New York Moves Closer to Mandatory Monthly Sports Betting Account Statements
In a significant step toward greater consumer protection and financial transparency in the online gambling industry, New York has advanced legislation that would require licensed sports betting operators to provide customers with detailed monthly account statements. The proposal, which has now cleared both chambers of the state Legislature, marks one of the most targeted efforts by any U.S. state to hold sportsbooks accountable for how they communicate financial activity to their users.
As sports betting continues to grow into a multi-billion-dollar industry across the country, consumer advocates and lawmakers have increasingly raised concerns about how well bettors can track their own spending. This new bill aims to close a critical information gap that many argue contributes to problem gambling behaviors — and New York appears poised to become the first state to make such disclosures a legal requirement.
What Is Assembly Bill A10329?
Assemblymember Rebecca Kassay introduced Assembly Bill A10329 on February 20, 2026. After its introduction, the measure was referred to the Assembly Committee on Racing and Wagering for review before advancing through the broader legislative process. The bill's swift movement through both chambers of the state Legislature signals strong political will behind the idea of requiring more transparency from online sportsbook operators licensed to do business in New York.
At its core, the bill would compel online sports betting companies to send customers a comprehensive monthly account statement — similar in concept to what banks and credit card companies already provide. These statements would give bettors a clear, itemized view of their gambling activity, including deposits, withdrawals, total wagers placed, net wins or losses, and any bonuses or promotional credits applied to their accounts.
This kind of regular financial reporting is routine in traditional financial services, yet it has remained largely absent from the online gambling sector despite the industry's explosive growth since the Supreme Court's 2018 ruling that opened the door for states to legalize sports wagering.
Why Monthly Sports Betting Statements Matter for Consumers
One of the most consistent findings in problem gambling research is that bettors frequently underestimate how much they spend. The fast-paced, app-based nature of mobile sports betting — where deposits and wagers can happen with a few taps on a screen — makes it particularly easy to lose track of cumulative spending over time. Unlike a bank statement that arrives each month and prompts a financial review, most sportsbook apps present account data in ways that can feel abstract or that don't encourage long-term reflection.
Monthly statements would change that dynamic in several meaningful ways:
- Spending awareness: A monthly summary forces users to confront the actual dollar amounts they have wagered and lost over a set period, rather than viewing each bet in isolation.
- Budgeting support: Bettors who are trying to manage their gambling as part of a personal budget would have a reliable, standardized document to reference when making decisions.
- Early intervention signals: Significant month-over-month changes in betting volume could serve as a trigger for both the individual and, potentially, for responsible gambling tools already built into sportsbook platforms.
- Tax preparation: Detailed records of wins and losses are directly relevant to federal and state tax obligations, and monthly statements would provide bettors with documentation that is often difficult to compile after the fact.
New York's Role as a National Leader in Sports Betting Regulation
New York has long been one of the most closely watched states in the U.S. sports betting market. Since launching mobile sports wagering in January 2022, the state has consistently ranked among the highest in the nation for total handle — the amount of money wagered — often surpassing New Jersey, Nevada, and other well-established markets. That scale gives New York's regulatory decisions an outsized influence on the broader industry.
When a market as large as New York adopts a new consumer protection standard, other states tend to take notice. The passage of Assembly Bill A10329 could establish a template that lawmakers in states like New Jersey, Pennsylvania, Illinois, and Michigan choose to follow in subsequent legislative sessions. Advocacy groups focused on gambling harm reduction have already pointed to monthly statement requirements as a best practice that the industry should adopt voluntarily — meaning New York's move could accelerate voluntary adoption elsewhere even before other legislatures act.
Industry Response and Implementation Challenges
The major online sportsbook operators active in New York — including DraftKings, FanDuel, BetMGM, and Caesars Sportsbook — have not publicly opposed the bill, though implementation will require meaningful investment in back-end systems and customer communication infrastructure. Generating standardized, readable monthly statements at scale across millions of active accounts is technically achievable, but operators will need to ensure the documents are accurate, consistent, and delivered reliably each month.
There is also a question of format and accessibility. For monthly statements to serve their intended purpose, they must be presented in a way that is easy for the average bettor to understand — not buried in dense account data or hidden behind multiple menu layers in an app. Advocates are likely to push for clear, consumer-friendly formatting requirements as the bill moves toward potential signing into law.
What Happens Next
With both chambers of the New York State Legislature having advanced the bill, the next step is for the measure to reach Governor Kathy Hochul's desk for signature or veto. If signed into law, implementation timelines and specific regulatory guidance would likely be developed by the New York State Gaming Commission, which oversees licensed sports betting operators in the state.
For bettors, advocates, and industry observers alike, the passage of Assembly Bill A10329 represents a meaningful shift in how New York expects its licensed operators to treat their customers — not simply as sources of revenue, but as individuals who deserve the same kind of financial transparency that is standard practice across every other sector of consumer finance. As the sports betting industry matures, measures like this one may come to be seen not as burdens on operators, but as the baseline of responsible, trustworthy business practice.