The New York state legislature voted to legalize online sports betting in April 2021 and have the plan to open their doors to sportsbooks. However, they face several hurdles. For example, the state’s high tax rate on online sports betting operators could lead to a $500 million annual deficit by 2025. Moreover, the state has a $15 billion budget deficit due to the coronavirus pandemic. To avoid this problem, the state has decided to legalize online betting in April 2021.
To be safe while online betting, it is important to bet with reputable sportsbooks. Always read reviews about sportsbooks. There are plenty of people who have been ripped off by shoddy sportsbooks, so make sure to look for one that has great customer service. Furthermore, be aware of the potential for scams – online betting involves remote banking, so make sure to read customer reviews thoroughly. If possible, try to find sportsbooks with good customer service.
The best sportsbooks offer welcome bonuses that include real cash or free bets for new customers. The best sites also offer ongoing value through promotions, boosted odds, contests, and loyalty programs. While deposit match bonuses and boosted odds are the best deals for high rollers, all bettors can benefit from these offers. However, it’s important to note that you should read the terms and conditions of any online betting site before betting. For example, if you want to play at home, boosted odds will come in handy.