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Assembly Bill A8843

2023-2024 Legislative Session

Directs the New York state gaming commission to promulgate rules and regulations regarding predatory sportsbook bonuses in mobile sports betting

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Archive: Last Bill Status - In Assembly Committee

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2023-A8843 (ACTIVE) - Details

See Senate Version of this Bill:
S5395
Current Committee:
Assembly Racing And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §104, RWB L

2023-A8843 (ACTIVE) - Summary

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.

2023-A8843 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8843
 
                           I N  A S S E M B L Y
 
                             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:
 
   Section  1. Section 104 of the racing, pari-mutuel wagering and breed-
 ing law is amended by adding a new subdivision 25 to read as follows:
   25. 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.
   § 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

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