A new legislation mandating online sports betting operators to issue monthly activity reports to New York customers is currently awaiting the approval of Gov. Kathy Hochul.
The New York Senate has unanimously passed Assembly Bill A10329 with a 61-0 vote. Earlier, the Assembly had approved the bill with a unanimous 143-0 vote back in March. If enacted, New York would be the pioneering state to mandate digital monthly betting activity statements.
Proposed by Assembly Member Rebecca Kassay, the bill would obligate sportsbooks to send monthly summaries to users, outlining their deposits, winnings, losses, bet amounts, and overall betting activities.
“Providing New Yorkers with essential information about gaming activities and behaviors enhances informed participation and is key to minimizing problem gambling within our communities,” Kassay stated earlier. “This legislation updates consumer protections to ensure that online sports betting platforms function responsibly in our state, focusing on our residents’ welfare.”
According to the proposal, sportsbooks would need to deliver these statements within 15 days following the conclusion of each month. Starting January 1, 2027, customers will receive comprehensive reports detailing net earnings and losses, total time spent on betting platforms, promotional credits utilized, resources for responsible gaming, and lifetime betting history.
The bill has encountered minimal resistance as it navigated through the legislative process. A similar Senate version backed by Sen. Joseph Addabbo was finally replaced by A10329 after Senate Bill S9415 garnered unanimous support from the Racing, Gaming and Wagering Committee.
This requirement will extend to all licensed online sportsbooks operating in New York, including FanDuel, DraftKings, BetMGM, Fanatics Sportsbook, Caesars Sportsbook, Rush Street Interactive, theScore Bet, and Bally Bet.
The legislation is part of a broader initiative among state lawmakers to enhance responsible gaming protocols and tighten oversight in America’s largest sports betting market.
Adjacent states are also pursuing similar measures. Lawmakers in New Jersey are deliberating over similar requirements for monthly activity reports and additional transparency efforts concerning betting limits.
Additionally, Massachusetts has recently enacted regulations mandating sportsbooks to offer specific explanations when imposing account restrictions.