New York governor signs bill to ban online sweepstakes casinos
Governor Kathy Hochul has signed a proposal that prohibits platforms using dual-currency payment systems.
US.- New York Governor Kathy Hochul has signed Senate Bill 5935, a proposal that bans online sweepstakes casinos using dual-currency payment systems. The bill passed through the state Assembly and Senate in June.
The New York bill will ban operating, conducting, promoting, or supporting online sweepstakes casinos. It defines an “online sweepstakes game” as any Internet or mobile game that uses a dual-currency system and offers players a chance to win cash prizes while simulating casino-style gameplay, such as slots, table games, poker, bingo, lottery formats, or sports wagering.
Violations may result in fines fines ranging from $10,000 to $100,000. Entities that do not follow the law may lose their gaming licence.
In May, Montana became the first to pass legislation explicitly banning online sweepstakes casinos.
