What's happening
This bill allows games of chance licensees to accept board-approved alternative forms of payment, not just cash, scrip, or chips.
Why it matters
Expands payment options for games of chance. By allowing board-approved alternative forms of payment, this bill could enable cashless transactions, including debit cards, mobile payments, or other emerging technologies, making it easier for participants to play.
Potential for increased participation and revenue. The flexibility in payment methods may attract more participants who don’t carry cash, potentially increasing both attendance and proceeds for organizations running these games.
Greater regulatory oversight and adaptability. By giving the board authority to approve new payment forms, the law can more easily adapt to future financial technologies and ensure that all methods used are secure and appropriate for gambling contexts.
Possible impacts on consumer protection and problem gambling. Easier access to alternative payments may require additional safeguards, as it could make spending less tangible and potentially increase risks of overspending or problem gambling.
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Who cares
Headline styles
Expand Games of Chance Payments
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to racing and wagering
- Referred to racing and wagering
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Allow More Gambling Payment Options
In Senate Committee · Racing, Gaming And Wagering · Sponsor Rich Funke
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
4522
2017-2018 Regular Sessions
IN ASSEMBLY
February 2, 2017
Introduced by M. of A. PRETLOW -- read once and referred to the Committee on Racing and Wagering
AN ACT to amend the general municipal law, in relation to authorizing additional forms of games of chance currency for certain games of chance licensees
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subdivision 20 of section 186 of the general municipal law, as added by chapter 574 of the laws of 1978, is amended to read as follows:
20. "Games of chance currency" shall mean legal tender or a form of scrip or chip authorized by the board, or any other form of payment approved by the board, any of which may be used at the discretion of the games of chance licensee.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04252-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.