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Report
Sportsbook Operators Challenge Responsible Gaming Laws
SportsGrid
Follow
12/12/2023
Category
🥇
Sports
Transcript
Display full video transcript
00:00
(upbeat music)
00:03
Okay, so we knew this was bound to happen.
00:05
Some of these sports betting operators,
00:07
you know, hearing, hey, you know,
00:09
we're gonna have to push responsible gaming,
00:11
push responsible gaming.
00:12
And then in the, you know,
00:13
industry of legalized sports betting,
00:15
very quiet, okay, you know,
00:16
agreeing to all of these new regulations.
00:19
Now we're finally starting to get some pushback here.
00:21
It was inevitable, Matt, because again,
00:23
it's one side pushing responsible,
00:25
the other side essentially determining,
00:28
hey, this is just going too far.
00:30
We wanna make our revenue, not worry about it as much.
00:33
I don't know if that's a good explanation for it.
00:35
What is yours?
00:36
Well, I think we need to be fair
00:38
when we're talking about this,
00:39
because I don't know any sports book operator out there
00:43
that wants problem gamblers betting on their website.
00:47
Causes headaches, they run out of money.
00:50
You want responsible gamblers on your website.
00:53
It's just simple, you know,
00:56
they're worth more than the problem gamblers.
00:59
So just from a business standpoint,
01:01
no sports book wants problem gamblers on their website,
01:04
but yeah, you have to remember that this is still a business
01:08
and as much as every business is coming out here saying,
01:11
yeah, we wanna protect everyone.
01:13
We're gonna do everything we can.
01:14
You know, you gotta push something sometimes, right?
01:18
You gotta see where you can push back.
01:19
You gotta see where you can take an inch here or there.
01:22
And FanDuel apparently did some of that
01:24
with new laws that came out in New York.
01:27
You know, New York was tweaking a couple of things
01:30
to tighten up responsible gambling protection.
01:33
And FanDuel came back with a couple of public comments
01:36
saying, well, can we do this?
01:38
Can we do that?
01:40
Can we maybe try this?
01:41
You know, they, for example,
01:44
everybody in the US sports betting industry
01:47
works with affiliates.
01:49
Those affiliates will go out
01:50
and basically recruit customers for them, send it to them.
01:53
Both parties get a share of the revenue somehow.
01:56
FanDuel did not want any blame
02:01
if their affiliates messed up
02:02
and said something that they shouldn't have.
02:04
And the New York State Gaming Commission said,
02:07
you know, no way.
02:08
We obviously are going to see better compliance
02:12
if the sports books have to be responsible for this as well.
02:16
You know, it was stuff like that, right?
02:20
Like they don't want,
02:21
New York doesn't want certain phrases
02:24
to be used by sports books in a nefarious way.
02:27
They are looking at search engine optimization,
02:31
for an example.
02:32
And they say, look, you know,
02:33
there could be a sports book out here
02:35
who puts in, you know, metadata, problem gambling help.
02:40
And then that could register in Google
02:42
that could come up to somebody
02:43
looking for problem gambling help.
02:45
They click on it and now there's smack dab
02:47
in the middle of a sports book.
02:49
So, you know, you have to look at what New York was doing
02:52
and say for sure that these are good changes.
02:54
I didn't see any of them that I thought
02:55
really pushed it too far.
02:57
But, you know, again, FanDuel is,
03:01
they are one of the ones making the most money right now
03:04
in US sports betting, but it's a business.
03:07
And so you have to go out and see
03:09
where you can kind of win those edges, right?
03:12
But yeah, it's not a great look to have this coming out
03:16
that, you know, the biggest US sports betting operator
03:20
is giving out public comments saying, you know,
03:25
well, let's not do this or that,
03:27
that could potentially help problem gamblers.
03:30
That's not the kind of headline we want coming across
03:32
for US sports betting.
03:34
But I think, like I said, at the end,
03:36
you just have to remember it's a business
03:37
and people are gonna do what they can
03:40
to get those pennies out.
03:41
(upbeat music)
03:44
(upbeat music)
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