New York now has legal sports betting, although it’s not online yet. Just under a dozen upstate casinos can operate brick-and-mortar sportsbooks at the moment.

Daily fantasy sportsand horse racing are also legal — and regulated — in New York.

When it comes to sports betting laws, the situation in New York is uniquely complex. Although sports betting in New York is technically legal as law passed in 2013 decreed, federal law has prevented it from being properly realized. However, as of May 2019, lawmakers have taken big strides in moving forward with legislation to allow for a wider regulated sports betting industry, including the. If you want to bet on sports while inside the state of New York, you’ll have to visit a retail sportsbook and bet in-person. Some of these sportsbooks, such as Sportsbook 360 at Resorts World.

Read on for more information about all of the sports gaming options in the state.

Online sports betting is not yet legal in New York, but this looks to be changing in the near future. For now, only DFS can be legally bet on online. The legal gambling age for gambling in New York is 18 years old, including for DFS. To play charity gaming, there is no age limit. You will need to be at least 21 years old to place a bet in New York. You will be able to bet on both professional and college sports. The sportsbooks will be licensed and regulated by the New York State Gaming Commission. Mobile and online betting are not included in the current laws.

Recent New York sports betting and DFS stories

One of the most recognizable names in sports and sports betting could launch in New York if the state legalizes sports betting thanks to a new partnership.

Penn National Lands New York Access:Penn National Gaming (NASDAQ: PENN) and Rush Street Interactive (NYSE: RSI) signed a partnership Monday in a deal that gives Penn National and its Barstool Sportsbook possible access to the New York sports betting market if the state legalizes online sports betting and iGaming in the future.

The agreement gives Penn a 20-year deal and “second skin” access to the state of New York.

Barstool Sportsbook is now operational in Pennsylvania and Michigan. The company plans to have online sports betting in 10 states by the end of 2021.

In Michigan, Barstool jumped to third place for market share in early results for the state’s online sports betting market — and the company's brand strength may have contributed, as it spent less than others on promotional activities for its sportsbook in the state.

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Why It's Important: New York is expected to be a major state to watch in sports betting, with its huge population and the numerous professional sports teams headquartered there.

“Let me translate: WE WILL OWN NEW YORK,” Barstool Sports founder Dave Portnoy tweeted. He also tweeted later questioning how Penn National gaining access to online sports betting in New York isn’t front-page news.

Related Link: New York Represents A Huge Opportunity For Sports Betting: Here’s What Could Be Next

Rush Street Could Win In Deal: The two-way deal could make recently public Rush Street Interactive a winner as well.

The company trades skin access to Penn National and gains access to three additional states with the possibility of a fourth.

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“The addition of Ohio, Maryland and Missouri to our market access portfolio builds on RSI’s success in neighboring states and will create enhanced marketing efficiencies for our BetRivers brand,' said Rush Street President Richard Schwartz.

The company chose the states included in the deal due to their close proximity to the states of Illinois and Pennsylvania, where Rush Street has strongholds. The deal also grants Rush Street Interactive the right to first offer for a betting skin in the state of Texas.

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Rush Street Interactive will report fourth-quarter earnings on March 10.

PENN, RSI Price Action: Shares of Penn National were up 1.34% at $119.40 at last check Tuesday. Shares of Rush Street Interactive were down 8.42% at $16.42.

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