A New York assemblyman has introduced a new bill that aims to crack down on excessive betting, laying out some pretty strict rules to help curb risky gambling habits.
On Wednesday (Apr. 16), Assemblyman Robert Carroll introduced A7962 that would put some major limits on sports betting in New York. The proposal includes a $5,000 daily cap on how much someone can wager through their betting account. It would also restrict how many times a person can deposit money into their account in a single day.
My bill A7962 creates guardrails to protect NYers who participate in sports gambling.
This nascent industry is lightly regulated and has harmed thousands of NYers. The least we could do is put specific monetary caps and advertising restrictions.
FYI -I have a Caesars account. https://t.co/dtke2imQOa
— Assemblymember Robert Carroll (@Bobby4Brooklyn) April 18, 2025
On top of that, the bill aims to tighten up sportsbook advertising, which has been a topic of contention for years among those concerned about problem gambling.
The bill also pushes for a total ban on using credit cards to fund betting accounts. Right now, New York’s gaming laws do allow credit card deposits, but they cap that spending at $2,500 a year. The new measure would take things a step further by cutting out credit cards altogether.
If the threshold has been reached, the bill states: “The mobile sports wagering operator shall prevent any wagering until the patron immediately acknowledges that the account holder has met the deposit threshold and may elect to establish responsible gaming limits or close the account.”
A7962 also takes a hard stance on sportsbook advertising. It proposes banning ads that promote “odds boosts” or similar offers, and it would also block any marketing that uses terms like “bonus,” “no sweat,” or “bonus bet.”
The bill also lays out some clear rules for when and where sports betting ads can appear. Under Carroll’s proposal, ads wouldn’t be allowed to run between 8 am and 10 pm local time, and they’d be completely banned during live sports events with no exceptions.
Sports betting limits bill ‘creates guardrails’
In a statement published on X, Carroll wrote: “My bill A7962 creates guardrails to protect NYers who participate in sports gambling.
“This nascent industry is lightly regulated and has harmed thousands of NYers. The least we could do is put specific monetary caps and advertising restrictions.”
This move comes as a similar bill in Connecticut, SB01464, could lead to the establishment of maximum wager limits for online sports betting, while also positioning the state to join the Multi-State Internet Gaming Agreement (MSIGA) for online poker.
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