The Best Basketball Betting Sites New York

BetRivers

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Why Play at the Best New York Basketball Betting Sites

All of the top basketball sports betting sites NY that have been featured on this page have earned a license from the New York State Gaming Commission. This ensures that they’re safe, legal, and legitimate, and offer the best quality betting products on the market. Whether you’re after fair odds or live streaming, you’ll find it here.

The Best NY Basketball Online Sports Betting Sites

Without wanting to waste your time, we’ve kicked off this guide by highlighting the top five NY basketball betting sites. In each description, we’ve covered important details about the site, such as its sports options, platforms, rewards programs, and welcome bonuses. As long as you’re over 21 years old, you can join these right away.

BetMGM

The BetMGM sportsbook is the most popular online betting site in the USA for good reason. As the affiliated betting site of MGM Resorts, you can expect some of the best odds for NBA and college basketball. As the first sportsbook to partner with the NBA, you can even stream live games through its NBABet Stream service.

Its desktop and mobile platforms are reliable and functional, and you’ll find basketball odds that have been informed by official league data. There are frequent promotions for returning users during the regular season, and its MGM Rewards program awards your regular spending with real-life perks.

BetRivers

Of all of the sportsbooks on this list, BetRivers has the broadest selection of sports to wager on. In addition to basketball, you’ll find 16 other sports categories. In addition to the NBA, you’ll also be able to wager on men’s and women’s college sports, the WNBA, and the Australian NBL basketball league.

The site also provides one of the most generous welcome bonuses in the form of a $100 bonus bet. It’s website is easy to navigate, and newcomers will have no trouble building bets. It also has a high-quality live sportsbook, with a responsive bet slip ensuring fast and stable bets.

FanDuel

FanDuel is one of the best NY betting sites for basketball. It offers a first-time bonus bet up to $1,000, which is a truly generous offer that cannot be overlooked. This can be wagered on all basketball events that meet the minimum odds requirements, including the NBA, WNBA, and college divisions.

Of all of the sportsbooks featured in this guide, the FanDuel platform is perhaps the most beautiful. You can download a native app to make pre-match or live wagers on the go, and there are many payment methods supported for easy transactions. You can also access its DFS platform with your sportsbook account.

Caesars

The Caesars Sportsbook promises the same quality that you’d expect from its iconic casino venues, with its sports betting features provided by William Hill. There are over a dozen sports to wager on at this site, with several leagues available for basketball in addition to the NBA.

There are a plethora of markets and competitive odds, with its live sportsbook offering streams of several sports such as the NFL. It has a top rewards program for regular users and a welcome bonus for first-time customers too. It’s incredibly easy to build bets, whether they be single moneylines or complex parlays.

DraftKings

We strongly recommend that you use DraftKing to bet on basketball games in New York. DraftKings is one of the most beloved brands when it comes to sports gambling, having established itself over a decade ago with its popular daily fantasy sports platform. As an official partner of the NBA, you will find accurate and competitive odds here.

As well as its welcome bonus, there are also frequent promotions for NBA and college games, especially during the March Madness tournament. It offers a high-performance app for Android and iOS users, and it has a broad selection of alternative sports to wager on when the basketball season is on break.

About Welcome Bonuses

If you’ve never held an account with one of our featured sportsbooks, you’ll be entitled to receive a welcome bonus. These come in various forms, though usually include deposit match bonuses or bonus bets. However, these do not equate to real money, and you’ll need to meet certain requirements first.

For instance, you’ll need to meet the minimum deposit requirements, as well as minimum odds requirements when you use your bonus. Some sports may be restricted too, though this won’t apply to NBA games. Be sure to always read the terms and conditions and meet any requirements before the validity period expires.

Top Local NY Basketball Teams and Players

We expect that most of our New York readers will be interested in backing local teams. While there are restrictions when it comes to which college divisions you can wager on, you can wager on whichever New York NBA teams you wish. Below, we’ve covered your NBA player and team options for sports betting.

NBA Teams

New York’s two NBA teams include the Knicks and the Nets. While the Knicks are based in Manhattan, the Nets are based in Brooklyn. As one of the most recognizable professional league teams in the world, the Knicks are the more popular of the two. It has won two NBA Championships.

