Prohibits mobile sports wagering operators from imposing any condition requiring an authorized sports bettor to wager deposited funds as a prerequisite to withdrawing such funds.
STATE OF NEW YORK
________________________________________________________________________
10495
IN ASSEMBLY
March 6, 2026
___________
Introduced by M. of A. KASSAY -- read once and referred to the Committee
on Racing and Wagering
AN ACT to amend the racing, pari-mutuel wagering and breeding law, in
relation to prohibiting mobile sports wagering operators from condi-
tioning the withdrawal of funds on a requirement that a sports bettor
first wager deposited funds
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 5 of section 1367-a of the racing, pari-mutuel
2 wagering and breeding law is amended by adding a new paragraph (c) to
3 read as follows:
4 (c) No mobile sports wagering operator shall impose any condition
5 requiring an authorized sports bettor to wager deposited funds as a
6 prerequisite to withdrawing such funds. An authorized sports bettor
7 shall be permitted to withdraw any un-wagered deposited funds from such
8 bettor's account at any time, subject only to identity verification and
9 fraud prevention measures approved by the commission. Any policy or
10 practice that restricts, delays, or conditions the withdrawal of un-wag-
11 ered deposited funds in a manner inconsistent with this subdivision
12 shall constitute a violation of this section and shall be subject to
13 enforcement by the commission pursuant to this article.
14 § 2. This act shall take effect on the sixtieth day after it shall
15 have become a law. Effective immediately, the addition, amendment and/or
16 repeal of any rule or regulation necessary for the implementation of
17 this act on its effective date are authorized to be made and completed
18 on or before such effective date.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD14786-01-6
