Proposed NY Bill Latest Example of State Gambling Regulations

This past week, New York State Assemblyman Robert Carroll submitted Bill NY A07692 to the Assembly’s Racing and Wagering Committee.[i] The proposed bill would put heavy limits on how gambling companies carry out their sportsbook businesses in the state, including advertising and deposit limits.[ii]

The proposed bill begins with a daily limit on how much and how often a person can wager and deposit money into their account. Specifically, Carroll calls for a $5,000 limit on the amount of wagers per person in a twenty-four period.[iii] Additionally, during the same twenty-four-hour period, the bill limits the number of deposits a person can carry out to five.[iv]

The bill also proposes limits that would help avoid advertising to minors.[v] Specifically, the bill prohibits gambling advertising between the hours of 8am and 10pm, as well as during live sporting events.[vi] Additional restrictions would include prohibitions on ads that promote “free” bets, “bonus” bets, “no sweat” bets, or ads that provide information on how to place a sports bet or how they work.[vii]

If passed, the bill would continue to push strong gambling regulations in a state that already imposes the largest tax rate for sports betting revenue in the nation at 51%.[viii] However, it does follow other states, including Massachusetts and Connecticut, that have pushed similar daily limits and max wagering.[ix] Assemblyman Carroll, taking to X/Twitter, called for these restrictions, calling them necessary for an industry that is “lightly regulated and has harmed thousands of NYers.”[x]

Despite Carroll’s support, it does not come without strong criticism. Specifically, some worry that the restrictions would push bettors, particularly high rollers, to take their business to neighboring states.[xi] Others worry that the wager limit would severely slash New York’s coffers, which took in $3 billion in tax revenue since the state legalized betting in January 2022, even despite the 51% tax.[xii] In recent months, states and cities have pushed back on misleading advertising practices that they claim are leading to more and more problem gamblers. In March of this year, the City of Baltimore filed a lawsuit against DraftKings and FanDuel claiming that the companies’ continuously carry out misleading and deceptive practices to keep problem gamblers gambling.[xiii] Massachusetts has also openly questioned the integrity and the conflict of interest that exists with ESPN and their gambling entity, ESPNBet.[xiv] All of these, including the proposed New York legislation, have signaled that states recognize and have begun taking action to regulate an industry that has exploded since the 2018 Murphy ruling by the U.S. Supreme Court.

[i] https://www.bettorsinsider.com/news/2025/04/22/new-york-legislators-propose-5000-daily-sports-betting-limit

[ii] https://legislation.nysenate.gov/pdf/bills/2025/a7962

[iii] Id.

[iv] Id.

[v] https://www.casino.com/news/responsible-gambling/new-york-considering-bill-to-set-daily-limit-on-sports-betting/

[vi] https://legislation.nysenate.gov/pdf/bills/2025/a7962

[vii] Id.

[viii] https://frontofficesports.com/n-y-sports-betting-faces-major-limits-under-new-proposal/

[ix] https://www.bettorsinsider.com/news/2025/04/22/new-york-legislators-propose-5000-daily-sports-betting-limit

[x] https://x.com/Bobby4Brooklyn/status/1913026586317631860

[xi] https://frontofficesports.com/n-y-sports-betting-faces-major-limits-under-new-proposal/

[xii] https://www.bettorsinsider.com/news/2025/04/22/new-york-legislators-propose-5000-daily-sports-betting-limit