New York Bill Proposes a Daily Betting Cap and Major Advertising Restrictions
April 18, 2025
A new bill was introduced in the New York Assembly that would place limits on bets as well as restrictions on advertising.
A7962 would, among other things:
- Cap the daily wagering limit at $5,000
- Creates a prohibition on certain advertisement practices, including odds boosts or similar offers, including advertising that contains the phrases “bonus”, “no sweat”, “bonus bet”, or any other similar term
- Places restrictions on when ads can be run.
The bill has been referred to the Assembly’s Racing And Wagering Committee.