of four sports betting apps, known as “skins.”
For now, sports bettors can enjoy retail sports betting in New York. Retail locations do not typically have bonus offers. Another option is to cross the border into New Jersey or Pennsylvania, where online sports betting is alive and well and includes many bonus offers.
All Upcoming Online Sports Betting Bonuses In New York
While five companies applied for licenses, Kambi included seven skins in its application and FanDuel included four. FOX Bet, theScore Bet, and bet365 applied without additional skins in their application.
With that in mind, here are the 14 potential online sports betting bonuses heading to New York State:
- DraftKings Sportsbook – 20% deposit match up to $1,000 + $50 free bet
- BetMGM Sportsbook – $1,000 risk-free bet
- Caesars Sportsbook – $500 to $5,000 risk-free bet
- BetRivers – 100% deposit match up to $250
- Sugarhouse Sportsbook – 100% deposit match up to $250
- FanDuel Sportsbook – $1,000 risk-free bet
- WynnBET – $1,000 risk-free bet
- PointsBet – $2,000 risk-free first two bets
- Bally Bet – $550 risk-free bet
- Barstool Sportsbook – $1,000 risk-free bet
- bet365 – $500 first-bet match
- Fanatics Sportsbook – No bonus announced
- FOX Bet – $500 risk-free bet
- Resorts World – $250 risk-free bet
- theScore Bet – $500 risk-free bet
Best Online Sports Betting Bonuses In New York
DraftKings is easily one of the most popular online sportsbooks in the US for offering competitive odds, tons of promotions, and an extremely reliable app for both iOS and Android. It is also available directly via a web browser. It consistently leads the way in terms of innovation and overall quality, making it a welcome addition to the sports betting market in New York.
If you’re looking to receive the biggest possible deposit bonus, DraftKings is your spot. While BetRivers doubles your deposit and DraftKings matches it by 20%, it allows for bonus credits up to $1,000, the most of any online sportsbook.
FanDuel and DraftKings set aside competition to join forces in a bid for a sports betting license in New York. Due to their unmatched presence in US sports betting, they’re both a likely addition.
BetMGM has a near-perfect rating in Apple’s App Store for delivering an extremely reliable betting experience. It also has some of the best promotions in online sports betting, including the ongoing Parlay Plus offer, where bettors can boost 7-leg parlay by 40%. But even a 4-leg parlay is boosted by 10%.
BetMGM, along with DraftKings and Bally Bet, is part of FanDuel Sportsbook’s bid for an online betting license in New York. That’s a powerful coalition that makes it a likely online sportsbook in the state.
Caesars Entertainment acquired William Hill and rebranded to Caesars Sportsbook in August 2021. It is now present in most states with legal online sports betting. With its many domestic and international competitions, this is an app suited for all types of sports bettors.
In states where it’s already present, Caesars Sportsbook typically offers a $500 risk-free first bet. However, it offered a $5,000 risk-free bet immediately after the rebrand from William Hill. It stands to reason that it will do something similar when it launches in New York. It’s something sports bettors should definitely watch out for because it’s the biggest risk-free bet offer in US online sports betting.
Caesars Sportsbook is part of Kambi Group’s bid for a sports betting license. It boosts Kambi’s chances even further than its name recognition due to its existing business partnership with the Oneida Indian Tribe. Brick-and-mortar Caesars Sportsbooks are housed in three Oneida casinos: Turning Stone, Point Place, and Yellow Brick Road.
The NYS Gaming Commission is giving bonus points to applicants that pitch revenue-sharing with Native American tribal communities. Caesars Sportsbook likely has a serious head start in that department.
BetRivers is a popular sportsbook brand in the United States – and it’s mainly because it offers the best welcome bonus in sports betting. Rather than offer a risk-free bet, BetRivers simply doubles your first deposit up to $250. Best of all, you only have to wager the deposit and bonus amount one time to withdraw, the best terms and conditions around.
Rush Street Interactive, which owns BetRivers, is part of Kambi Group’s bid for an online sports betting license in New York. Kambi is a strong applicant, so BetRivers will likely be available in New York in the near future.
FanDuel has strong odds on underdogs and mid-tier futures odds. So, it’s a worthwhile online sportsbook for New York bettors to consider if they haven’t already tried it in New Jersey. Its $1,000 risk-free bet only refunds the first bet, so bettors are encouraged to bet big from the beginning.
FanDuel Sportsbook’s application included DraftKings, BetMGM, and Bally Bet as part of the bid. That gives it a high likelihood of selection by the NYS Gaming Commission.
WynnBET New York
WynnBET announced a partnership with the New York Jets which means it will also open a luxury lounge at Met Life Stadium. This could be a good indication of a WynnBET mobile sportsbook launching in New York when apps go live.
WynnBET is backed by the luxury Wynn Resorts brand. Bettors will enjoy the $1,000 risk-free bet offer and competitive odds.
PointsBet offers a unique type of betting. It offers standard fixed-odds wagers, but it also offers Points Betting. Bettors can win exponentially more money by making a precise prediction about point spreads and point totals. However, bettors risk more money too, so this is for risk-seeking bettors only.
PointsBet also offers two risk-free bets. One is a $500 risk-free bet on a standard fixed odds bet. The other is a $1,500 risk-free bet on a Points Bet. That’s one of the more lucrative risk-free bet offers in US sports betting.
If Kambi Group receives a sports betting license from the NYS Gaming Commission, PointsBet will be one of the skins, giving New York bettors access to two risk-free bets – and all the other promotions that this top-tier online sportsbook has to offer.
