The study linked sports betting to “a large decrease” in deposits to brokerage accounts, accompanied by “decreased credit availability, increased credit card debt, and a higher incidence rate of overdrawing bank accounts.”
Gambling
Posted inGambling
Mass. Gaming Commission studying online casino games, AI use
The Massachusetts Gaming Commission is trying to get its arms around the technological future of gambling – seeking bids for research into the potential impacts of “iGaming” and the use of artificial intelligence in the gaming industry.
Posted inBy The Numbers
Poll indicates young people aren’t betting on sports as much as feared
One year into legalized sports gambling and growing concern about its impact on the young, a new CommonWealth Beacon/GBH News poll doesn’t paint a clear-cut apocalyptic picture.
Posted inGambling
Lottery hits jackpot on all fronts
STATE HOUSE NEWS SERVICE IN THE FISCAL YEAR that ended June 30, the Massachusetts Lottery brought in more revenue than ever before, paid out more in prizes than any previous year, and expects to return a record high profit of $1.176 billion for the state to dole out to all 351 communities as local aid, […]
Posted inEconomy
A race to keep up – or to the bottom?
MARCH WAS “Problem Gambling Awareness Month” in Massachusetts, but for those in charge of the state lottery the gambling problem coming into the new year was that people weren’t doing enough of it. The lottery was seeing flat or declining sales in many of its games during the last half of 2022, which represented the […]
Posted inEconomy
A race to keep up – or to the bottom? Lottery bets big on $50 scratch ticket, online games.
MARCH WAS “Problem Gambling Awareness Month” in Massachusetts, but for those in charge of the state lottery the gambling problem coming into the new year was that people weren’t doing enough of it. The lottery was seeing flat or declining sales in many of its games during the last half of 2022, which represented the […]
Posted inGambling
Gaming Commission asks feds to shut down illegal gambling
GAMBLERS IN MASSACHUSETTS have a full menu of wagering options to choose from these days: physical casinos, sports betting in person or online, and the state lottery, which some officials are itching to bring online as well. One thing not on the menu, Bay State regulators want to make clear, is illegal gambling. Members of […]
Posted inGambling
Sports betting regulators confront licensing quirks
THERE’S AN ODD quirk in the law legalizing sports betting in Massachusetts. The Massachusetts Gaming Commission is allowed to license seven mobile sports betting apps, in addition to mobile apps that are tied to in-person gaming facilities like casinos and racetracks. But the law also lets the commission give an unlimited number of temporary mobile […]
Posted inGambling
A loud lament over the latest gambling embrace by state leaders
THERE WERE WHOOPS AND HOLLERS from DraftKings, the state’s casinos, and lawmakers as the state legalized sports betting earlier this month. For Les Bernal, it was not a moment to celebrate, but instead marked a new low in how far Massachusetts would go to draw in revenue by exploiting those most vulnerable to the addictive […]
Posted inGambling
Questions continue on lack of sports betting roll call in Senate
STATE HOUSE NEWS SERVICE SENATE PRESIDENT Karen Spilka on Monday defended the Senate’s decision to pass legislation legalizing sports betting without making individual senators’ votes known. Spilka for weeks had said she wanted to build consensus on the issue before bringing a bill to the floor. The voice vote approving the bill indicates at least […]