That’s not to say that the Nets are without fanfare, and both teams have inspired a storied rivalry often called ‘The Clash of the Boroughs’. The Knicks play at Madison Square Garden, while the Nets’ home arena is the Barclays Center. You can wager on any game with either team at our top sites.

Top NY NBA Players

You’ll be able to back several NY NBA players through players’ props at our top recommended sportsbooks. If you’re backing the Knicks, we suggest placing props on top players Julius Randle, Jalen Brunson, R.J. Barrett, and Immanuel Quickley. If you’re backing the Nets, place props on Kevin Durant, Kyrie Irving, and Mikal Bridges.

NCAA College Teams

There are 14 NCAA Division 1 basketball teams based at New York colleges. However, according to state law, you are unable to wager on any games that involve these teams at legal basketball betting sites in New York. This is a common law across the USA and was introduced to maintain league integrity and reduce pressure on young players.

That said, you are able to wager on games featuring out-of-state teams and players. While the betting options may not be as vast as professional league games, college basketball is an especially exciting prospect during the March Madness basketball tournament.

Mobile Basketball Betting Apps

As long as you play with our recommended sites or any of the other five licensed New York sportsbooks, you’ll be able to wager through your mobile. You can download native New York basketball betting apps for Android or Apple smartphones and tablets that provide all of the same features as the desktop platforms.

This includes pre-match and live wagering, live streaming, payments, and access to bonuses and rewards schemes. You can also create an account through your mobile app. Due to its faster pace and convenience, we strongly recommend you play through your mobile. All you need is a funded account and an internet connection and you’re good to go.

The Betting Options

You’ll have plenty of betting options available to try at our basketball betting websites NY. This is important, as a wealth of markets ensures a diverse experience. Whether you’re looking to make a single moneyline or a multi-game parlay, these are all possible. We’ve explained common basketball betting markets below.

Moneylines

A moneyline or line bet is the most common and simple betting option at US sportsbooks. This is a wager on which player or team will win, with the odds representing which is the favorite and which is the underdog. For example, if the Knicks were playing against the Celtics, you could place a line bet on the Knicks to win.

Spreads

A spread bet requires you to wager on whether you agree with the projected final point scoring of one team over another. This is essentially a handicap on the favorite team. For example, if the Knicks are a 3-point favorite against the Celtics, you can bet for or against whether the knicks will win by at least three points.

Totals

A Totals bet is a wager on if both teams will score over or under the projected total value of their points for a game. For example, if a game between the Knicks and the Celtics is projected to generate a total of 120 points, you could choose to back whether the total will actually be over or under this amount.

Prop Bets

A proposition or prop bet is a bet on an event that doesn’t particularly have to do with the final outcome of the game. These are great side bets to make alongside lines, spreads, or totals. A common prop bet may be the first player to score in an NBA game.

Futures

A futures bet is a wager on the final outcome of a series of events rather than an individual game. These are open before and during the season and function like stocks in that they can be traded and bought at any time. This could be a wager on which team will win the NBA Championship. 

Live Betting

One of the most popular ways to wager on basketball games is live betting. These are wagers on games that are happening in real time as opposed to pre-match wagers. Due to their fast pace, these games can be especially exciting, and you can receive payouts well before a game has concluded.

That said, they also benefit from prior research as it’s difficult to check pundit advice or compare odds during tense moments of games. Fortunately, our recommended sportsbooks will provide up-to-date statistics and information to inform you of the game’s progress. These are available for NBA and college basketball games.

Live Streaming

It’s common for sportsbooks to now offer live-streaming options of popular sports. You can live stream NBA games at BetMGM as long as you have an NBA League Pass or NBA TV subscription. You can view games with more angles and with helpful betting overlays for recommended wagers.

The Quality of the Odds

All of the top legal basketball betting NY platforms have partnered with official sports leagues such as the NBA to access official league data, which ensures their odds are fair and accurate. This is extremely important, as lower profit margins and favorable odds will guarantee higher payouts.

Our top sites have reasonable profit margins for NBA games as they are a popular betting option and must be competitive with alternative sites. We strongly suggest that you always commit to an odds comparison before placing pre-match wagers so you secure the best payouts. It can be helpful to hold accounts with several sites to make this easy.

