New York breaks U.S. record with $24B in sports bets
Over the 2024-25 fiscal year, players in New York placed nearly $24 billion in sports bets, hitting the biggest number any US state has ever seen.The $23.94 billion total...
New York may tighten sports betting with new restrictions
New York may completely change the sports betting market in the state, with Assembly member Robert Carroll of Brooklyn suggesting Bill NY A07692 with daily wagers at $5,000, banning credit card deposits, and tightening rules around advertising.
Bill NY A07692 would also limit users to five deposits a day and require sportsbooks to alert anyone who hits $2,500 in deposits that they can set limits or even close their account. Moreover, bettors could have only one account on one specific operator’s platform. These changes would make New York one of the most tightly regulated markets in the country.
Carroll’s proposal also targets sportsbooks’ advertising campaigns. Ads couldn’t say things like “bonus” or “no sweat”, couldn’t run during live games or from 8 a.m. to 10 p.m., and couldn’t target minors or give detailed instructions on how to bet.
Critics argue that these kinds of restrictions can harm the state’s record-breaking revenue and lead players to illegal platforms.
Still, supporters of the bill say it’s about protecting consumers as gambling becomes more accessible. Whether it passes or not, it’s clear that the conversation around safer betting is just getting started in New York.
New York Senate passes bill to ban sweepstakes casinos
The New York State Senate Racing, Gaming, and Wagering Committee passed a bill aimed at banning sweepstakes casinos in the state.Sponsored by Senator Joseph Addabbo Jr,...
