Prohibits mobile sports wagering operators from being eligible to receive the excelsior jobs program credit

Latest action May 8, 2026

Prohibits mobile sports wagering operators, including parent companies or subsidiaries thereof, from being eligible to receive the excelsior jobs program credit.

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Where it stands

Out of committee and scheduled for a vote by the full chamber.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

New York State Senate

Same as A10513, the matching bill in the Assembly.

Amends the Economic Development Law.

Committee

Commerce, Economic Development And Small Business · New York State Senate

Purpose, from the sponsor's memo

This legislation simply prohibits sports wagering operators from receiv- ing the Excelsior Jobs Program tax credits.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Cosponsors

Alicia Hyndman, John T. McDonald III and 2 more on Agora

Democratic3
Republican1

See the full list on nysenate.gov

The sponsor's argument

Why Siela Bynoe says this is needed

On February 23rd, 2026, Governor Hochul announced that Fanatics would be receiving up to $5 million in performance-based Excelsior Jobs Program tax credits. As Fanatics runs several services including Fanatics Betting & Gaming, this would allow taxpayer money to subsidize a sports betting operator. This is especially concerning, given an increasing number of New Yorkers have been developing problem gambling addictions since the legalization of mobile sports betting in 2021 and app launches in 2022. According to the Office of the New York State Comptroller in 2023, calls to the problem gambling hotline are on the rise as gaming expansion continues. The Office also states that, "Research indicates higher rates of gambling problems occur among individuals wagering with a mobile device, enabled by the accessibility, privacy and ease of smartphone use." This bill would help prevent worsening problem gambling addiction in the state by prohibiting sports wagering operators from receiving the Excelsior Jobs Program tax credits.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.

Full history

May 8, 2026
Referred to committee
REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS
NY Senate
Apr 21, 2026
Reported out of committee
REPORTED REFERRED TO WAYS AND MEANS
NY Assembly
Mar 6, 2026
Referred to committee
REFERRED TO ECONOMIC DEVELOPMENT
NY Assembly

About this record

Summary: The summary comes from NY Open Legislation, the New York State Senate's public record. For more, see How we handle summaries.
Cosponsors: The list shows the cosponsors who are on Agora, A to Z. The official record may list more.
Party colors: Parties are shown in the same neutral colors.
Source: From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 21, 2026. About our data

Read the record

Read on NY Senate (opens in a new tab) The official record on nysenate.gov.

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