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In response to growing concerns over problem gambling and scrutiny from federal lawmakers, the largest U.S. sportsbooks, including FanDuel, DraftKings, BetMGM, Penn Entertainment, Fanatics Betting & Gaming, Hard Rock Digital, and bet365, have announced the formation of the Responsible Online Gaming Association. This initiative aims to tackle problem gambling by joining forces to address issues related to gambling addiction and the targeting of big spenders and VIPs. The move comes amid gambling scandals, pervasive advertising, and actions from lawmakers, such as Sen. Richard Blumenthal, who has recently sent letters to these companies urging them to address these concerns. Critics, however, express skepticism about the effectiveness of this coalition, pointing out potential conflicts of interest and the companies' ability to define what constitutes a 'problem' gambler.
Largest U.S. sportsbooks -- DraftKings, BetMGM, Penn Entertainment, Fanatics Betting & Gaming, Hard Rock Digital and bet365 -- will join forces to form the Responsible Online Gaming Association in an effort to fight problem gambling. https://t.co/9T8FNHB2Xr
This sounds like a great opp. for these sites to band together and share data about winners too. An impartial outside Watchdog committee is what the industry really needs. "Largest U.S. sportsbooks join forces to tackle problem gambling" https://t.co/zxd7Ey7jrI
Federal lawmakers, concerned about gambling addiction, are scrutinizing online betting companies' targeting of big spenders and VIPs. - WSJ Sen. Richard Blumenthal sent letters last week to eight online gambling companies, including FanDuel and DraftKings $DKNG, urging them to… https://t.co/5QhCGs0Epr
