Bill Text: NY S02616 | 2025-2026 | General Assembly | Introduced

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Bill Title: Allows season-long proposition bets and future award winners as authorized bets; sets limitations for in-game and season-long proposition bets.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2025-02-11 - REPORTED AND COMMITTED TO FINANCE [S02616 Detail]

Download: New_York-2025-S02616-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          2616

                               2025-2026 Regular Sessions

                    IN SENATE

                                    January 21, 2025
                                       ___________

        Introduced  by  Sen. ADDABBO -- read twice and ordered printed, and when
          printed to be committed to the Committee on Racing, Gaming and  Wager-
          ing

        AN  ACT  to  amend the racing, pari-mutuel wagering and breeding law, in
          relation to allowing season-long proposition  bets  and  future  award
          winners as authorized bets

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Paragraph (x) of subdivision  1  of  section  1367  of  the
     2  racing,  pari-mutuel  wagering and breeding law, as amended by section 3
     3  of part Y of chapter 59 of the laws of  2021,  is  amended  to  read  as
     4  follows:
     5    (x) "Sports wagering" means wagering on sporting events or any portion
     6  thereof, or on the individual performance statistics of athletes partic-
     7  ipating  in  a  sporting  event, [or] combination of sporting events, or
     8  annual awards or honors for an individual athlete  or  team  performance
     9  during  or  throughout  a  season,  by any system or method of wagering,
    10  including, but not limited to, in-person  communication  and  electronic
    11  communication  through internet websites accessed via a mobile device or
    12  computer, and mobile device applications; provided however  that  sports
    13  wagers  shall  include, but are not limited to, single-game bets, teaser
    14  bets, parlays, over-under bets, money  line,  pools,  in-game  wagering,
    15  in-play  bets,  in-game  and  season-long proposition bets, and straight
    16  bets; provided however, that such in-game  and  season-long  proposition
    17  bets shall be limited to those wagers that the commission determines not
    18  to  be at risk of undue interference, insider trading of information, or
    19  other issues that could compromise the integrity  and  fairness  of  the
    20  sports  wagering program; and provided further, that coin toss bets that
    21  affect the gameplay of an event  shall  be  permitted  at  all  sporting
    22  events  unless  prohibited  by the commission for reasons related to the
    23  integrity and fairness of the sports wagering program;
    24    § 2. This act shall take effect immediately.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06888-01-5