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Long Island News

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

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Julio Cortez
/
AP

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.