Sweepstakes Casinos on the Chopping Block in New York: Unexpected Turn for the iGaming Industry
NY Senate Committee Pushes Forward Legislation Prohibiting Sweepstakes Businesses
Author: Michael "Mad Dog" Savio ⏰ 03/21/2025 03:02
Main Ideas:
- New York's Senate Bill S5935 aims to shut down sweepstakes casinos and sportsbooks.
- The proposed legislation seeks to enhance industry regulation.
- Sweepstakes platforms don't accept real-money wagers, but that might change if S5935 becomes law.
Michael "Mad Dog" Savio is your go-to guy for all things casino-related in the US online gaming scene. With years of experience in the industry, including his Las Vegas days, Michael brings you unparalleled insights on online casinos, reviews, and news articles. Catch up on Michael's latest work at casinos.com/g00sefactory to stay in the loop!
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More Developments:
Want to know more about the latest sweepstakes casino bill making waves in New York? Here's what you need to know:
- Status Update: As we speak, S5935 has been advanced by the New York Senate committee and is making its way through the legislative process [1][4].
- Key Provisions: S5935 targets sweepstakes games available online in New York, banning their operation, conduct, and promotion. Violators will face fines of up to $100,000 and potential loss of licenses [2][3].
- Assembly Counterpart: Assemblywoman Carrie Woerner presentation of an identical bill, A6745, in the New York State Assembly [3].
- Impact: The impending ban has already driven multiple sweepstakes gaming sites out of New York [2][3].
Stay tuned for updates as S5935 moves through the legislature and nears potential voting. Keep in mind that the final vote hasn't been reported yet!
- "The proposed legislation in New York, S5935, aims to ban the operation, conduct, and promotion of sports betting on sweepstakes platforms, and violators could face fines of up to $100,000 and potential loss of their licenses."
- "Michael 'Mad Dog' Savio, an industry veteran with experience in Las Vegas, provides insights on the potential impact of S5935 on online casinos and sweepstakes casinos in his latest work."
- "While sweepstakes platforms currently do not accept real-money wagers, the passage of S5935 could change this, moving the sector closer to traditional online casino and gambling practices."
- "In the evolving iGaming industry, other gambling avenues such as casino games, lotteries, and online casinos may also be affected by the potential ban on sweepstakes casinos in New York."
- "Responsible gambling advocates argue that the ban on sweepstakes casinos is a step towards a more regulated and transparent gambling environment, ensuring that all forms of gambling, including those offered by Elbert, adhere to strict guidelines."
- "Looking forward to 2025, the iGaming industry stands on the brink of a significant shift in New York as S5935 moves through the legislative process, potentially opening the door for further regulations across casino-and-gambling activities."
