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New York Senators Introduce Bill Targeting 'Predatory' Sports Betting Bonuses

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A New York legislator wants the state Gaming Commission (NYSGC) to enact rules against "predatory" bonuses offered by licensed online sports betting operators.

New York State Senator Pete Harckham speaks before the Senate in Albany.On Thursday, a South Salem Democrat introduced a bill that would call on the New York State Gambling Commission to put in place regulations on bonuses offered by online sports betting operators that he calls "predatory." (Image: NYSenate.gov)

State Senator Pete Hulkham (D-South Salem) introduced Senate Bill S9605 on Wednesday.If passed, it would create new sections within New York's horse racing, pari-mutuel betting and breeding laws.This would require the NYSGC to create rules on deposit matches, "risk-free" bets, free money and stakes, site credits, profit boosters and other temptations.

He introduced the bill less than two weeks after The New York Times published a series of articles on the US sports betting industry.In that article, he touched on the practices online sports bettors use to acquire and retain new customers.

モバイル・スポーツ・ベッティング業界は、個人に合わせて作られたターゲット広告を利用し、自宅から新しい顧客を誘い込んでいる」と、ハルカムは法案の正当性を主張する文章に書いている。「このことは、ニューヨーク州でスポーツベッティングが合法化された後、以前はこのような略奪的な手法を知らなかった多くの人々が、さもなければ避けられたはずのギャンブル依存症に陥ることを意味します」

Harkam, who heads the Senate Committee on Alcoholism and Substance Abuse, also noted that other countries, such as the United Kingdom, have restrictions on advertising free bets.

In Canada, authorities in Ontario have also fined businesses for failing to comply with standards prohibiting the promotion of bonuses in general advertising.

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have to take more precautions

Harckham's bill does not list specific measures.It simply calls for a new subsection of the state gaming call and directs the NYSGC to “promulgate rules and regulations regarding predatory sportsbook bonuses in mobile sports betting.”

If passed, it will go into effect if Governor Kathy Hochul signs it

業界関係者は、政府の規則が厳しくなくても運営を任せられる証拠として、依存症対策リソースへの自主的な支援を挙げているが、今回の報道で、こうした略奪的な行為がギャンブル依存症の急増を引き起こしていることが明らかになった以上、さらなる安全策を講じる必要がある」と、Harckhamは正当性を主張した。

New York Legislature to start 1 session on Jan. 4

Last week, Hochul vetoed a bill to establish a Problem Gambling Advisory Board.

About online sports betting in New York

New York launched regulated online sports betting on January 1.Last year, the NYSGC approved nine licensees after competitive bidding.

The first operator, licensed 11 months ago, offered new bettors hundreds of dollars in promotions.It continues to offer similar incentives to first-time users.

Cezars Sportsbook initially offered a $300 sign-up bonus and a $3,000 deposit match.Now, for first-time bettors, we are offering a free bet of $1,250 equal to the first bet if it loses.

DraftKings offers a 20% match on your first deposit and the bonus is capped at $1,000.FanDuel, on the other hand, offers newcomers a so-called "no sweat first bet" of up to $1,000.If the first bet loses, the bettor may take the wager as free bet credit.

By November 11th, New Yorkers had bet nearly $27 billion on games through licensed apps.The operating company recorded $146 billion in gross game revenue during this period.

New York State imposes a 51% tax on this earnings, which means it received more than $6 million this year.Almost all of it is used for public education expenses.The state sets aside $1900 million annually for problem gambling education and treatment.

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