Types Of Sports Betting Bonuses In New York
Bettors will find a bedrock of standard bonuses in New York.
New player bonuses are exclusive to new bettors. Welcome bonuses entice new bettors to sign up for sportsbook accounts with specific sportsbooks. Ongoing bonuses offer promotions throughout the year, giving regular sports bettors many betting options. And some sportsbooks offer loyalty or VIP programs to reward high rollers.
But understanding what to do with these wagers is important too. Here’s what bettors need to know.
Risk-free bets are one of the two most common types of bonuses. They’re particularly useful welcome bonuses because the dollar amounts bettors can redeem can be high. For example, BetMGM and FanDuel offer a $1,000 risk-free bet. As we’ve seen, bettors have to use their first wagers to cash in on this bet. That’s a common condition among risk-free bets. So, bettors have to make their first wagers with this bonus in mind.
Bettors may also see smaller risk-free bets on events throughout major sports seasons, which will be available to existing members rather than new signups. These risk-free bets may not be more than $25 or $50, but they’ll reward bettors for taking risks. A common condition may be to award bettors a small risk-free bet for betting a certain amount of money on a certain sport or league in a set time frame.
Deposit bonuses are the other common bonus type. It’s also often used as a welcome bonus, as we saw with DraftKings. Deposit bonuses have two parts to them. The first is the match rate. That tells bettors how much they have to deposit or wager to get $1 in bonus credit.
For example, DraftKings offers a $1,000 deposit bonus at a 20% match rate. For every $25 wagered, bettors receive $1 in bonus credit, which is effectively a 5x wagering requirement. At BetRivers, the offer is a $250 deposit bonus at a 100% match rate. Bettors only have to wager $1 to get $1. So, even though BetRivers offers less, more bettors are likely to redeem BetRivers’ full value than DraftKings’ bonus.
Deposit bonuses are usually limited to welcome bonuses. They’re rare for ongoing bonuses.
No-deposit bonuses are the closest thing to free cash that sportsbooks offer. They’re small amounts of site credits awarded to bettors for signing up for sportsbooks. They’re usually not more than $50, and they’re often not even that much. For example, Barstool Sportsbook offered a $10 no-deposit bonus just for signing up.
How To Claim Online Sportsbook Bonuses In New York
Online sports betting is still a few months away in New York. However, bettors should know how to claim them before they’re flooded with sportsbook advertisements.
Claiming online sportsbook bonuses begins with selecting a sportsbook. Usually, that means searching the app store or browsing different sportsbook websites to decide which has the best welcome bonus or other features that set it apart. Bettors can find sportsbooks on websites in-browser. so if bettors don’t want an app, then they can keep their sports betting on their computers.
However, selecting a sportsbook also means differentiating between sportsbook apps and daily fantasy sports apps. Some sportsbooks have separate apps for each service, and bettors need to make sure they’re selecting the sportsbook app. Further, some sportsbooks have one app while others have different ones for each state. Bettors should make sure that they select the New York version of the app.
From there, downloading the app is straightforward. iOS users can download their apps from the App Store. The Google Play store just recently allowed gambling apps so not all online sportsbooks are available. Instead, the app may need to be downloaded directly from the sportsbook’s website rather than the Google Play store.
After the app is downloaded, bettors can register their accounts. Many welcome bonuses come with a promo code. The box to enter that promo code is usually on step one or step three of the registration process. If bettors have promo codes, then they’ll use them during registration.
Remember: always read the terms and conditions before opting into a promotion. You’ll need to know the minimum odds for an eligible bet, the wagering requirements for a deposit match bonus, and so on. Welcome bonuses and promotions are optional, and bettors can simply disregard the offers and get right to betting.
New York Online Sports Betting FAQs
21. The minimum age for online sports betting in New York will likely be 21 years old. That’s the standard across most states with legal online sports betting. However, most Native American casinos in New York allow bettors 18 and up to bet on sports and casino games. You can call ahead to make sure.
Yes. Bettors can sign up for as many licensed sportsbooks as they like. There’s nothing wrong with having accounts at multiple sportsbooks. It allows bettors to shop around for the best odds, which is something that sportsbooks are prepared for.
Playthrough requirements vary depending on the sportsbook and the type of bonus. Playthrough requirements ensure bettors wager at sportsbooks to redeem bonus credits. The DraftKings deposit bonus has a 5x playthrough rate for its welcome bonus while BetRivers has a 1x playthrough. Read the terms and conditions of the bonus offer before opting in to make sure you agree with the stipulations.
Bonus abuse is making multiple accounts at the same sportsbook to cash in on a big welcome bonus multiple times. From the sportsbook’s point of view, it’s not terribly difficult to catch. Different social security numbers sending welcome bonus money to the same card or bank account is an easy pattern to catch. But few bettors are sophisticated enough to create multiple accounts, much less trick sportsbooks out of their bonus money.
DraftKings offers a $1,000 deposit bonus at a 20% match rate. Bettors deposit however much they can to set how many bonus credits they’re eligible for. Then, bettors have to wager to unlock those credits. They’ll get $1 for every $25 they wager, which means you’d need to deposit $5,000 to receive the full amount. The minimum is $5.
FanDuel offers a $1,000 risk-free bet as a welcome bonus. Bettors have to place their first wager on a qualifying bet and either win or lose. If they win, then they get their winnings and no bonus credits. But if they lose, bettors get a betting credits equal to the amount of money they wagered, up to $1,000.