What's Happening?
Assemblymember Linda Rosenthal has introduced bill A9343 in New York, which seeks to ban live (in-play) sports betting at sportsbooks operating within the state. This legislative move is a response to recent
sports integrity scandals, particularly in professional baseball and basketball, where incidents have raised concerns about the fairness of in-play betting. In-play betting allows wagers to be placed during a game, a practice that has become increasingly popular. For instance, 74% of the total handle in the early NFL season for Genius Sports’ BetVision platform was attributed to in-play wagers. The bill aims to address these integrity issues by potentially reshaping the betting market in New York.
Why It's Important?
The proposed ban on live sports betting could have significant implications for New York's sports betting industry and state tax revenue. In-play betting is a major contributor to the state's gambling tax income due to its high turnover and volume. Eliminating this option could reduce the 9% state tax yield on gambling wins, potentially costing New York millions in annual revenue. Additionally, there is concern that such a ban might drive consumers to unregulated offshore platforms or neighboring states like New Jersey and Connecticut, which could further impact the state's financial interests. The bill reflects a broader legislative effort to balance consumer rights, market fairness, and revenue interests.
What's Next?
As New York legislators prepare to meet in early 2026, the fate of live betting will be a central topic of debate. The legislative session will also consider other related bills, such as those governing wagering limits and advertising. Stakeholders from the sports betting industry are expected to voice their opinions, as these proposals could significantly alter the structure and financial landscape of New York's sports betting ecosystem. Supporters of the bill argue that it could enhance oversight and protect game integrity, while opponents warn that it might harm market competitiveness and state finances.
