New York bill would create prop bet task force to study risks
A New York Senator believes the state needs to take a long, hard look at prop bets to decide whether the potential risks are worth it.
Sen. Jeremy Zellner introduced Senate Bill 10153 this week, and it was referred to the Senate Committee on Racing, Gaming, and Wagering on Thursday.
The legislation would establish a “proposition betting task force” within the Rockefeller Institute of the state government to study proposition bets. The bill’s summary specifies that the independent task force would place a particular focus on assessing ‘under’ prop wagers, wherein gamblers bet on an individual athlete falling below a certain statistical threshold for things such as points scored, strikeouts recorded, and many others.
What would a NY prop bet task force look like?
The proposed task force would be made up of four members: two appointed by the Governor, one appointed by the state Assembly, and another chosen by the Senate.
The bill states that the task force would analyze:
The types, ..