BILL NUMBER: S2617
SPONSOR: ADDABBO
 
TITLE OF BILL:
An act to amend the racing, pari-mutuel wagering and breeding law, in
relation to interactive fantasy sports
 
PURPOSE OR GENERAL IDEA OF BILL:
Allows for new types of interactive fantasy sports games and creates a
licensing and regulatory process to ensure compliance and oversight.
 
SUMMARY OF PROVISIONS:
Section 1. Amends section 1401 of the racing, pari-mutuel wagering and
breeding law.
Section 2. Amends section 1402 of the racing, pari-mutuel wagering and
breeding law.
Section 3. Amends the opening paragraph of subdivision 4 of section 1403
of the racing, pari-mutuel wagering and breeding law.
Section 4. Amends paragraphs (o) and (q) of subdivision 1 of section
1404 of the racing, pari-mutuel wagering and breeding law.
Section 5. Amends section 1405 of the racing, pari-mutuel wagering and
breeding law by adding four new subdivisions 3, 4, 5, and 6.
Section 6. Amends the opening paragraph of subdivision 1 of section 1406
of the racing, pari-mutuel wagering and breeding law.
Section 7. Amends section 1408 of the racing, pari-mutuel wagering and
breeding law.
Section 8. Effective Date.
 
JUSTIFICATION:
New York first authorized interactive fantasy sports in 2016. Since
then, the market has evolved to include new types of offerings and
demand for these types of games has increased rapidly. To keep up with
the pace of the market and consumer demand, New York State needs a
robust licensing and regulatory structure to ensure these games have the
appropriate oversight and consumer protections in place. Along with
updating the regulatory environment for these types of offerings, this
bill increases consumer protections by raising the age to 21 for author-
ized players or contestants, putting it on a level playing field with
mobile sports wagering.
 
PRIOR LEGISLATIVE HISTORY:
2024: S9044A - Referred to Racing, Gaming and Wagering, Reported to
Finance
 
FISCAL IMPLICATIONS:
Increased revenue to the state through licensing fees and tax revenue.
 
EFFECTIVE DATE:
This act shall take effect immediately.