TOP NEW YORK SPORTSBOOK PROMOS & BONUSES

1. What Type of Sportsbook Promos are Available in New York?

NY sports bettors can take advantage of various types of sportsbook promos to maximize their betting profits. Some of the most common include:

1. Free Bets: When you place an initial bet, the sportsbook rewards you with bonus site credit. This incentive is commonly used to attract new users. E.g. 'Bet $5 get a $150 free bet. 
   
   Also Known As: Bonus bets, welcome bonus, free plays, "bet x get x" offers.
   
   
   
2. Risk Free Bets: With risk-free bets the sportsbook refunds your stake if your bet loses (usually in the form of a free bet). E.g. a sportsbook offers a $100 risk free bet, if you wager $100 and win, you take the winnings. If you lose, you are refunded your $100.
   
   Also Known As: No sweat bets, second chance bets, first bet insurance.
   
   
   
3. Deposit Bonuses: With a deposit bonus, the sportsbook will offer an additional percentage bonus on top of your initial deposit amount. E.g. if the offer is a 50% deposit bonus and you deposit $100, the sportsbook will offer you an extra $50. 
   
   Also Known As: Deposit Matches.
   
   
   
4. No Deposit Bonuses: As the name suggests, no deposit bonuses don't require a deposit to be gifted. E.g. with a $300 no deposit bonus, after you sign up the sportsbook will immediately fund your account with $300 (usually in free bets). 
   
   Also known As: No deposit cash.
   
   
   
5. Reload Offers: Unlike welcome bonuses, reload offers can be offered to existing sportsbook customers. Coming in many forms, from free bets to enhanced odds, they provide continued value and incentives to encourage bettors to keep engaging with the sportsbook.
   
   Also Known As: Ongoing offers, reload bonuses.
   
   
   
6. Profit Boosts: Profit boosts provide a percentage increase to a person’s profits on a wager should they win. For example, if the sportsbook adds a 50% profit boost to a game and you earn $100 profit from it, the sportsbook will up your profit to $150. 
   
   Also Known As: Cash boosts.
   
   
   
7. Odds Boosts: With odds boosts, the sportsbook enhances the odds on a certain bet (usually a prop bet). This enables bettors to earn higher winnings from the same stake. E.g. Houston Astros & Colorado Rockies both to win, was +190, now 240+. 
   
   Also Known As: Enhanced odds, price boosts. 

2. Which Sportsbooks in New York Offer Promos?

There are currently nine sportsbooks available to online bettors in New York. Here are 4 sportsbooks which offer promos to new and existing customers.

1. FanDuel
   
   
2. BetMGM
   
   
3. Caesars
   
   
4. DraftKings

3. When was Sports Betting Legalized in New York?

Sports betting was legalized in New York on June 10, 2019 and the first legal in-person sports bets in NY were placed the following month. This landmark decision came after years of discussions and debates surrounding the expansion of sports gambling in the state. 

Online sports betting was later legalized in April 2021 as part of the state's budget, and the first online sportsbooks went live on January 8, 2022.

With the legalization, residents and visitors of New York gained the opportunity to engage in legal sports betting activities both in-person at licensed casinos and online through authorized platforms.

4. Who Can Access New York Sportsbook Promos?

Anyone physically located within the borders of New York state can access and take advantage of sportsbook promotions offered by various operators. This means that both residents and non-residents can claim these promos, provided they are within the state's boundaries. That’s right! Even if you’re on vacation in NY or just passing through, you can make use of the sportsbook promos on offer.

And what’s more…The same rule applies to all U.S. states where online sports betting is legal. As long as you are physically present in the state, you can participate in promotions and potentially earn money from New York sportsbook promos.

5. Which States Close to New York Have Sportsbook Promos?

While New York offers legal online sports betting, it's worth noting that neighboring states also provide similar opportunities that you can make use of. Here are five states close to New York where online sports betting is legal:

1. New Jersey: Just across the Hudson River, New Jersey has a thriving sports betting market with numerous sportsbooks offering attractive promos. state offers a range of sportsbook promos and has a thriving sports betting market.
   
   
2. Pennsylvania: To the west of New York, Pennsylvania boasts a robust online sports betting industry, providing a range of promotions to bettors.
   
   
3. Connecticut: Located to the east, Connecticut recently legalized online sports betting, opening the door to exciting promo offers.
   
   
4. Rhode Island: With its proximity to New York, Rhode Island is another state which offers sports betting promotions.
   
   
5. Massachusetts: With online sports betting legalized in 2023, Massachusetts is on the list of states neighboring New York which offer sportsbook promos.

6. What are New York Sportsbook Promo T&Cs?

When participating in New York sportsbook promos, it's important to be aware of the terms and conditions (T&Cs) associated with these offers. Here are 10 common T&Cs you may come across:

1. Expiry Date: Promos often have a specific timeframe within which they must be claimed or used.
   
   
2. Wagering Requirements: Some promos may require you to wager a certain amount before you can withdraw any winnings.
   
   
3. Minimum Odds: Certain promos may only apply to bets with minimum odds, so be sure to check the requirements.
   
   
4. Restricted Markets: Promos may have restrictions on certain sports or events where they can be used.
   
   
5. Maximum Bet Limits: There might be limits on the maximum bet amount you can place using the promo.
   
   
6. Payment Method Exclusions: Certain payment methods may be excluded from qualifying for the promo. If you use one, you may forfeit any winnings.
   
