Senate Bill S8777

2023-2024 Legislative Session

Relates to allowing season-long proposition bets and future award winners as authorized bets

download bill text pdf

Sponsored By

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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2023-S8777 (ACTIVE) - Details

Current Committee:
Senate Racing, Gaming And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §1367, RWB L

2023-S8777 (ACTIVE) - Summary

Allows season-long proposition bets and future award winners as authorized bets; establishes coin toss bets that affect the gameplay of an event shall be permitted at all sporting events.

2023-S8777 (ACTIVE) - Sponsor Memo

2023-S8777 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8777
 
                             I N  S E N A T E
 
                              March 11, 2024
                                ___________
 
 Introduced  by  Sen. ADDABBO -- 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 allowing season-long proposition  bets  and  future  award
   winners as authorized bets

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (x) of subdivision  1  of  section  1367  of  the
 racing,  pari-mutuel  wagering and breeding law, as amended by section 3
 of part Y of chapter 59 of the laws of  2021,  is  amended  to  read  as
 follows:
   (x) "Sports wagering" means wagering on sporting events or any portion
 thereof, or on the individual performance statistics of athletes partic-
 ipating  in  a sporting event, or combination of sporting events, by any
 system or method of wagering, including, but not limited  to,  in-person
 communication  and  electronic  communication  through internet websites
 accessed via a mobile device or computer,  and  mobile  device  applica-
 tions;  provided  however  that sports wagers shall include, but are not
 limited to, single-game bets, teaser  bets,  parlays,  over-under  bets,
 money  line,  pools, in-game wagering, in-play bets, IN-GAME AND SEASON-
 LONG proposition bets, and straight  bets;  AND  SEASON  AWARD  WINNERS;
 PROVIDED HOWEVER, THAT SUCH IN-GAME AND SEASON-LONG PROPOSITION BETS AND
 SEASON  AWARD  WINNERS  WAGERS SHALL BE LIMITED TO THOSE WAGERS THAT ARE
 PERFORMANCE-BASED UNLESS SUCH WAGERS WERE OTHERWISE  AUTHORIZED  BY  THE
 COMMISSION  AS  OF  THE EFFECTIVE DATE OF THE CHAPTER OF THE LAWS OF TWO
 THOUSAND TWENTY-FOUR THAT AMENDED THIS PARAGRAPH; AND PROVIDED  FURTHER,
 THAT  COIN  TOSS  BETS  THAT  AFFECT  THE  GAMEPLAY OF AN EVENT SHALL BE
 PERMITTED AT ALL SPORTING EVENTS UNLESS PROHIBITED BY THE COMMISSION;
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14816-01-4

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