New York A 10495: Prohibits mobile sports wagering operators from conditioning the withdrawal of funds on a requirement that a sports bettor first wager deposited funds

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A10495 Summary:

BILL NOA10495 

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SAME ASNo Same As

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SPONSORKassay

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COSPNSR

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MLTSPNSR

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Amd §1367-a, RWB L

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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.

Go to top A10495 Actions:

BILL NOA10495 

&nbsp

03/06/2026referred to racing and wagering

Go to topA10495 Committee&nbspVotes:

Go to topA10495 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA10495 Text:

 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

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