Prohibits certain practices related to loot boxes
What changed between versions
The bill was moved from the General Business Law to the Racing, Pari-Mutuel Wagering and Breeding Law, changing the legal authority from consumer affairs to gaming regulators.
Enforcement authority was added for the State Gaming Commission and State Police, allowing them to investigate, issue cease and desist letters, and subpoena records.
The definition of 'liquid digital item' was expanded to include any item that can be sold, resold, transferred, or monetized through third-party marketplaces or intermediaries.
New restrictions were added prohibiting financial institutions, payment processors, and media affiliates from supporting the operation of illegal loot boxes within the state.
Fines collected for violations must now be deposited into the Commercial Gaming Revenue Fund specifically for problem gambling education and treatment, rather than a general fund.
The bill text was updated to reflect its new status as an amended version (A9044A) with a committee discharge and recommitment note.