A new bill that mandates online sports betting operators to provide monthly activity statements to New York customers is currently awaiting the signature of Governor Kathy Hochul.
On Tuesday, the New York Senate approved Assembly Bill A10329 with a unanimous 61-0 vote. Earlier, the Assembly passed this legislation with a 143-0 vote in March. If enacted, New York would be the first state to implement a requirement for electronic monthly betting statements.
This legislation, proposed by Assembly Member Rebecca Kassay, obligates sportsbooks to send their customers monthly summaries that include details on deposits, winnings, losses, wager amounts, and overall betting activity.
Kassay emphasized the importance of providing New Yorkers with essential data regarding their gaming activities, stating that it enhances informed participation and is crucial for mitigating problem gambling within communities. She noted, “This bill modernizes consumer protections to ensure that mobile sports betting platforms operate responsibly in our state while prioritizing the well-being of our residents.”
Under this proposal, sportsbooks will be required to issue statements within 15 days following the conclusion of each month. Starting January 1, 2027, customers will receive comprehensive reports that outline net gains and losses, total time logged into betting platforms, promotional credits utilized, responsible gaming resources, and their lifetime wagering history.
The bill progressed through the legislative process with minimal opposition. A related Senate measure, initially sponsored by Senator Joseph Addabbo, was ultimately replaced by A10329 after Senate Bill S9415 received unanimous approval from the Racing, Gaming and Wagering Committee.
This requirement will affect all licensed online sportsbooks operating in New York, including major players like FanDuel, DraftKings, BetMGM, Fanatics Sportsbook, Caesars Sportsbook, Rush Street Interactive, theScore Bet, and Bally Bet.
This legislation is part of a larger initiative by state lawmakers aimed at enhancing responsible gaming practices and increasing oversight in the nation’s largest sports betting market.
Similar legislative efforts are also being considered in neighboring states; for instance, New Jersey lawmakers are exploring comparable requirements for monthly activity statements and additional transparency measures concerning wagering limits.
In Massachusetts, new regulations have recently been put in place requiring sportsbooks to provide explanations to certain bettors when account restrictions are enforced.