FanDuel and DraftKings are the two busiest New York sportsbooks by handle, but they are not identical products — and which one suits you depends on how you bet, not just which logo you recognize.
How Do FanDuel and DraftKings Compare Side by Side in NY?
| Feature | FanDuel NY | DraftKings NY |
|---|---|---|
| Licensing regulator | New York State Gaming Commission | New York State Gaming Commission |
| Welcome offer structure | Bonus bet format (exact amount varies) | Bonus bet format (exact amount varies) |
| Bonus bet expiry | 7 days from issuance | 7 days from issuance |
| Standard spread odds | -110 each side | -110 each side |
| PayPal withdrawals | Same day to 24 hours | Same day to 24 hours |
| ACH withdrawal time | 3–5 business days | 3–5 business days |
| Minimum withdrawal | $10–$20 (operator-dependent) | $10–$20 (operator-dependent) |
| NY college team betting | Prohibited by NY law | Prohibited by NY law |
Both operators are fully licensed under the New York State Gaming Commission, and both enforce the same minimum age (21+) and geolocation rules. Neither can let you bet on NY-based college teams like Syracuse or St. John's — that ban is a state law, not a choice either app makes on its own.
Which App Has Better Odds in New York?
On a standard spread market, both apps open at -110 per side, which implies roughly a 4.5% margin. Where they diverge is on specific markets — player props, live lines, and same-game parlays — where one app may price a line a few cents better than the other on any given night. Checking both before placing is the simplest edge available to any NY bettor.
Bonus bet terms are also functionally the same: credits expire in 7 days, only profits (not the stake) are returned as cash on a winning bonus bet, and minimum odds restrictions around -300 often apply. Read the full breakdown of what every NY sportsbook offer actually means before you claim either.
Deposits and Withdrawals: Any Real Difference?
On the payment side, both apps accept Visa/Mastercard debit, PayPal, ACH, Play+ prepaid cards, and VIP Preferred e-checks. Credit card deposits remain unreliable at both — many banks flag them as cash advances, so stick to debit or PayPal. Withdrawal speeds are effectively identical: PayPal clears same day to 24 hours; ACH takes 3–5 business days; checks by mail run 7–14 business days.
Your first withdrawal at either app will require completed KYC identity verification, which can add 24–72 hours on top of the standard processing window. Budget for that the first time.
Who Should Pick FanDuel vs. Who Should Pick DraftKings?
If you already have a FanDuel account from DFS, migrating to their sportsbook is the path of least resistance. If you prefer DraftKings' interface or loyalty structure, the fundamentals are close enough that it rarely costs you money to choose on preference. Our FanDuel New York review digs into their odds consistency and payout experience, while our DraftKings New York review covers their lines, promos, and withdrawal times in comparable depth.
You can also hold accounts at both — nothing in NY law prohibits it — which lets you line-shop on bigger wagers. Taxes apply to winnings at each app equally; all NY gambling winnings are ordinary income at both the federal level and at NY state rates up to 10.9%. NYC residents owe city tax on top of that. See what you owe on winning NY sportsbook bets before filing. Must be 21+. Gambling problem? Call the NY HOPEline at 1-877-8-HOPENY.