New York Assemblymember Robert Carroll introduced a bill that would put a $5,000 daily cap on sports-betting wagers, limit deposits and tighten advertising rules for the state’s mobile and casino wagering market.
The measure, A7962, was introduced in the Assembly on April 16, 2025 and referred to the Committee on Racing and Wagering. It would amend New York’s racing, pari-mutuel wagering and breeding law to regulate sports betting and sports-betting advertising campaigns.
Under the bill text, authorized sports bettors would be barred from wagering more than $5,000 in any 24-hour period. They would also be limited to five deposits in 24 hours, and mobile sports wagering operators would be prohibited from accepting credit card deposits.
The proposal would go further on promotions. Mobile sports wagering advertisements could not use phrases such as “bonus”, “no sweat” or “bonus bet”, and ads for contests and prizes could not run between 8 a.m. and 10 p.m. local time or during live sporting events.
The bill also says advertisements that refer to the chances of winning must be clear and not misleading about those chances or the number of winners. Mobile operators would have to provide a responsible-play internet page with specified contents, and link to it on their website and in their apps or other electronic platforms.
A7962 would also create self-exclusion and self-imposed gaming limits on daily, weekly and monthly bases. In addition, once a patron’s lifetime deposits exceeded $2,500, wagering would have to stop until the customer acknowledged that threshold and either chose responsible-gaming limits or closed the account.
Carroll told Front Office Sports that he was pushing the legislation on health and safety grounds to protect against problem gambling. He said the industry was “lightly regulated” and had “harmed thousands of NYers”, adding: “The least we could do is put specific monetary caps and advertising restrictions. FYI—I have a Caesars account.”
The proposal lands in a state that has become the country’s largest sports-betting market by handle. Front Office Sports reported that New York’s 2024 sports-betting handle was $22.6 billion, up 18% from 2023, and that it generated more than $1 billion in tax revenue for the state.
Lineups.com said New York online sportsbooks went live in 2022 and quickly started breaking records, while the state’s 51% sports-betting tax rate is the highest in the nation, tied with New Hampshire and Rhode Island.
Opponents have argued that tighter limits could push bettors toward nearby New Jersey and Connecticut in the New York City area.
The bill would still need to clear the Assembly, pass the Senate and reach Gov. Kathy Hochul’s desk before it could become law.
