New York Assembly Bill A07962

New York 2025-2026 Regular Session

• Introduced: 4/16/25
• Refer: 4/16/25

Caption

Establishes certain limits on sports betting for both mobile and casino sports betting to include advertisements, wager limits, and prohibiting the use of credit cards to make deposits on mobile sports betting.

Impact

The proposed changes would modify the Racing, Pari-mutuel Wagering and Breeding Law, primarily focusing on the regulation of sports betting advertising. Bill A07962 intends to mitigate the risk associated with gambling by preventing targeted advertising towards vulnerable populations, including minors and individuals with prior gambling issues. The bill also emphasizes the importance of responsible play, requiring that operators maintain transparency about the risks involved and establish mechanisms for reporting complaints.

Summary

Bill A07962 seeks to amend existing regulations on sports betting in New York, placing significant limits on both mobile and casino sports wagering. Essential provisions of the bill include establishing maximum deposit and wager limits, capping deposits at five per day and wagers at five thousand dollars within a twenty-four hour period. Additionally, the bill includes measures to enhance responsible gaming practices amongst operators and bettors, mandating that licensed mobile wagering platforms incorporate self-exclusion options and provide robust information regarding problem gambling resources.

Contention

A point of contention arising from A07962 revolves around the balance between promoting responsible gaming and allowing for the growth of the sports betting market in New York. Proponents of the bill argue that the regulations are necessary to protect consumers and ensure the integrity of the betting environment. However, some stakeholders argue that the imposed restrictions might hinder operators’ marketing capabilities and limit their profitability, which could stifle competition and innovation in the industry.