{"id":533410,"date":"2024-06-07T09:58:16","date_gmt":"2024-06-07T09:58:16","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=533410"},"modified":"2024-06-07T09:58:16","modified_gmt":"2024-06-07T09:58:16","slug":"new-york-senate-approves-bill-to-control-sportsbook-ads","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/new-york-senate-approves-bill-to-control-sportsbook-ads","title":{"rendered":"New York Senate Approves Bill to Control Sportsbook Ads"},"content":{"rendered":"

In response to rising concerns about the impact of sportsbook ads on public health, lawmakers have taken significant action.<\/p>\n

The New York State Senate has passed Senate Bill 1550<\/a> unanimously, requiring gambling and sports betting ads to include warnings about their addictive nature and potential harm. The bill also mandates that these ads display the number for the New York state problem gambling hotline. This legislative move comes amidst growing worries from lawmakers and regulators about the public health risks associated with widespread sportsbook advertisement campaigns. The bill was approved with 57 votes in favor and none against. If signed into law by Governor Kathy Hochul, it will become effective 60 days after signing, as reported by Covers.<\/p>\n

Senator Comrie’s Initiative<\/h3>\n

Democratic Senator Leroy Comrie sponsored this legislation to address the increased access to online-based gambling platforms<\/a>, which has led to more cases of gambling-related problems. He emphasized the ease of placing bets today through modern payment systems like PayPal, credit cards, or cryptocurrencies. The senator argued that active steps should be taken to detect and prevent addiction before it occurs.<\/p>\n

New York’s Gambling Market<\/h2>\n

In January 2022, New York took a significant step in the realm of gambling by legalizing sports betting. This move transformed the state into the largest market for internet-based sports betting<\/a> in the United States, offering residents and visitors a new way to engage with their favorite sports. The legalization aimed to boost state revenue through taxes and fees collected from the betting industry, while also ensuring that the activity was regulated and safe for consumers.Despite the significant revenue generated from this sector, only $1 million is allocated annually for public service announcements about problem gambling.  The passage of SB 1550 reflects broader efforts across various levels to mitigate the adverse effects of gambling activities.<\/p>\n

These efforts are underscored by the urgency of the legislative session, which ends on June 6. Alongside SB 1550, other gambling-related bills are being considered. These include measures to allocate a portion of sports betting tax revenue to problem gambling treatment programs and youth sports, and a bill to raise the minimum age for fantasy sports participation from 18 to 21.<\/p>\n

Federal Action and Legal Cases<\/h3>\n

On a federal level, similar initiatives are evident, such as Paul Tonko’s SAFE Bet Act<\/a>, which seeks better fiscal controls and bans live event commercials related to sportsbooks. Additionally, legal actions have been taken against DraftKings by Samantha Guery, who sued them federally over claims that their advertisements misled customers. She argued that the marketing claims of “risk-free” betting were dishonest. Other states have banned this practice, although it has not yet happened in New York.<\/p>\n

An estimated 7 million people in the U.S. have a gambling problem and\/or gambling addiction • 1 in 5 individuals with a gambling addiction will attempt suicide, the highest of any mental health disorder<\/p><\/blockquote>\n

Public Health and Gambling Reform<\/h3>\n

The growing concern over public health has driven these legislative actions. The New York State Senate’s unanimous passage of SB 1550 is a critical step in addressing the potential harms of gambling and sports betting ads. As lawmakers continue to consider various bills and measures, the focus remains on protecting individuals from the risks associated with gambling.<\/p>\n

About Responsible Gambling<\/h2>\n
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Responsible gambling is a crucial aspect of the gaming industry, emphasizing the need for measures to prevent and address gambling addiction. According to a study by the National Center for Responsible Gambling (NCRG)<\/a>, approximately 1% of the U.S. adult population struggles with gambling addiction. Another study published in the Journal of Gambling Studies highlights that implementing self-exclusion programs, which allow individuals to voluntarily ban themselves from gambling activities, significantly reduces problem gambling behaviors. Additionally, research from the Australian Gambling Research Centre (AGRC) found that providing clear information about the risks of gambling and promoting responsible gambling messages can effectively mitigate the harms associated with gambling. These studies underscore the importance of continuous efforts to promote responsible gambling practices to protect individuals and communities from the adverse effects of gambling.<\/p>\n

