Bill Text: NY A08843 | 2023-2024 | General Assembly | Introduced

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Bill Title: Directs the New York state gaming commission to promulgate rules and regulations regarding predatory sportsbook bonuses in mobile sports betting, including but not limited to, deposit matching, risk free betting, free money, free bets, site credits and profit boosts.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-18 - referred to racing and wagering [A08843 Detail]

Download: New_York-2023-A08843-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          8843

                   IN ASSEMBLY

                                    January 18, 2024
                                       ___________

        Introduced by M. of A. SAYEGH -- read once and referred to the Committee
          on Racing and Wagering

        AN  ACT  to  amend the racing, pari-mutuel wagering and breeding law, in
          relation to directing the New York state gaming commission to  promul-
          gate  rules  and regulations regarding predatory sportsbook bonuses in
          mobile sports betting

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1. Section 104 of the racing, pari-mutuel wagering and breed-
     2  ing law is amended by adding a new subdivision 25 to read as follows:
     3    25. To promulgate rules and regulations regarding predatory sportsbook
     4  bonuses in mobile sports betting, including but not limited to,  deposit
     5  matching,  risk  free  betting,  free money, free bets, site credits and
     6  profit boosts.
     7    § 2. This act shall take effect immediately.







         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09988-01-3