Are online casinos legal in NY?
As of right now, no, online casino is not legal in the state of New York. Only online sports betting is legal, but we expect online casinos to become legal in NY soon.
The New York State Gaming Commission has been issuing online sports betting licenses ever since April 2021, so if that’s any indication, we might see online casinos being given actual licenses in a year or two.
Which types of casinos are legal in NY?
While online casinos aren’t yet legal, you will find casinos called social casinos and traditional land-based ones. Let’s start with land-based casinos. What are they? Well, they’re exactly what they sound like; you can walk into casinos with a physical establishment and play your favorite casino games.
Social casinos have a land-based establishment but offer online action through an online platform. The games you’ll find will be based on the same games you’ll find at their land-based counterparts.
All of the games you’ll find at social casinos are all FREE. Since you’re not betting anything, social casinos in NY are legal.
What online casinos will be available once legal?
Since no online casino licenses have been given out yet, we can only show you which casinos currently have a sports betting license and might also get an online casino license like in other legal states:
Real-money online casinos vs. Land-based Casinos
| Online Casinos | Land-based Casino |
|---|---|
| Bigger game offer | Limit by space game offer |
| The convenience of gambling at home | Parking cost |
| Regular special offers | Limited promotions |
| Play for free before you risk (in demo versions) | No free tests |
What games will be available at online casinos in New York?
Online poker real money in New York
Poker is one of the top favorites for online casino players. Different variants may be available in the market, similar to PA and NJ.
Remember that it is currently illegal to play online poker in New York.
Online slots for real money in New York
Once online casinos are legalized in NY, you’ll have so many online slots to choose from. Since online casinos became legal in the US, we’ve seen remarkable updates in designing and developing slots—something to look forward to.
Live Casinos Games
Live casino games are popular for a reason. They offer an immersive experience that players sometimes need. You can focus on real-time strategies and interact with other players. If you’re looking to try some live casino games, the best ones come from Evolution.
Other table games for real money
Don’t forget about blackjack, baccarat, roulette, and craps! Once online casinos get legalized and regulated in NY, you’ll have many games to choose from.
Are Casino winnings taxable in New York?
In the US, all casino winnings are taxable. Remember that it’s always best to report all your winnings to the IRS since everyone can be audited. If you’re unsure how much you need to report, that’s what the W-2G form is for.
For more information, visit the IRS site to get all the applicable rates.
Table of NY Gambling tax rates
| Income | Tax Rate |
|---|---|
| Up to $8,500 | 4.00% |
| $8,501 – $11,700 | 4.50% |
| $11,701 – $13,900 | 5.25% |
| $13,901 – $21,400 | 5.90% |
| $21,401 – $80,650 | 6.09% |
| $80,651 – $215,400 | 6.41% |
| $215,401 – $1,077,550 | 6.85% |
| Above $1,077,550 | 8.82% |
Conclusion
Remember that online casinos aren’t legal in New York yet, so we’ll be sure to update this page when the regulations set out by the New York State Gaming Commission are set out.
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