New York lawmaker proposes banning sportsbooks from limiting sharps
A New York Assemblymember wants to tackle the issue of sportsbooks limiting bettors in the state legislature.
Democrat Asm. Alex Bores filed A9125 on Sept. 26. The bill aims to prevent sports betting operators from limiting the size and frequency of deposits or bets made by authorized sports bettors, or from banning them based on their success rate.
The bill, which has been referred to the Committee on Racing and Wagering, would amend state law to stipulate that sportsbooks cannot limit or kick out users because said user obtains financial benefit from their wagering activity.
Exemptions would be made when it is deemed that betting activity constituted suspicious wagering activity or suggests that the bettor may have a gambling disorder, as defined in state law.
In addition, whenever an authorized sports bettor is limited or banned, the operator would have to provide written notice to the bettor within 24 hours to explain the reasoning behind and the nature and parameters of the li..