Legislation advancing in New York for casino sweepstakes ban
📣 Breaking: New York Takes On Sweepstakes Casinos
destination: New York Cityvibes: Gaming Revolution
New York has joined the bandwagon to curb the proliferation of sweepstakes casinos across the US. The Assembly Racing and Wagering Committee has thrown its weight behind Assembly Bill 6745, a bill aimed at putting a stop to the momentum of online wagering, that has been derailing gamers nationwide.
Assembly Bill 6745 has expansive implications. It's not just the digital gaming platforms that would be affected, but legitimate gambling establishments as well. Sweepstakes will be declared off-limits under the proposed legislation. Defying the new rules could land you in hot water, facing a hefty fine of between $10,000 and $100,000 for each violation.
But worry not, those fines aren't going to waste. They'll be diverted to a good cause - funding initiatives aimed at educating and treating gambling addicts. The Commercial Gaming Revenue Fund will be the fortunate recipient of these fines.
💡 Insight: The New York legislature is actively working on two bills, Senate Bill 5935 and Assembly Bill 6745, both aiming to ban online sweepstakes games that utilize a dual-currency system. These bills are still under consideration in the Senate and Assembly respectively, with fines serving as a deterrent to illegal gambling activities and funding gambling-related support programs.
🔎 More to Know: Senate Bill 5935 is awaiting a vote on the Senate floor, while Assembly Bill 6745, sponsored by Assemblymember Carrie Woerner, has been approved by the Assembly Racing and Wagering Committee and is now under consideration by the Standing Committee on Codes. Additionally, both bills propose fines and license revocations for violators, including service providers facilitating these games. A significant portion of the fines collected from banned online sweepstakes games under Assembly Bill 6745 are intended to fund problem gambling initiatives in New York. source source source source
- The new legislation in New York, Assembly Bill 6745, intends to regulate not only digital gaming platforms but also traditional casinos, as sweepstakes will be declared illegal under the proposed law.
- Violating the new rules could result in significant fines, ranging from $10,000 to $100,000 per violation, acting as a deterrent for illegal gaming activities in the casino-and-gambling business.
- The fines imposed as a result of this legislation will be channeled towards a good cause, specifically funding initiatives aimed at educating and treating gambling addicts, with the Commercial Gaming Revenue Fund serving as the recipient.
- Assemblymember Carrie Woerner, the sponsor of Assembly Bill 6745, is working alongside the Senate to curb problematic online games, with both bills proposing fines and potential license revocations for violators, including service providers facilitating these games.
