Senator from New York Intends to Revive Legislation on Sportsbook Bonus Practices Classified as Predatory
New York State Senator Peter B. Harckham has once again introduced legislation to regulate sportsbook bonuses, with the aim of protecting consumers from exploitative promotional practices. The bill, known as S9605, was reintroduced in the 2023 session of the New York State Legislature and is referred to as addressing "predatory sportsbook bonuses."
According to the bill's justification, the legislation is intended to address targeted advertising in the mobile sports betting industry that could lead to gambling addiction. The bill's proposed legislation is just one page long and includes provisions such as clearer disclosure requirements for sportsbook bonuses, limits on the size and structure of bonuses, consumer protections against practices that could lead to excessive gambling or financial harm, and requirements for sportsbooks to provide responsible gambling resources alongside bonus offers.
Senator Harckham, an advocate for responsible gaming measures, has reintroduced this bill to address rising concerns about aggressive marketing tactics in the expanding New York sports betting market. The legislation is part of broader efforts in the state to regulate sports betting more comprehensively following its legalization.
Senator Joseph Addabbo, another proponent of gambling expansion, has expressed his support for Harckham's bill. Addabbo believes that the bill adds value by raising awareness and does not think it would harm New York online casino legalization efforts.
As of the latest available information, the bill has been reintroduced, but its specific reasons for reintroduction and its current status in the legislative process have not been clarified. For the most current updates on the bill's progress, checking the official New York State Senate legislative tracking or recent press releases from Senator Harckham's office is recommended.
- The online casino industry, particularly sports betting, is under scrutiny in New York, with Senator Peter B. Harckham reintroducing a bill to regulate sportsbook bonuses, aiming to prevent predatory practices.
- The proposed legislation, S9605, seeks to address targeted advertising in the mobile sports betting sector that may lead to gambling addiction.
- The bill includes provisions for clearer disclosure requirements, limits on bonus sizes, consumer protections against excessive gambling or financial harm, and the provision of responsible gambling resources.
- This legislation is part of a broader movement in New York to comprehensively regulate sports betting, following its legalization, and is also supported by Senator Joseph Addabbo.
- For the latest information on the bill's progress, one can check the official New York State Senate legislative tracking or recent press releases from Senator Harckham's office.
