Prohibits mobile sports wagering operators from providing certain incentives to individuals for certain actions that tend to increase gambling activities.
Impact
The GUARD Act could have significant implications on the landscape of sports wagering in New York. By limiting the types of promotional offers that wagering operators can provide, the bill intends to mitigate the risks associated with gambling, ensuring that players are more aware of their gambling habits and the potential consequences. This aligns with broader state goals of enhancing responsible gaming practices and protecting vulnerable individuals from the pressures of gambling addiction.
Summary
Bill A09542, also known as the 'Gamblers Unfairly Abused by Reward Dynamics (GUARD) Act,' aims to amend existing statutes concerning mobile sports wagering in New York. The proposed legislation seeks to prohibit mobile sports wagering operators from providing various incentives, including bonus bets and monetary rewards, to encourage gambling activities. This move is designed to address concerns about excessive gambling and the potential increase in gambling addiction among users enticed by financial incentives.
Contention
Some legislators may view the restrictions placed on operators as necessary for public health, while others might argue that these prohibitions could hinder the growth of the state's burgeoning mobile sports wagering market. Supporters of the GUARD Act assert that it promotes a safer environment for gamblers, as it encourages more responsible gambling practices. However, critics could contend that it risks limiting customer engagement and stifling competition in a rapidly evolving industry focused on attracting new users.
Same As
Prohibits mobile sports wagering operators from providing certain incentives to individuals for certain actions that tend to increase gambling activities.
Prohibits mobile sports wagering operators from providing certain incentives to individuals for certain actions that tend to increase gambling activities.
Prohibits mobile sports wagering operators and mobile sports wagering platforms from allowing more than five deposits from an authorized sports bettor in a twenty-four hour period.
Requires mobile sports wagering operators to submit anonymized data to the gaming commission; authorizes the gaming commission to share such data for the purposes of studying the impact of mobile sports wagering on problem gambling.
Provides that mobile sports wagering operators and mobile sports wagering platforms are prohibited from limiting the size and frequency of deposits or wagers of authorized sports bettors because the bettor obtains financial benefit or due to the bettor's waging activity; provides exceptions for suspicious wagering activity and indications of a gambling disorder; requires such operators and platforms to provide electronic written notice when an authorized sports bettor is limited or banned.
Prohibits mobile sports wagering operators from enabling or otherwise permitting authorized sports bettors to deposit or withdraw funds to or from their account through gift certificates, open loop gift certificates, or e-wallets.
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.
Requires mobile sports wagering operators when providing information regarding compulsive play, all links and referrals for counseling, therapy or treatment services shall direct account holders to the problem gambling services webpage maintained the office of addiction services and supports.
Requires mobile sports wagering operators when providing information regarding compulsive play, all links and referrals for counseling, therapy or treatment services shall direct account holders to the problem gambling services webpage maintained by the office of addiction services and supports.