Bill > A07962

This bill amends New York's racing, pari-mutuel wagering and breeding law to establish significant new regulations for sports betting, particularly mobile sports betting. The bill introduces strict limits on sports betting practices, including capping wagers at $5,000 per 24-hour period, prohibiting bets using credit cards, and restricting advertising practices. Mobile sports betting operators must now implement numerous consumer protection measures, such as limiting users to one account, preventing underage gambling, protecting user privacy, and providing responsible gaming resources. The bill also places specific restrictions on sports betting advertisements, including prohibiting ads that use terms like "bonus" or "no sweat", banning ads during live sports events, and preventing ads between 8 AM and 10 PM. Additionally, operators must develop complaint procedures, maintain detailed account records, and implement safeguards to ensure bettors are physically located within New York state when placing wagers. The new regulations aim to promote responsible gambling, protect consumers, and provide more oversight of the sports betting industry in New York.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/A7962