New York
Statute in force
Template A: Dual currency, casino-style game, cash or cash-equivalent prize.
- Payment processors and financial institutions are described as reached, per statute text.
- Template A: Dual currency, casino-style game, cash or cash-equivalent prize
Records read Oct 16, 2026 · counsel review pending
The statute
S5935-A / A6745-A (Ch. 605 of 2025; Racing, Pari-Mutuel Wagering and Breeding Law §912)
- Template A · Dual currency, casino-style game, cash or cash-equivalent prize
- Signed Dec 5, 2025
- In effect from Dec 5, 2025
- The text takes effect immediately.
- Penalty: $10,000 to $100,000 per violation, collected by the Gaming Commission, plus loss of or ineligibility for a gaming licence.
- The text leaves it to the state gaming commission to determine what constitutes a dual-currency system; our research found no commission determination.
Who it reaches
Operators, Financial institutions, Payment processors, Geolocation providers, Game suppliers, Platform providers, Affiliates and media
- Operators: described in statute text
- Financial institutions: described in statute text
- Payment processors: described in statute text
- Geolocation providers: described in statute text
- Game suppliers: described in statute text
- Platform providers: described in statute text
- Affiliates and media: described in statute text
Bills, enforcement and litigation
1 note
- The NY AG settled with VGW for $8m on 2026-09-09; the AG theory treats cash-redeemable coins staked on chance games as gambling however the coins were obtained.
- Sweepstakes casinos: the full analysis for buildersHow the dual-currency model is built, what the free method of entry answers and what it does not, the seven theories states now use, where the cases stand, and the designs each state’s law leaves standing.Apparently Law · Sep 25, 2026 · current to Sep 28, 2026Sweepstakes casinosCaliforniaFloridaMaineNew York+1 more
- Sweepstakes casinos: what the statutes leave standingCalifornia’s and New York’s bans define the product in cumulative parts. What each part leaves open, what the operators have done with it, and why outside a statute is not the same as lawful.Apparently Law · Sep 23, 2026 · current to Sep 28, 2026Sweepstakes casinosCaliforniaFloridaNew YorkWashington
- Sweepstakes casinos: four states, four ways past the free method of entryNew York defined the product, California counted the free coin, Tennessee called it a lottery and Illinois called it internet gambling — read in the statutes’ own words, and against the operators’ own terms.Apparently Law · Sep 22, 2026 · current to Sep 28, 2026Sweepstakes casinosCaliforniaIllinoisNew YorkTennessee
- nysenate.govPrimary source · read Dec 5, 2025
- casinoreports.comTrade or law-firm press · Dec 2025
- ag.ny.govPrimary source · Sep 9, 2026
Information, not legal advice; a description of the sources on the dates shown, not a conclusion about any product. Sweepstakes casinos.