Current:Home > MarketsBill would ban sports betting ads during games and forbid bets on college athletes -SovereignWealth
Bill would ban sports betting ads during games and forbid bets on college athletes
SignalHub Quantitative Think Tank Center View
Date:2025-04-10 02:06:12
ATLANTIC CITY, N.J. (AP) — The federal government would ban in-game advertising and bets on college athletes under a sports betting regulation bill proposed by two northeastern legislators.
Rep. Paul Tonko of New York and Sen. Richard Blumenthal of Connecticut introduced the bill Thursday. It’s designed to address what they say are the harmful effects of the rapid expansion of legal sports betting in the U.S. since 2018.
The measure also would forbid the use of credit cards to fund online gambling accounts.
The Democratic legislators say sports betting, now legal in 38 states plus the District of Columbia, has increased gambling addiction and other problems. Every moment of every game is a chance to gamble, Tonko said.
“That’s resulted in a frightening rise in gambling disorder, which has in turn enacted a horrific toll on individuals, many of whom have lost their home, job, marriage, and their lives,” Tonko said.
Blumenthal called the measure a matter of public health.
“It is a matter of stopping addiction, saving lives, and making sure that young people particularly are protected against exploitation,” Blumenthal said.
The legislation already faces strong opposition from the gambling industry, which has said for years that it should self-regulate sports betting advertising to avoid the federal government imposing standards on it.
The American Gaming Association, the gambling industry’s national trade association, said sports books already operate under government supervision, contribute billions of dollars in state taxes, and offer consumers protections that don’t exist with illegal gambling operations.
“Six years into legal sports betting, introducing heavy-handed federal prohibitions is a slap in the face to state legislatures and gaming regulators who have dedicated countless time and resources to developing thoughtful frameworks unique to their jurisdictions,” it said in a statement.
The industry has adopted sports betting practices that include some limits on advertising, but critics say they don’t go far enough.
Harry Levant, director of gambling policy at the Public Health Advocacy Institute at Northeastern University School of Law, compared gambling to drugs and alcohol in terms of potential addictiveness.
“With every other addictive product or substance, the government regulates the advertising, promotion, distribution, and consumption of the product,” he said. “With gambling, sadly, the exact opposite is occurring.”
The National Council on Problem Gambling says “gambling problems may increase as sports gambling grows explosively” across America.
The bill would prohibit operators from accepting more than five deposits from a customer over a 24-hour period, and check on a customer’s ability to afford depositing more than $1,000 in 24 hours or $10,000 in a month.
The bill also would ban “prop” bets on the performance of college or amateur athletes, such as how many passing yards a quarterback will rack up during a game.
And it would prohibit the use of artificial intelligence to track a customer’s gambling habits or to create gambling products including highly specific “micro-bets,” which are based on scenarios as narrow as the speed of the next pitch in a baseball game.
___
Follow Wayne Parry on X at www.twitter.com/WayneParryAC
veryGood! (4)
Related
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Fill up your gas tank and prepare to wait. Some tips to prepare for April’s total solar eclipse
- Joana Vicente steps down as Sundance Institute CEO
- Kevin Bacon to attend prom at high school where 'Footloose' was filmed for 40th anniversary
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Jennifer Aniston’s Go-To Vital Proteins Collagen Powder & Coffee Creamer Are 30% Off at Amazon Right Now
- Man pleads guilty to using sewer pipes to smuggle people between Mexico and U.S.
- Duke does enough to avoid March Madness upset, but Blue Devils know they must be better
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Her spouse has dementia like Bruce Willis. Here's her story – along with others.
Ranking
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Kevin Bacon to attend prom at high school where 'Footloose' was filmed for 40th anniversary
- No. 13 seed Yale stuns SEC tournament champion Auburn in another March Madness upset
- The Daily Money: Why scammers are faking obituaries
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Another March Madness disappointment means it's time for Kentucky and John Calipari to part
- Charity that allegedly gave just 1 cent of every $1 to cancer victims is sued for deceiving donors
- Rare snake with two heads undergoes surgery to remove ovaries. See the 'Two-headed gal'
Recommendation
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Charity that allegedly gave just 1 cent of every $1 to cancer victims is sued for deceiving donors
Prosecutors charge a South Carolina man with carjacking and the killing of a New Mexico officer
No. 13 seed Yale stuns SEC tournament champion Auburn in another March Madness upset
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
We Found the 24 Best Travel Deals From Amazon's Big Spring Sale 2024: 57% off Luggage & More
Georgia bill would give utility regulators extra years in office without facing voters
Kate Middleton's Cancer Diagnosis: What to Know