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Problem Gambling Advocates See Problem's With New York's Sports Betting Law

Julio Cortez

New opportunities to wager on sporting events in New York are raising plenty of red flags, according to a group dedicated to increasing public awareness about problem gambling.

The New York Council on Problem Gambling said they are concerned about the 18- to 40-year-olds who will be recruited every day to join mobile sports betting.

Several sports betting companies are vying to operate in what is expected to be a $470 million industry in New York.

The state plans to set aside $6 million from online betting revenues each fiscal year to combat new and existing gambling addiction.

The council said it won’t even come close to covering what could be a dramatic increase in problem gambling in New York.