BALTIMORE, MD News (5/17/2024) – As Preakness Weekend 2024 kicks off, Maryland Attorney General Anthony Brown is issuing a warning to residents about the dangers of deceptive online sports betting companies.
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Since the launch of online sports betting in Maryland in 2022, which includes both websites and mobile apps, there has been a surge in aggressive marketing tactics. These promotions often feature “risk-free” bets and other enticing offers that can lead to unexpected financial losses for consumers. Additionally, online gambling platforms have become a prime target for cybercriminals seeking to defraud unsuspecting bettors.
In Maryland, legal sports wagering is restricted to operators licensed and regulated by the Maryland Lottery and Gaming Control Agency (MLGCA). These operators can be found on the MLGCA’s official website. Additionally, Marylanders can participate in online fantasy sports competitions offered by MLGCA-registered operators.
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Attorney General Brown has provided several tips to help consumers navigate the potentially misleading information from online sports betting platforms:
- Check User Reviews: Before engaging with a platform, review consumer feedback on websites like the Better Business Bureau (BBB.org). These reviews can offer detailed insights, including how the platforms respond to complaints.
- Read the Fine Print: Pay close attention to the terms and conditions of any promotions or bonuses. For instance, “risk-free” bets might not result in a refund of your original investment but may instead provide credit to be used within the platform. Additionally, platforms may require you to use your own money before you can access advertised bonuses.
- Understand Restrictions: Promotional money might be restricted to certain games, and there could be other conditions that limit how and when you can cash out your winnings. Some platforms may also penalize bettors by freezing accounts if certain betting strategies are used.
- Beware of Fraudulent Platforms: Ensure that you are using official websites of established sportsbooks approved by the MLGCA. Avoid clicking on pop-up ads, unsolicited emails, text messages, or social media messages, as they could lead to fraudulent websites.
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Consumers who suspect they have encountered a scam should report it to the Maryland Consumer Protection Division at 410-528-8662 or the Federal Bureau of Investigation at https://tips.fbi.gov/.
Furthermore, it’s crucial to remember that gambling should always be approached with caution. Financial losses are an inherent risk, and claims of “risk-free” betting are misleading. Maryland residents experiencing gambling issues are encouraged to seek help by calling 1-800-GAMBLER. This confidential helpline is available 24/7, staffed by peer counselors and professionals from the Maryland Center of Excellence on Problem Gambling, part of the State of Maryland’s Behavioral Health Administration. More resources are available at www.mdgamblinghelp.org.
Story by multiple RFHC contributors.
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