There are already five online sportsbooks live in New York. And PointsBet should be next.
The Australia-based operator is expected to be up and running in the Empire State “soon,” according to a source.
Best known for its “PointsBetting” wagering system, PointsBet NY counts Shaq and Drew Brees among its ambassadors. And it has a partnerships with NBC Sports and the PGA Tour.
With PointsBet set to launch in New York shortly, here are five things to know about the NY online sports betting operator.
1. Points Betting
PointsBet does offer traditional markets, but what makes it unique is its additional PointsBetting wagering system. As its website explains:
If your bet wins by one point (or unit), you would win 1 x your bet amount (stake). If your bet wins by 2 units, you win 2 x stake. If your bet wins by 10 units, you win 10 x stake. Conversely, if you lose by 1 unit, you would lose 1 x stake. Lose by 10 units, lose 10 x stake.
This is your friendly reminder to read the fine print if you make this type of bet. It’s risky. Make sure you know that you can handle the financial commitment — a $5 NBA bet and a 20-point loss, for example, could cost you $100 — going in.
PointsBet has a strong bonus structure. The operator does a booster for any parlay, same game or spread/moneyline, of at least three legs. It also did a free $10 same-game parlay for each Sunday Night Football Game. PointsBet also offers weekly odds boosts and promos for the specific state. So similar to DraftKings and FanDuel with recent bonuses for New York-based teams, PointsBet will do the same. So keep an eye out. And these promos aren’t just for new users, that’s what makes them stronger.
3. Customer Service
Caesars has made headlines in NY recently for its non-existent customer service. But based on what bettors in other states have said, PointsBet’s live chat is a quick way to get issues resolved. The customer service representatives are helpful and friendly.
4. Ease of Use/App Navigation
The PointsBet app is extremely easy to use and find what you want to bet on without any unnecessary hurdles. And unlike others, its app isn’t bulky or buggy.
5. Quick Payouts
PointsBet matches DraftKings and FanDuel with quick payouts after a bet closes. And the same is true if you want to withdraw money into your bank account, based on the option you choose to use.
Now that PointsBet is set to join the NY online sports betting market, it serves as another strong and viable option for New York sports fans and bettors.