The legislative effort to require sportsbooks in New York to provide players with monthly betting account statements has reached its last step before a potential governor’s signature.
New York Assembly Bill 10329 was unanimously advanced on Tuesday by the state Senate with amendments, sending the measure back to the Assembly for a final vote before heading to Gov. Kathy Hochul’s desk.
How would New York betting statement bill work?
Assemblymember Rebecca Kassay’s consumer protection bill aims to amend New York gaming law to require licensed operators to send sportsbook account holders monthly account activity statements via push notifications. Kassay’s legislation also requires operators to make the statements “continuously accessible through the bettor’s account.”
Under the NY sports betting bill, operators must deliver the activity statements to each account holder within 15 days of each calendar month ending, mirroring financial institutions.
The New York gaming bill also requires operators to include certain metrics in statements:
- Total amount of funds deposited with the sportsbook
- Total amount wagered
- Net gains and losses for the period
- Total number of bets placed
- Time spent using the online sportsbook
- Total wins and losses
- Itemized ledger of promotional credits, bonuses, or free bets used
- Total lifetime wagering history with the platform
New York sports betting operators already provide lifetime wagering history data, but the platforms do not require their customers to access the statements. The bill changes that practice by mandating that sportsbooks deliver account activity statements.
Bill requires New York RG resources to be displayed
Kassay’s bill also takes additional responsible gaming measures by requiring sportsbooks to provide “prominent and clear disclosure of responsible gaming resources.” The resources include New York’s voluntary self-exclusion program and problem gambling assistance services.
The measure also gives the New York State Gaming Commission more responsibilities by mandating that the regulator “promulgate regulations establishing standardized formatting, clarity requirements, and any additional disclosures necessary to ensure such statements are readily understandable to authorized sports bettors.”
It is unclear what Hochul will do with the NY sportsbook bill if it reaches her desk. If the governor takes no action on the RG bill, the measure will be enacted as law. Hochul taking no action or signing the new law for licensed operators would have the bill go into effect on Jan. 1.
NY sports betting bill path to date
AB 10329 was introduced in February and referred to the Assembly’s Racing and Wagering Committee, with the group advancing the bill for a full Assembly floor vote.
The Assembly unanimously passed the responsible gaming bill in March, with seven abstentions. The approval allowed the bill to reach the Senate Racing, Gaming and Wagering Committee. The subcommittee advanced the bill before its unanimous approval by the full Senate this week. AB 10329 was substituted for Senate Bill 9415.
The Senate companion measure was introduced in March by Sen. Joseph Addabbo.
