New York Attorney General Letitia James issued a consumer alert urging New Yorkers to be aware of deceptive online sports betting companies.
Sunday’s Super Bowl was the first major sports event that New Yorkers could bet on online. Since online sports gambling became legal in New York last month, New Yorkers have been bombarded with misleading ads on social media and streaming sites that claim “risk-free” bets and “$1,000 welcome offers,” which sound like free money, but often come with strings attached without consumers’ awareness.
Online sports betting platforms allow consumers to place bets through websites or mobile apps for a variety of sporting events. Attorney General James offers the following tips to protect consumers from predatory and misleading sports betting platforms: learn what other users are saying about the platform, read the fine print on bonuses and other promotions, and beware of unexpected restrictions on accessing your account.
If gambling is a problem for you or someone in your life, call the New York Council on Problem Gambling 24-Hour problem gambling helpline at 1-877-846-7369 or TEXT: HOPENY (467369).