As March Madness approaches, the expansion of legal mobile sports betting in New York highlights its benefits. It's not just a win for sports fans; last year, revenue from the tournament generated over $85 million for the state's public education and problem gaming services. In contrast to illegal markets, licensed sportsbooks are prioritizing responsible gaming through technology and partnerships, enhancing consumer protections. This shift has brought transparency and accountability to the wagering process, shielding consumers from the risks associated with unregulated betting.
The expansion of legal mobile sports betting has not only been a win for sports fans, it's also a victory for responsible gaming and a significant boost to New York's economy.
Last year alone, bets placed on March Madness through legal sportsbooks generated over $85 million in revenue for New York State that directly supported public education and problem gaming services.
Unlike legal, regulated sportsbooks, illegal betting platforms have no incentive to offer responsible gaming tools, such as deposit limits, self-exclusion programs, or readily available support for those who may need help.
The licensed mobile sports betting industry in New York has made responsible gaming a core priority by investing in technology, education, and partnerships with organizations dedicated to supporting those at risk.
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