The Web Platform

Another strong indicator of a satisfying user experience is the quality of the web platform. It’s important to understand your own tastes and preferences when it comes to sportsbook layouts and aesthetics before you sign up to ensure that your bet-building is seamless. Fortunately, you can check out all sportsbook lobbies without creating an account.

A site should be easy to navigate, quick to load, and responsive. This is especially important for time-sensitive bets such as live betting. These interfaces should be adapted well for mobile devices and will be intuitive to use so that you can find all account features such as your bet slip and wallet.

The Payment Methods

When you bet on basketball at our top NY online sportsbooks, you’ll have several options to make deposits into, and withdrawals from, your account. The options will differ depending on the site you are using but tend to include debit and credit cards, bank transfers, and eWallets. You’ll find all available payment options in NY below.

• Visa and Mastercard
• American Express
• PayPal
• Play+
• Bank Transfers
• Paysafecard
• Trustly
• Venmo
• PayNearMe
• Apple Pay
• Google Pay
• eCheck
• VIP Preferred
• Cash at Casino Cage

While all deposits will be instant no matter which method you use, the same cannot be said for withdrawals. The fastest methods for withdrawals are PayPal and Play+, which can take anywhere between an hour and a few days to reach your account. Please note any minimum and maximum transaction requirements for each method at your chosen sportsbook.

Safety and Online Security

In order to receive a license from the NY State Gaming Commission, sites must prove that they meet the regulator’s strict requirements when it comes to player safety and security. Both desktop and mobile platforms must integrate SSL encryption technology to protect users’ connections and transactions to the site.

All new player identities must also be verified to prevent minors, suspect users, and self-excluded people from creating an account too. Finally, the platforms must implement responsible gambling procedures to recognize potentially harmful behavior and to provide support for those who need it. All of our top sites meet these strict requirements.

Customer Support

Even the best online sportsbooks cannot guarantee that players won’t come across personal or technical issues while betting. To ensure that they can resolve their issues in a convenient and timely manner, sportsbooks will offer support through numerous contact methods, including telephone, live chat, and email.

The best service to use is live chat, as it tends to receive the quickest response times and have the widest availability. The best support is available 24/7 to ensure late-night bettors are catered to as well. If possible, we suggest referring to sportsbook FAQ pages as these can be very helpful for troubleshooting minor concerns.

How to Sign Up

Once you have chosen with NY sportsbook to bet with, you’ll be ready to create an account. To get started, head to the website of the betting site and click on the Register button. You’ll need to provide your name, email address, and contact details. Then, submit your ID for age and identity verification.

Once this process is complete, you’ll be able to make a deposit and claim your welcome bonus. You may need to enter a promo code or make a qualifying minimum deposit to trigger this. Once the money has cleared, you’ll be free to start pre-match or live betting. It’s as easy as that.

How to Bet on Basketball

Once your account is created and funded, head to the betting lobbies on your mobile or desktop device. You can either choose to make a pre-match or live wager, with the process being the same. Find the basketball category, then click on the league that interests you. You’ll find all the available events.

Within these events, you can view all markets, whether they be moneylines, totals, or spreads. Click on the odds that interest you to add them to your bet slip, then enter a stake alongside them. Alternatively, click the Parlay tab to calculate them together. Once you’ve set your stake, click to place and confirm the bet.

NY Sports Betting Laws

We can confirm that these featured sites offer legal online basketball betting NY as they have been granted licenses from the state Gaming Commission. These sportsbooks first debuted in 2022 after New York legalized online sports betting in 2021 as a part of its COVID-era state budget. 

The law was closely based on Senate Bill S17D, which was introduced in 2020 to create a legal retail and online betting market. The law allows for up to nine sportsbooks in the state. Players must be over the age of 21 years old, with sportsbook revenues taxed at a high rate of 51 percent.

Frequently Asked Questions

Are you looking for brief answers to your questions about basketball sports betting in New York? In this section, we’ve responded to common queries about the topic so you don’t have to read the whole page. We’ve covered an array of topics, from the best betting sites to the legality of sports betting in New York.