New York bill proposes to regulate ‘predatory’ sportsbook bonuses

New York bill proposes to regulate ‘predatory’ sportsbook bonuses

Article brief provided by SportsHandle
  • Mark Saxon, SportsHandle
December 2, 2022 2:47 PM
  • Mark Saxon, SportsHandle

New York state Sen. Pete Harckham (D-Lewisboro) has proposed legislation directing the state gaming commission to come up with rules and regulations regarding what the bill calls “predatory” mobile sportsbook bonuses.

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The one-page proposal, which seems to be a direct reaction to an unflattering look at the regulated sports gambling industry published by The New York Times in November, seeks to combat predatory bonuses, “including but not limited to deposit matching, risk-free betting, free money, free bets, site credits and profit boosts.”

The bill, which does not have a co-sponsor in the Assembly, currently sits in the Senate Rules Committee.