{"id":201259,"date":"2022-02-11T04:59:28","date_gmt":"2022-02-11T12:59:28","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=201259"},"modified":"2022-02-11T12:58:36","modified_gmt":"2022-02-11T20:58:36","slug":"new-york-attorney-general-tells-residents-mobile-sportsbooks-may-mislead-them","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/new-york-attorney-general-tells-residents-mobile-sportsbooks-may-mislead-them\/","title":{"rendered":"New York Attorney General Tells Residents Mobile Sportsbooks May ‘Mislead’ Them"},"content":{"rendered":"

New York State Attorney General Letitia James issued a consumer alert to residents Thursday afternoon. Just days before Super Bowl LVIII, she warned residents to watch out for so-called \u201cscammers\u201d in online sports betting.<\/p>\n

\"New
New York Attorney General Letitia James on Thursday issued an alert advising residents about deceptive practices from the mobile sports betting operators that recently launched their apps in the state. (Image: Columbia University)<\/figcaption><\/figure>\n

The announcement comes a month after the first licensed apps went online<\/a>. Currently, seven of the nine approved operators are active in New York.<\/p>\n

\n

In the alert, she said New Yorkers have been flooded with ads for state-approved sports betting apps that make deceptive claims about risk-free bets and bonuses available to users. She cited an unnamed sports betting app that advertised a $1,000 enrollment bonus. However, in order to earn that amount, the player would need to make $25,000 in wagers during the eligibility period.<\/p>\n<\/div>\n

That description matches what DraftKings is offering New York bettors through Feb. 27. To qualify for the $1,000 deposit bonus, a new user must first deposit $5,000 to be eligible for the maximum bonus amount. That’s equal to 20 percent of the deposit. From there, the user receives $1 in bonus funds for every $25 wagered within their first 90 days after the initial deposit.<\/p>\n

She also cited sports betting operator policies regarding \u201crisk-free\u201d bets that pay out in site credits if the initial bet loses.<\/p>\n

James Urges Residents to Research Apps<\/h2>\n

In her alert, James called on people using the Super Bowl for their first time using a legal sports betting app to exercise caution.<\/p>\n

Don\u2019t let scammers game your gamble,\u201d she said. \u201cBefore placing a bet, do your research into the platform, read the fine print of the offer, and follow our other tips to avoid any red flags and keep the odds in your favor. Online sports betting companies that fumble their advertising to mislead New Yorkers can expect to hear from my office.\u201d<\/p><\/blockquote>\n

James also warned residents that sportsbooks might penalize or restrict users based on their betting behavior. She said that at least one operator prohibits users from hedging, such as placing competing bets on the same game. Some bettors use that strategy to ensure a return on their wagers.<\/p>\n

In addition, she also said users have posted complaints about accounts being frozen as they become successful.<\/p>\n

Sports betting operators can restrict how much a person can wager on a game or opportunity.<\/p>\n

New York Sports Betting Breaks Records<\/h2>\n

Mobile sports betting in New York has gotten off to a record-breaking start.<\/p>\n

\n

In its first three weeks of activity, the state-approved sports betting operators have generated a betting handle of $1.62 billion<\/a>. That is a record for a US state for any one month. New Jersey previously held the high-water mark, posting a $1.3 billion handle last October.<\/p>\n<\/div>\n

The operators \u2013 BetMGM, BetRivers, Caesars Sportsbook, DraftKings, FanDuel, and PointsBet \u2013 reported gross gaming revenues of $113 million for January. The state taxes those proceeds at 51 percent.<\/p>\n

The next report is due on Friday and will include the first week of activity from WynnBET.<\/p>\n

Two other operators \u2013 Resorts World Bet and BallyBET \u2013 have also been approved, but await final clearance from the New York State Gaming Commission before they launch.<\/p>\n","protected":false},"excerpt":{"rendered":"

New York State Attorney General Letitia James issued a consumer alert to residents Thursday afternoon. Just days before Super Bowl LVIII, she warned residents to watch out for so-called \u201cscammers\u201d in online sports betting. The announcement comes a month after the first licensed apps went online. Currently, seven of the nine approved operators are active […]<\/p>\n","protected":false},"author":45,"featured_media":201260,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[61,1074],"tags":[],"acf":[],"yoast_head":"\nNew York Atty General Says Mobile Sportsbooks May 'Mislead' Residents<\/title>\n<meta name=\"description\" content=\"New York Attorney General Letitia James issued an alert regarding sports betting apps Thursday in advance of the Super Bowl\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New York Atty General Says Mobile Sportsbooks May 'Mislead' Residents\" \/>\n<meta property=\"og:description\" content=\"New York Attorney General Letitia James issued an alert regarding sports betting apps Thursday in advance of the Super Bowl\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/new-york-attorney-general-tells-residents-mobile-sportsbooks-may-mislead-them\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-11T12:59:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-11T20:58:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/02\/Screen-Shot-2022-02-11-at-4.43.38-AM-1024x725.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"725\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Steve Bittenbender\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steve Bittenbender\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/new-york-attorney-general-tells-residents-mobile-sportsbooks-may-mislead-them\/\",\"url\":\"https:\/\/www.casino.org\/news\/new-york-attorney-general-tells-residents-mobile-sportsbooks-may-mislead-them\/\",\"name\":\"New York Atty General Says Mobile Sportsbooks May 'Mislead' Residents\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/new-york-attorney-general-tells-residents-mobile-sportsbooks-may-mislead-them\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/new-york-attorney-general-tells-residents-mobile-sportsbooks-may-mislead-them\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/02\/Screen-Shot-2022-02-11-at-4.43.38-AM.png\",\"datePublished\":\"2022-02-11T12:59:28+00:00\",\"dateModified\":\"2022-02-11T20:58:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/eb30e765d812fc9b38b333f8d13068b2\"},\"description\":\"New York Attorney General Letitia James issued an alert regarding sports betting apps Thursday in advance of the Super Bowl\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/new-york-attorney-general-tells-residents-mobile-sportsbooks-may-mislead-them\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/new-york-attorney-general-tells-residents-mobile-sportsbooks-may-mislead-them\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/new-york-attorney-general-tells-residents-mobile-sportsbooks-may-mislead-them\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/02\/Screen-Shot-2022-02-11-at-4.43.38-AM.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/02\/Screen-Shot-2022-02-11-at-4.43.38-AM.png\",\"width\":2400,\"height\":1700,\"caption\":\"New York Attorney General Letitia James on Thursday issued an alert advising residents about deceptive practices from the mobile sports betting operators that recently launched their apps in the state. 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