New York Senate amendment gives gaming commission power over sweepstakes bill
An amendment to New York Senate Bill 5935 would authorise the New York State Gaming Commission to determine what constitutes a dual-currency system, the report said. The proposed bill would prohibit online contests or promotions using such a system to enable cash prizes, while the Social and Promotional Games Association criticised the amendment. Violations could bring fines of $10,000 to $100,000 and loss of licensing.
The bill could expose sweepstakes operators and promoters in New York to fines and licensing consequences.