Overview: Gambling in New York
Highest sports betting handle in US. 51% tax rate — operators barely profitable. Online casino legislation pending. Major opportunity if casino legalizes (est. $1B+ market). The New York State Gaming Commission (NYSGC) oversees all gambling operations in the state.
Online Sports Betting in New York
Online sports betting has been legal in New York since 2022. There are currently 8 licensed sportsbook apps operating in the state. The state taxes operators at 51% of gross gaming revenue.
Online Casino Gambling in New York
Online casino gambling (slots, blackjack, roulette, poker) is not legal in New York. Online casino legislation has been considered but has not passed.
Tax Requirements for Gamblers in New York
All gambling winnings are subject to federal income tax as ordinary income. You should report net gambling winnings on your federal tax return. Sportsbooks and casinos may issue W-2G forms for significant winnings. Keep records of your gambling activity — wins and losses — throughout the year. New York residents should also check state income tax rules for gambling winnings.
Responsible Gambling Resources in New York
Problem gambling is a serious issue. If gambling is impacting your life or relationships, free confidential help is available:
- National Problem Gambling Helpline: 1-800-522-4700 (call or text, 24/7)
- National Council on Problem Gambling (ncpgambling.org)
- New York Self-Exclusion: NY OASAS / Gaming Commission Self-Exclusion