New York Moves Closer to Requiring Monthly Sports Betting Account Statements
New York has taken a significant step toward greater transparency in the online sports betting industry. A bill that would require licensed sports betting operators to provide customers with detailed monthly account statements has now cleared both chambers of the state Legislature, signaling a potentially major shift in how the industry communicates with its users. If signed into law, the measure could set a powerful national precedent for consumer protection in the rapidly growing world of online sports wagering.
What Is Assembly Bill A10329?
Assembly Bill A10329 was introduced by Assemblymember Rebecca Kassay on February 20, 2026. The legislation was initially referred to the Assembly Committee on Racing and Wagering, where it underwent review before advancing through the full legislative process. Having now cleared both the Assembly and the Senate, it awaits action from the governor before it can become law.
At its core, the bill targets the lack of financial transparency that has long characterized online sports betting platforms. Unlike a bank or credit card company, most sportsbook operators have not been required to send customers a running summary of their activity. This legislation would change that by mandating that operators deliver itemized monthly statements directly to account holders, giving bettors a clearer and more consistent picture of their wagering behavior.
Why Monthly Sports Betting Statements Matter
The push for mandatory account statements is rooted in consumer protection and responsible gambling advocacy. For millions of New Yorkers who place bets through apps like FanDuel, DraftKings, BetMGM, and Caesars Sportsbook, the experience of online betting can be remarkably seamless — and dangerously invisible. Deposits, withdrawals, and losses can accumulate quickly without any structured summary to bring spending into sharp focus.
Requiring monthly statements would give bettors the same kind of financial awareness that comes naturally with banking and credit card use. Seeing a month's worth of bets, net losses or gains, and total spending laid out in a single document could serve as a meaningful check on impulsive behavior and help individuals recognize patterns of problem gambling before they escalate.
Advocates for responsible gambling have long argued that transparency is one of the most effective tools available to combat gambling addiction. When people have access to clear and organized records of their activity, they are better equipped to make informed decisions about whether and how much to continue betting.
The Broader Context: New York's Sports Betting Landscape
New York legalized mobile sports betting in January 2022 and quickly became one of the largest sports betting markets in the United States. The state has consistently ranked among the top markets by handle, with billions of dollars wagered each year through its licensed online platforms. That scale also means that the potential for financial harm is substantial, making regulatory oversight all the more important.
Since launching its mobile sports betting market, New York has collected hundreds of millions of dollars in tax revenue. However, critics have pointed out that the rapid growth of the industry has outpaced the development of meaningful consumer safeguards. Assembly Bill A10329 represents one of the most concrete legislative efforts to close that gap.
What the Monthly Statements Would Include
While the full scope of the statement requirements would be defined through regulation, the intent of the bill is to give bettors a comprehensive monthly accounting of their activity on licensed platforms. This is expected to include key data points such as:
- Total amount deposited during the month
- Total amount withdrawn during the month
- Net wagering activity, including wins and losses
- Individual bet history or a summary of betting transactions
- Current account balance
- Any bonuses, promotions, or credits applied to the account
By receiving this information on a regular monthly basis, bettors would no longer need to manually dig through their accounts to understand their overall financial position. The statement would arrive automatically, similar to a bank statement, creating a standardized touchpoint between the operator and the customer.
A National Precedent in the Making
If New York's governor signs the bill into law, the state could become the first in the nation to formally require monthly account statements from licensed online sportsbooks. That distinction carries significant weight. New York has historically been a policy leader, and action taken here often inspires similar legislation in other states.
Several other states that have legalized sports betting have been exploring enhanced transparency measures, and a successful rollout in New York could accelerate that trend nationwide. Operators who do business across multiple states may also begin standardizing their statement practices preemptively, even before being legally required to do so elsewhere.
Industry Reaction and What Comes Next
The response from the sports betting industry remains to be seen, though operators have generally been cautious about legislation that adds compliance requirements. Some may argue that customers already have access to their betting history through their apps and account dashboards, making mandatory statements redundant. Proponents of the bill, however, contend that passive access to data is not the same as actively delivering that information to a customer each month.
The bill now heads to Governor Kathy Hochul's desk, where it awaits a signature or veto. Given the strong bipartisan support it has received in both legislative chambers, advocates are optimistic about its prospects.
Final Thoughts
New York's advancement of Assembly Bill A10329 marks a meaningful moment in the evolution of sports betting regulation in the United States. By requiring online sportsbooks to send monthly account statements to their customers, the state is prioritizing transparency, consumer awareness, and responsible gambling in a way that few jurisdictions have attempted before. For bettors in New York and across the country, this kind of legislative progress is a step in the right direction — one that puts the financial wellbeing of the individual front and center in an industry that has not always made that a priority.