   
7. Promo Code: Some promos require specific promotional codes to be entered during the registration or deposit process.
   
   
8. One-Time Use: Certain promos can only be used once per customer or household.
   
   
9. New Customers Only: Similarly, some promos are exclusive to new customers and may not be available to existing users.
   
   
10. Additional Eligibility Criteria: Promos may have additional eligibility criteria, such as age restrictions or location requirements.

7. What Sports Betting Resources are Popular in New York?

New York sports bettors have access to various popular resources, websites, and media outlets that provide valuable news and advice. Some of the popular sports betting resources in New York include:

• New York Post: The sports section of the New York Post covers local and national sports, including betting-related news and analysis.
  
  
• New York State Gaming Commission: Regulates all aspects of gaming activity in the State, including horse racing and sports wagering.
  
  
• The Sports Gambling Podcast: Another popular podcast for Vermont sports bettors, the Sports Gambling Podcast is one of the longest-running and highest-ranked sports betting podcasts in the US, having kicked off in 2011. 
  
  
• Barstool Betting Picks: Barstool's dedicated picks section is a good place to start for anyone looking to sharpen their betting knowledge. Plus, for a more playful take on trending picks, you can listen to their regular podcast, Barstool Pick 'Em. 
  
  
• The American Gaming Association: The AGA is the official hub of state-by-state sports betting laws and legislation in the US. So whilst it might not be the most entertaining resource to check in on, it's definitely one of the most useful. 
  
  
• ProfitDuel: The US's number 1 resource for finding, ranking and helping convert sportsbook promos into guaranteed cash, every New York-based sports bettor can benefit from ProfitDuel's industry-leading software. 
  
  

8. How Do We Rate and Review New York Promos & Bonuses?

Our team of sports betting experts have racked up decades of experience sourcing and converting sportsbook promos across the US and Europe. Using their industry know-how and the latest promo comparison software, they analyze, rate and rank the top bonuses in each state so you don't have to.

Six of the most important factors they consider when rating promos are: 

• Maximum Bonus Value: While higher amounts are appealing, bigger isn't always better, as larger bonuses can be more difficult to obtain.
  
  
• Personal Investment: Most bonuses require a minimum deposit or wager to activate.
  
  
• Ease Of Use: In most cases bonuses are pretty easy to claim - often requiring a small deposit to unlock. However, some promos have slightly more complex rules.
  
  
• Playthrough Requirements & Odds Restrictions: Typically, bonuses cannot be immediately withdrawn as cash; you must wager the bonus amount a certain number of times first.
  
  
• Bonus Expiry Date: It's important to know how long you have to use the bonus funds and whether that timeframe is sufficient.
  
  
• Additional Perks: Some bonuses include extra rewards points or bonus spins at the sportsbook's casino.

However, whilst we'll do everything possible to share with you the best sportsbook promos in your state every month, it's important to also remember the risks that can come with these bonuses. 

9. Are There Any Risks Attached to Sportsbook Promos in New York?

While claiming sportsbook promos can be a great way to maximize your betting profits in New York, it's crucial to be aware of their potential risks.

Four of the most notable risks attached to promo offers are: 

• No Guaranteed Winnings: Whether it's a $150 free bet, a $1,000 risk free bet or a 50% deposit bonus, if you place your bonus credit on a losing bet you will still come away with no more cash than when you started.  
  
  
• Risk of Losing Money: One of the most common ways bettors lose money through promos is through risk free bets. Let's say you're gifted a $500 risk free bet and you place your $500 on the losing side of a game, you won't be refunded with $500 of withdrawable cash, but instead $500 of site credit (often in the form of a free bet). Place this free bet on the losing side and you've just lost $500 to the sportsbook. 
  
  
• Limited Number of Sign-Up Bonuses: While sign-up bonuses can be generous, you can only ever receive one sign-up bonus from each sportsbook (when you first create an account). This means that there's only a set number of sign-up bonuses available to each user. As a result, relying purely on these may not be a sustainable long-term plan.
  
  
• Misuse of Promos: Certain promos have more complex rules and often hidden T&Cs. As a result, if you go into them without proper guidance and support you can risk reducing the amount of overall profit you earn, or worse, lose money.

But it isn't all doom and gloom. There is one way you can guarantee profits from sportsbook promos risk-free, every time.

Sound too good to be true? Read the next section. 

10. How to Guarantee Profit from Sportsbook Promos & Bonuses

While it's true risks can arise when claiming sportsbook promos, one clever technique exists that can remove them and guarantee you profits from promos every time.

Promo conversion (A.K.A matched betting), is a fully legal, super simple (with the right platform) method of turning sportsbook promos into guaranteed cash.

Simply put, it involves betting on one side of a game to qualify for a sportsbook promo, then betting on the other side to cover both outcomes and remove the risk. Repeat this process using your new promo and voila! You've locked in a guaranteed profit. 

And while this sounds simple on paper, to earn serious monthly profits with this technique you need rapid odds-matching software, an up-to-date promo database and tailored instructions for converting each offer at your disposal. 

That's where we come in.

At ProfitDuel we have over 10 years' experience in the matched betting industry. In that time we've provided the software, strategies and one-to-one support to help 500,000+ members in the US & Europe earn guaranteed profits in the $1,000s each month. 

To learn how you could join them, read the 5 simple steps in our free guide to converting sportsbook promos. Done that and want to try promo conversion yourself? Sign up to ProfitDuel with our limited time offer: 50% off your first month of ProfitDuel!