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
PERU GAMING SHOW – PGS 2026
17 de June 2026
Enhancing Responsible Gaming Through Effective Training at PGS 2026
(Lima, SoloAzar Exclusive) – Training, prevention, and technology took center stage at the "Value of Responsible Gaming in Gambling Operations" conference during the 2026 Perú Gaming Show (PGS). Presented by Fernando Calderón Castro, President of the National Gaming Society (SONAJA), the session brought industry leaders together to tackle current challenges and explore strategies for safer, more transparent, and sustainable operations.
Wednesday 22 Jul 2026 / 12:00
LSports at the Peru Gaming Show: Building Presence, Opening Doors
(Lima, SoloAzar Exclusive).- The Peru Gaming Show was never just about the booth. For LSports, it was about showing up in a market where showing up still matters — and leaving with more than a contact list. Federico Brancato, Sales Manager for the LATAM Region, came to Lima with a clear sense of what operators in this part of Latin America need most right now. What he found confirmed it.
Friday 17 Jul 2026 / 12:00
Martin Ivanov: "Latin America remains one of CT Interactive's key strategic regions"
(Lima, SoloAzar Exclusive).- CT Interactive Chief Operating Officer Martin Ivanov reflects on the company's experience at the Peru Gaming Show, highlights the opportunities emerging in the Peruvian market, and outlines the company's strategic priorities for expanding across Latin America.
Thursday 16 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.
