In early January 2022, New York authorities legalized mobile sports betting. A few months later, the state became the leader in this indicator, surpassing New Jersey and Nevada. The surge in such popularity is due to the vast number of fans betting on their teams. But also remember the potential problems the authorities may face.
Statistics
During the first month of online betting legalization, more than 2 billion dollars worth of bets were made. At the same time, the local budget received tax revenues for 80 million dollars. Such a surge is connected with the fact that at that time the NFL Super Bowl was held and a quarter of the amount of bets came to these games.
New Yorkers have waited a long time for the new law, as New Jersey, Connecticut, and Pennsylvania have legalized online betting over the past few years. In the first few weeks of the new law, four legal betting sites were launched, and two million accounts were opened. This is all due to the large number of sports fans in this state.
At the same time, the state authorities are trying to limit the spread of betting and other gambling. To this end, a law was issued that should limit betting advertising.
Why are there so many gambling enthusiasts in New York?
The first reason is that it is a densely populated state where sports betting is allowed. In the first few weeks, bookmakers launched a lot of interesting promotions, which caused such a stir.
As predicted by analysts, interest in bookmakers decreased significantly after the end of the promotions. The situation has stabilized, and the subsequent surge is planned for the NBA and NHL playoffs.
Local authorities will soon try to make mobile betting available at stadiums, racetracks, and arenas. Many sports organizations and clubs have already started opening betting kiosks at stadiums to accept bets.
But more often, people place bets online. It is very easy and convenient, as you can make a bet from your computer or smartphone. There are a lot of popular bookmakers in the output of search engines. We studied user reviews and realized that players like Mostbet the most. Customers are especially attracted by the variety of bonuses. To participate in promotions, you need to use the Mostbet bonus code when registering. After that, the player receives a cash bonus, which can be spent on betting or gambling.
What problems have the authorities encountered?
Despite all the benefits, there are also problems that the authorities may encounter. Ludomania is often accompanied by drug and alcohol abuse. The state Department of Addiction Services and Supports reports that the gambling helpline has already received 46% more calls in January than it did last January. Regulating the industry will not help with the challenges of the growing number of people with an addiction. It is necessary to introduce new restrictions for those categories of citizens who have alcoholism, drug addiction, ludomania, have debts in banks and so on. They should be banned entirely from access to betting sites.
Problems may also face the neighboring state of New Jersey. Atlantic City is already suffering from beach erosion. But in the future, neighboring New York may threaten the city’s tourist attractiveness. After all, the largest metropolis of America is rapidly developing as a center of gambling.
