BILL NUMBER: S9415
SPONSOR: ADDABBO
 
TITLE OF BILL:
An act to amend the racing, pari-mutuel wagering and breeding law, in
relation to requiring mobile sports wagering operators to share monthly
invoice statements to authorized consumers
 
PURPOSE OR GENERAL IDEA OF BILL:
'The purpose of this bill is to increase transparency in mobile sports
wagering by requiring operators to provide authorized bettors with
standardized monthly account activity statements that clearly summarize
wagering activity and responsible gaming information.
 
SUMMARY OF PROVISIONS:
Section 1. Subparagraphs (xiv) and (xv) of paragraph (a) of subdivision
4 of section 1367-a of the racing, pari-mutuel wagering and breeding
law, as amended by section 4 of part Y of chapter 59 of the laws of 2021
are amended and a new subparagraph (xvi) is added to require each mobile
sports wagering operator to provide authorized sports bettors with a
monthly electronic account activity statement. The statement must
include total deposits, total wagers, winnings and losses, net gain or
loss, number of wagers placed, total time logged into the platform,
promotional credits used, and access to lifetime wagering history. The
statement must also prominently display responsible gaming resources,
including information on voluntary self-exclusion and problem gambling
services. The Gaming Commission is directed to promulgate regulations to
standardize formatting and clarity.
Section 2. Establishes the enacting clause.
 
JUSTIFICATION:
Mobile sports wagering has expanded at an unprecedented pace in New
York, placing a full-scale gambling platform in every pocket. While the
industry generates substantial state revenue, data is showing a troubl-
ing pattern of problem gambling, as this new digital structure facili-
tates more impulsive and frequent wagering activity by New Yorkers.
Consumers do not automatically receive a clear and consolidated picture
of their total wins and losses, time spent gambling, or reliance on
promotional credits.
Unlike traditional financial markets, where monthly statements are a
basic consumer protection standard, sports bettors must currently piece
together fragmented transaction histories to understand the totality of
their betting behavior. This lack of concise transparency disproportion-
ately affects individuals vulnerable to gambling addiction, who may not
recognize the scale of their activity in real time.
This legislation establishes a straightforward transparency safeguard.
By requiring standardized monthly account statements, bettors receive
the same type of itemized reporting expected in banking, credit, and
other regulated industries. Clear summaries of deposits, wagers, net
losses, and time spent on the platform empower consumers to make
informed decisions and identify warning signs earlier.
This legislation also strengthens New York's responsible gaming frame-
work by embedding self-exclusion tools and problem gambling resources
directly into the reporting structure. Making these supports visible
within the monthly statement ensures that assistance is accessible at
the moment reflection occurs, when bettors are most likely to reassess
their behavior.
New York has positioned itself as a national leader in mobile sports
wagering. With that leadership comes an obligation to modernize consumer
protections alongside market growth. This legislation does not restrict
lawful wagering, but rather establishes clear transparency standards
that promote accountability and informed participation, ensuring that
New York's mobile wagering system operates responsibly with meaningful
consumer protections.
 
PRIOR LEGISLATIVE HISTORY:
New bill.
 
FISCAL IMPLICATIONS FOR STATE AND LOCAL. GOVERNMENTS:
None.
 
EFFECTIVE DATE:
This act shall take effect on the first of January next succeeding the
date upon which it shall have become a law.