Bill > A4002

This bill requires companies that hold licenses to offer sports betting (sports wagering licensees) to create and publicly share rules about how they can limit customer betting accounts, such as restricting how much can be bet or how long someone can play. These rules must be approved by the relevant state division, displayed prominently where betting occurs, posted online, included in account terms, and available upon request. If a licensee limits a customer's account, they must inform the customer in writing and explain why. These limited accounts will be periodically reviewed to see if the restrictions are still necessary. Licensees will also have to report annually to the division about the types and frequency of account limitations they impose, and the division can ask for more information to ensure compliance. The division is also empowered to create further regulations to put these requirements into effect.