New York Is One Senate Vote Away From Requiring Monthly Sports Betting Statements for All Active Bettors

New York is advancing legislation that would require licensed sports betting operators to send monthly statements to all active bettors, disclosing wagering activity, net wins and losses, and total deposits over the prior month. The measure, which has already cleared the state Assembly, now awaits a vote in the Senate before the current legislative session ends. If enacted, New York would become the first state in the country to mandate this level of ongoing wagering transparency disclosure directly to consumers at a regular cadence.

New York has been at the center of sports betting policy debates since it launched online wagering in January 2022. The state operates one of the highest tax rate structures in the country at 51% on gross gaming revenue, a figure that has drawn ongoing criticism from major operators including FanDuel and DraftKings, who have publicly argued that the rate limits their ability to offer competitive odds and promotional products to bettors. The state generated approximately $2 billion in tax revenue from online sports betting in its first full year of operation and has been one of the largest markets by handle in the country since launch.

What the Monthly Statement Bill Would Require

Under the proposed legislation, operators licensed in New York would be required to generate and deliver monthly account summaries to any customer who placed at least one wager during that calendar month. The statements would be required to include total deposits made, total amount wagered, total winnings, and the bettor’s net position for the month. Supporters of the bill argue the disclosures would help bettors track their gambling expenditure more accurately and could serve as an early intervention tool for those developing problematic wagering patterns. Responsible gambling advocates have been among the supporters, arguing that many bettors do not regularly review their account histories and that automated monthly disclosures would provide a meaningful prompt for self-reflection.

Sportsbook operators have not publicly embraced the proposal. Major platforms including FanDuel and DraftKings already offer account history and transaction summaries within their apps and websites, but they are not currently required to push monthly statements to customers on a standardized basis. Industry observers note that mandatory disclosure requirements add compliance costs and could create liability exposure if consumers later claim the statements were misleading or incomplete. New York’s sportsbooks are already subject to some of the most stringent regulatory requirements in the country; bettors can review current platform options through the New York sports betting guide. The legislation’s fate will likely be decided in the final days of the New York legislative session.

A Broader Transparency Trend

The New York bill reflects a growing national interest in consumer transparency requirements for sports betting. Several states have considered or enacted measures designed to ensure bettors have better visibility into their wagering history and expenditure patterns. Ohio passed a law in 2025 requiring operators to allow customers to easily access a full 12-month wagering summary. Advocates say the monthly statement approach goes further by making disclosure automatic rather than requiring consumers to proactively seek out the information. If New York’s bill passes, it will likely be watched closely by regulators in other states considering similar measures.