While it appears that the New York State Legislature will succeed in one dramatic change to the state’s gaming landscape – a sweepstakes casino ban – it did not succeed in an effort to further regulate sports betting.
Assembly Bill A7962, filed by Assemblyman Robert C. Carroll in April, was taken up by the Racing and Wagering Committee but didn’t advance past that committee.
If the bill had become law, it would have limited bettors to five deposits with each licensee in a 24-hour period, [and] prohibited a bettor from wagering more than $5,000 on any single sporting event or within a 24-hour period on any number of events with a single licensee.
