Sports betting industry targeted by new legislation in Connecticut, US
Wednesday 18 de September 2024 / 12:00
⏱ 2 min read
(Connecticut).- The rapidly growing sports betting industry, legalized in many states including Connecticut, is now being targeted by new legislation. The SAFE Bet Act would establish federal standards for sports betting regarding advertising, affordability and artificial intelligence.
U.S. Sen. Richard Blumenthal (D-CT) and U.S. Rep. Paul Tonko (NY-20) introduced the SAFE Bet Act, which would establish federal standards for sports betting regarding advertising, affordability, and artificial intelligence.
“This industry is growing astronomically and so is the problem of addictive gambling,” Blumenthal said. “The gambling industry knows it, exploits it, and we need to take action to reign in the excesses and abuses before they destroy a lot more families and people.”
The gambling industry, he added, is expected to grow by 30% this year, up from $26 billion to $35 billion.
“This industry targets losers. It does so methodically and scientifically using algorithms to track who’s betting, what they’re betting on, whether they’re winning or losing,” Blumenthal commented. “We need to impose safeguards and guardrails for this industry, and the way to do it is through a federal standard. The state standards for gambling are half baked and faint hearted.”
Blumenthal said the SAFE Bet Act would establish national standards through federal law that would restrict enticements that lure in gamblers and would forbid advertisements during certain hours.
“It used to be the little old lady at the slot machine that we were concerned about, now it’s 20 something males betting on sports,” said Diana Goode, executive director of the Connecticut Council on Problem Gambling. “We’ve had people call who’ve said they’ve cashed out their 401k, they’ve taken a second mortgage on their home, they spent their kids college fund.”
By Amanda Pitts
Categoría:Sportsbook
Tags: Sin tags
País: United States
Región: North America
Event
SBC Summit Americas 2026
09 de June 2026
Belatra Games Highlights Networking Value at SBC Summit Americas 2026
(Fort Lauderdale, SoloAzar Exclusive).- Lucila M. Barletta, Head of Accounts LatAm at Belatra Games, shared her insights on the company’s participation at SBC Summit Americas. From strengthening partnerships to exploring new opportunities, she emphasized the importance of both large industry events and smaller networking experiences in driving meaningful business growth.
Friday 03 Jul 2026 / 12:00
Zenith Strengthens LATAM Presence at SBC Summit Americas
(Fort Lauderdale, SoloAzar Exclusive).- In conversation with SoloAzar, Eddie Morales, Zenith's Business Development Manager, shared the company’s objectives at SBC Summit Americas, the opportunities generated, and the outlook on the future of the gaming industry in Latin America.
Friday 03 Jul 2026 / 12:00
LSports LATAM Secures Major Partnerships at SBC Summit Americas 2026
(Fort Lauderdale, SoloAzar Exclusive).- In Q&A after SBC Summit Americas 2026, Fernando Martinez, representative of LSports LATAM, talked about the company’s goals, achievements, and future plans in the region. Martinez shares insights on the evolving dynamics of the Latin American market, the importance of strategic partnerships, and how LSports is positioning itself as a leading data and trading services provider.
Wednesday 01 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
