The Gaming Coalition claims that a sweepstakes ban would cost New York $230 million a year.

The Social Gaming Leadership Alliance (SGLA), a gaming advocacy group, cautioned that prohibiting sweepstakes platforms would cost the state hundreds of millions of dollars in lost tax income and that regulation of these platforms might increase New York’s tax revenue by tens of millions.

The assertion is included in a recent economic modelling study that was done for the SGLA and illustrates the financial impact of social games played online in New York. According to a report released by the research firm Eilers & Krejcik, the state economy benefited from the sweepstakes business in 2024 to the tune of over $230 million, which included more than $135 million in interchange fees paid to card issuers based in New York.

Additionally, according to the research, a regulatory framework might result in an additional $80 million in revenue each year from taxes on player purchases, operator registration fees, and increased market access and advertising.

Citing a recent survey that indicated 84% of Americans support updating sweepstakes regulations, the SGLA further asserted that voters prefer regulation and taxation to prohibitions.

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The SGLA opposes Governor Newsom’s signature of the sweepstakes prohibition law.

After California Governor Gavin Newsom signed Assembly Bill 831, which outlawed online social games with sweepstakes marketing, the SGLA likewise voiced its displeasure.

Legislators and other stakeholders contended that sweepstake sites were essentially providing gaming platforms to California residents without being subject to regulation, despite resistance from industry associations and certain tribal interests.

The absence of player protection was another issue brought up.

Numerous other states have already taken action against sweepstakes casinos, including Nevada, Montana, New Jersey, and Louisiana, and more are probably going to do the same. According to the SGLA, it will keep advocating for legislative frameworks that safeguard consumers and boost economies.

A New York bill seeks to safeguard profitable sports wagerers.

Assemblymember Alex Bores recently proposed legislation in New York that would prohibit licensed sportsbooks from restricting or outright prohibiting wager levels just because a player wins too frequently, unless the actions are related to issues of sports integrity or responsible gambling. If legislation is passed, New York would be the first state in the United States to have such safeguards.

Fairness was a major worry, according to Bores, who also pointed out that sportsbooks frequently ban winning wagerers in order to preserve profit margins, much like casinos do with table winners.

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