New York lawmakers will consider a bill to drastically alter the United States’ highest-grossing legal sports betting market, potentially influencing states nationwide.
A bill introduced Wednesday imposes dramatic restrictions on bettors’ deposit limits and bans most sportsbooks’ current advertising language. The proposal, which Assemblymember Robert Carroll introduced, was submitted to the Assembly’s Racing and Wagering Committee for further discussion.
The Racing Committee was the first step in New York’s most notable gaming bills in recent years, including legislation that enacted the state’s sports betting legalization market. The committee tended to support bills backed by gaming industry stakeholders, which could jeopardize Carroll’s proposal before it can reach the Assembly floor.
