Proposed Consumer Protections Face Legislative Setback
A proposed bill aimed at tightening regulations on New York’s sports betting industry has stalled in committee. Assembly Bill A7962, introduced by Assemblymember Robert Carroll in April 2025, sought to implement comprehensive consumer safeguards amid growing concerns over gambling-related harm.
Key Restrictions Included in A7962
The bill called for a $5,000 daily cap on user wagers, a limit of five deposits per day, and a prohibition on funding betting accounts with credit cards—an attempt to reduce gambling debt risk. Additionally, the bill sought to crack down on misleading marketing practices.
Proposed Advertising Restrictions
Advertising was a central focus of the bill. It proposed banning terms such as “bonus,” “no sweat,” and “boosted odds” in promotions. It also aimed to eliminate sports betting ads aired between 8 a.m. and 10 p.m., and during any live sports broadcasts, regardless of time. The goal was to shield vulnerable groups, especially minors and those with gambling problems.
Industry Pushback and Committee Rejection
Despite Carroll’s framing of the bill as a measure to set “boundaries” rather than ban gambling, A7962 did not advance beyond the Assembly Racing and Wagering Committee. Industry stakeholders and opponents expressed concern that strict limits could push high-stakes bettors toward neighboring states or unregulated offshore platforms, undermining New York’s regulated market.
Building on Previous Gambling Regulations
Had the bill passed, it would have expanded upon 2023 regulations that mandated responsible gambling messages and hotline information in advertisements. A7962 also proposed enhanced user protections, such as customizable deposit and wagering limits, detailed account activity logs, and easy access to gambling help resources.
Ongoing Debate Over Regulation vs. Revenue
While the bill’s failure represents a pause in reform efforts, it has reignited discussion around the balance between maximizing state revenue and safeguarding public health. Since legalizing online sports betting in 2022, New York has collected over $3 billion in taxes from $70 billion in wagers—making it one of the largest markets in the country.
