Provides that only automated clearing houses or electronic funds transfers from such authorized sports bettor's personal bank account, wire transfers from an authorized sports bettor's personal bank account, personal checks delivered to the operator, or in-person cash deposits at a casino or other approved location, may be used to fund mobile sports wagering accounts.
S T A T E O F N E W Y O R K
________________________________________________________________________
9557
I N A S S E M B L Y
January 14, 2026
___________
Introduced by M. of A. WOERNER -- read once and referred to the Commit-
tee on Racing and Wagering
AN ACT to amend the racing, pari-mutuel wagering and breeding law, in
relation to mechanisms authorized sports bettors may utilize to fund
their mobile sports wagering accounts
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph (b) of subdivision 5 of section 1367-a of the
racing, pari-mutuel wagering and breeding law, as added by section 4 of
part Y of chapter 59 of the laws of 2021, is amended to read as follows:
(b) Authorized sports bettors may deposit and withdraw funds to and
from their account on a mobile sports wagering operator through [elec-
tronically recognized payment methods, including but not limited to
credit cards and debit cards, or via any other means approved by the
commission; provided however, that in the case of credit card payments,
each authorized sports bettor's account per operator shall be limited to
a credit card spending amount of two thousand five hundred dollars per
year; and provided further, that this limitation shall not apply to
other payment methods or to debit cards] THE FOLLOWING MECHANISMS: AN
AUTOMATED CLEARING HOUSE OR ELECTRONIC FUNDS TRANSFER FROM SUCH AUTHOR-
IZED SPORTS BETTOR'S PERSONAL BANK ACCOUNT, A WIRE TRANSFER FROM SUCH
AUTHORIZED SPORTS BETTOR'S PERSONAL BANK ACCOUNT, A PERSONAL CHECK
DELIVERED TO THE OPERATOR, OR AN IN-PERSON CASH DEPOSIT AT A CASINO OR
OTHER LOCATION, WITH THE APPROVAL OF THE COMMISSION. No operator shall
be authorized to provide a line of credit to any authorized sports
bettor.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14304-01-5
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