Bill

A 8928

Relates to prohibiting mobile sports wagering operators and platforms from allowing more than five deposits from an authorized sports bettor in twenty-four hours

2025 Regular Session Introduced by John McDonald and 1 co-sponsor

Limits mobile sports wagering by banning more than five deposits from a single authorized bettor within 24 hours; forces operators to monitor deposits and protect consumers.

REFERRED TO RACING AND WAGERING

WeVote Research Nonpartisan

Bill Summary · A 8928

Summary of Assembly Bill A 8928

Purpose and intent

A 8928 proposes to restrict mobile sports wagering by prohibiting operators and platforms from allowing more than five deposits from a single authorized sports bettor within any 24-hour period. The goal appears to be enhancing consumer protections and reducing the risk of rapid, excessive funding of wagering accounts.

Key provisions (as implied by the bill’s title)

Prohibition on deposits: Mobile sports wagering operators and platforms would be barred from processing more than five deposits for one authorized bettor in a 24-hour window.
Scope: The rule would apply to all mobile sports wagering operators and platforms operating under the state’s regulatory framework.
Definitions: The bill would define terms such as “deposit” and “authorized sports bettor,” with those definitions governing the bill’s applicability and enforcement.
Compliance and monitoring: Operators would need to implement and enforce the 24-hour deposit limit and maintain records sufficient for oversight (details would appear in the full text of the bill).
Penalties and enforcement: The provided materials do not specify penalties or enforcement mechanisms; those specifics would be outlined in the enacted text if the bill advances.

Who is affected

Mobile sports wagering operators and platforms operating in the state.
Authorized sports bettors who use mobile wagering services, as their deposit activity would be subject to the cap.

Procedural history and status

Introduced: July 16, 2025.
Status: Referred to the Racing and Wagering committee.
Legislative actions: The bill shows two identical refer actions on July 16, 2025 (likely reflecting initial referral events).

Potential impact and considerations

Consumer protection: Could reduce risks associated with rapid, repeated deposits and potential problem gambling patterns.
Industry impact: Operators would need real-time monitoring and enforcement of the deposit cap, possibly affecting user experience and deposit flow.
Policy questions: Definitions of “deposit” and “authorized sports bettor,” any exemptions (e.g., linked accounts, transfers between accounts, or institutional players), and the consequences for non-compliance would be clarified in the bill’s full text.

Note: The summary reflects information provided and the bill’s stated title. The actual statutory language would provide precise definitions, scope, enforcement mechanisms, and penalties.

Compiled from official sources — confirm details with the bill’s official record.