Provides that only automated clearing houses or electronic funds transfers from such authorized sports bettor's personal bank account, wire transfers from an authorized sports bettor's personal bank account, personal checks delivered to the operator, or in-person cash deposits at a casino or other approved location, may be used to fund mobile sports wagering accounts.
STATE OF NEW YORK
________________________________________________________________________
9557
IN ASSEMBLY
January 14, 2026
___________
Introduced by M. of A. WOERNER -- read once and referred to the Commit-
tee on Racing and Wagering
AN ACT to amend the racing, pari-mutuel wagering and breeding law, in
relation to mechanisms authorized sports bettors may utilize to fund
their mobile sports wagering accounts
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraph (b) of subdivision 5 of section 1367-a of the
2 racing, pari-mutuel wagering and breeding law, as added by section 4 of
3 part Y of chapter 59 of the laws of 2021, is amended to read as follows:
4 (b) Authorized sports bettors may deposit and withdraw funds to and
5 from their account on a mobile sports wagering operator through [elec-
6 tronically recognized payment methods, including but not limited to
7 credit cards and debit cards, or via any other means approved by the
8 commission; provided however, that in the case of credit card payments,
9 each authorized sports bettor's account per operator shall be limited to
10 a credit card spending amount of two thousand five hundred dollars per
11 year; and provided further, that this limitation shall not apply to
12 other payment methods or to debit cards] the following mechanisms: an
13 automated clearing house or electronic funds transfer from such author-
14 ized sports bettor's personal bank account, a wire transfer from such
15 authorized sports bettor's personal bank account, a personal check
16 delivered to the operator, or an in-person cash deposit at a casino or
17 other location, with the approval of the commission. No operator shall
18 be authorized to provide a line of credit to any authorized sports
19 bettor.
20 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD14304-01-5
