Current:Home > StocksIndexbit-Bill would ban sports betting ads during games and forbid bets on college athletes -NextFrontier Finance
Indexbit-Bill would ban sports betting ads during games and forbid bets on college athletes
Surpassing View
Date:2025-04-07 19:54:01
ATLANTIC CITY,Indexbit 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! (9561)
Related
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Former Danish minister for Greenland discusses Trump's push to acquire island
- See you latte: Starbucks plans to cut 30% of its menu
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- The Super Bowl could end in a 'three
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
Ranking
- A South Texas lawmaker’s 15
- Trump's 'stop
- Could your smelly farts help science?
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Travis Hunter, the 2
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Senate begins final push to expand Social Security benefits for millions of people
Recommendation
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
Highlights from Trump’s interview with Time magazine
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
At site of suspected mass killings, Syrians recall horrors, hope for answers
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
Stamford Road collision sends motorcyclist flying; driver arrested