VGW's New York settlement took effect August 31, 2026, combining an $8 million payment commitment with a limited one-year redemption route.
VGW entered a settlement with the New York attorney general that took effect August 31, 2026. The attorney general announced the agreement on September 9.
Under the Assurance of Discontinuance, VGW agreed to pay New York $8 million in disgorgement, restitution, penalties and costs within 14 days of the effective date. The agreement is a payment commitment, not proof that the money had already been paid or that all $8 million was reserved for players.
The settlement prohibits specified wagering involving redeemable virtual items by New York residents. It names Chumba Casino, LuckyLand Slots and Global Poker. VGW neither admitted nor denied the attorney general's findings, and the agreement says it is not an admission of liability.
Who received the one-year redemption route
The agreement requires VGW to maintain a request process for one year, but only for a defined group of New York residents who did not receive the earlier phase-out notice described in the settlement.
For an eligible person, the process covers coins held in the account on June 2, 2025 that qualified for redemption on that date. The exchange rate and redemption rules in effect then apply. The provision does not reopen every former balance or establish a universal cash value for sweepstakes coins.
Keep the notice and any evidence of eligibility with your account records. The closure and state-exit checklist covers what to save.