70% of teenagers reported seeing gambling advertisements on social media<\/p><\/blockquote>\n

Gambling advertisements have a profound influence on youth, raising concerns about their potential impact on developing minds. A study published in the journal Addiction Research & Theory<\/em> found that exposure to gambling ads significantly increases the likelihood of adolescents engaging in gambling activities. Another research conducted by the University of Bristol revealed that 70% of teenagers reported seeing gambling advertisements on social media, with many feeling that these ads normalize gambling as a harmless and exciting activity. Additionally, a report by the Gambling Commission in the UK indicated that young people who are frequently exposed to gambling promotions are more likely to develop positive attitudes towards gambling, leading to higher risks of developing problem gambling behaviors later in life. These findings highlight the urgent need for stricter regulations on gambling advertisements to protect young people from potential harm.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Responsible Gambling with CoinPoker: A Crypto-Centric Poker Platform<\/h2>\n

CoinPoker<\/a> is transforming the online poker landscape with its innovative use of blockchain technology, creating a secure and transparent gaming platform. Unlike traditional online casinos, CoinPoker eliminates the need for Know Your Customer (KYC) procedures, allowing more players to join seamlessly. The platform operates with its proprietary cryptocurrency, CHP (CoinPoker’s Chips), which ensures fast and hassle-free transactions. Additionally, players benefit from reduced rake fees and enticing rakeback offers.<\/p>\n

Players at CoinPoker enjoy complete anonymity, with their identities concealed even during payments. Since its inception, CoinPoker has focused primarily on poker games. Although the platform later introduced sports betting, the range of markets covered is limited. Additionally, it does not offer slot games or other popular casino genres such as blackjack, baccarat, and roulette. If you prefer slots and table games, consider other top casinos like Lucky Block, TG.Casino, and Mega Dice. However, if you are looking to win substantial returns with poker games, CoinPoker’s lineup of tournaments is worth checking out.<\/p>\n

Games and Tournaments<\/h3>\n

Tournaments at CoinPoker<\/a> not only provide opportunities to win real money but also allow players to test their skills against other online poker enthusiasts. Despite its limited gaming offerings, CoinPoker remains a great site for those passionate about poker. However, it struggles to compete with platforms like Lucky Block, Mega Dice<\/a>, and TG.Casino, which offer a wider range of gambling options. CoinPoker employs a blockchain-powered RNG to ensure fair and transparent gameplay and has an anti-fraud system to prevent manipulation using third-party software or automated play.<\/p>\n

Sports betting enthusiasts might find CoinPoker appealing due to its competitive odds. The platform has a mobile app compatible with both Android and iOS, making it easy to access its gambling offerings on the go. CoinPoker empowers gamblers to elevate their gaming experiences with high betting limits while emphasizing responsible gambling. The site features a self-exclusion option for users struggling with gambling addiction. Additionally, CoinPoker has a responsible gaming officer who ensures the implementation of measures to combat excessive gambling. CoinPoker is licensed in Curacao, providing a safe and legitimate gaming experience.<\/p>\n

CoinPoker’s game library is heavily focused on poker, catering to a specific group of online gambling enthusiasts. The poker options are divided into games and tournaments. CoinPoker offers a selection of popular poker games, providing quality and unforgettable experiences despite a limited number of options compared to other platforms. Some of the available poker games include Texas Hold’Em Poker, Omaha Hold’em Poker, Bad Beat Jackpot, Short Deck Poker, 5-Card Omaha Poker, No-Limit Hold’em, and Pot-Limit Omaha.<\/p>\n

Explore CoinPoker here<\/a>.<\/p>\n

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