New York sports betting is on track to become the first market to require operators to provide each user with monthly statements. This would include all aspects of their betting activity, including profits and losses. The bill, A10329, unanimously passed through the Senate this week, so it now heads to Gov. Kathy Hochul’s desk. It’s the latest example that highlights how New York has been an industry leader in responsible gaming.
A10329 has easily passed through the chambers, demonstrating its strong support:
This measure requires each sportsbook to provide a monthly statement within 15 days at the end of each month. Here is exactly what it involves:
If Gov. Hochul signs this bill into law, it would make New York the first state to invoke such a measure. If that happens, the changes would take effect on January 1, 2027.
These proposed changes help emphasize player safety by taking a proactive approach to responsible gaming.
Bettors are able to access their profits and losses at online sportsbooks right now, but this is tucked away in their account information. In other words, it’s not prominently displayed or easy to find.
The difference with the proposed changes from A10329 is that it will make it mandatory for sportsbooks to send out this information to each user. Therefore, instead of a user having to actively seek out this information, it will be sent directly to them.
This can help with problem gambling because users struggling with this issue often act impulsively and don’t consider their net losses. When it’s easily accessible, paired with information on how to use responsible gaming tools, it can help with problem gambling. They’ll have a better idea of where their net losses are and can act accordingly.
Given the strong support that A10329 has received at every level, it’s highly likely that Gov. Hochul will sign this bill into law, rather than vetoing the measure.
It’s a practical solution to try to address issues of problem gambling, ensuring that each user is participating at each sportsbook responsibly.
To that end, these proposed changes position New York as an industry leader in responsible gaming. Measures like A10329 can set a precedent, influencing lawmakers in other states to implement a similar approach in their own jurisdictions.
It’s the latest example of New York emphasizing responsible gaming, as they recently proposed a ban on sports betting ads on college campuses.
Expect a decision from Gov. Hochul on A10329 in the coming weeks.
