NY State Senate Bill 2023-S5395

Senate Bill S5395

2023-2024 Legislative Session

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

download bill text pdf

Current Bill Status - In Senate Committee Racing, Gaming And Wagering Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Mar 03, 2023	referred to racing, gaming and wagering

2023-S5395 (ACTIVE) - Details

Current Committee:: Senate Racing, Gaming And Wagering
Law Section:: Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:: Amd §104, RWB L

2023-S5395 (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-S5395 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S5395

SPONSOR: HARCKHAM
 
TITLE OF BILL:

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

 
PURPOSE:

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

 
SUMMARY OF PROVISIONS:

Section 1 adds a new section to § 104 of the racing, pari-mutuel wager-
ing and breeding law to require 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 match-

ing, risk free betting, free money, free bets, site credits and profit
boosts.

Section 2 states the effective date.

 
JUSTIFICATION:

Recent reporting by The New York Times analyzed the impacts of mobile
sports betting across the country and the common practices used to lure
in new customers'.

New gamblers are often drawn in with marketing campaigns citing "free
bets" or even "free money." Sportsbooks often give away free bets, not
just upon signing up for the site, but sometimes as a trigger response
as a reward for betting many times or as an incentive to return. "Risk
free" betting gives customers refunds following a losing bet, only to be
used towards a new wager.

The mobile sports betting industry is utilizing targeted advertising
that is personally tailored to lure in new customers from right within
their homes. This means that following legal sports betting in New York
State, multitudes of people who were not formerly presented with these
predatory practices will fall susceptible to gambling addiction that
could have otherwise been avoided.

Other countries such as the United Kingdom have limitations upon when
advertisements for "free betting" or other predatory sports betting
tactics can be aired, and Canada has prohibited them all together.

Across the country, the enforcement of mobile sports betting rules and
regulations has been haphazard, with punishments often light or nonex-
istent, according to a NY Times survey of dozens of state gambling regu-
lators. In New York, gambling companies accepted thousands of bets on
lower-division football and basketball games, even though they were
supposed to be off-limits.


Industry officials have cited their voluntary support for anti-addiction
resources as proof that they can be trusted to operate without stricter
government rules, but more safeguards must be put in place as this
reporting has illustrated these predatory practices are triggering a
spike in gambling addiction.

 
LEGISLATIVE HISTORY:

2021-2022: S9605 - Died in Rules

 
FISCAL IMPLICATIONS:

None.

 
EFFECTIVE DATE:
This act shall take effect immediately.  1
https://www.nytimes.com/2022/11/21/briefing /gambling-sports-bet-
ting.html

2023-S5395 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5395
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                               March 3, 2023
                                ___________
 
 Introduced  by Sen. HARCKHAM -- read twice and ordered printed, and when
   printed to be committed to the Committee on Racing, Gaming and  Wager-
   ing
 
 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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