Marylanders Should Be Wary Of Deceptive Online Sports Betting … – Bay Net

BALTIMORE Maryland Attorney General Anthony G. Brown today issued a consumer alert urging Marylanders to always be aware of deceptive online sports betting companies, especially in advance of large-scale popular events like the 2023 Preakness. Companies in Marylands online sports betting industry, which also operate through mobile apps, have enticed bettors with aggressive marketing, such as so-called risk-free bets. However, these enticements often appear more attractive than they actually are. The fine print may contain limitations that negate the promised benefits. Additionally, its not just enticements and complicated deals which may end up costing consumers more money than they were planning to spend in the first place online gambling is also a target for cybercriminals looking to defraud unsuspecting bettors.

Online sports betting allows consumers to place bets through websites or mobile apps for a variety of sporting events. This type of gambling was launched in Maryland in November 2022, and is available through multiple sport betting companies, or sportsbooks. A listing of approved companies can be found here:https://www.mdgaming.com/maryland-sports-wagering/.

Deceptive practices and scams have the potential to overshadow the excitement of sports betting and leave Marylanders vulnerable to financial losses, saidAttorney General Brown.I urge all Marylanders to remain vigilant, conduct thorough research, and exercise caution to avoid financial loss due to misleading tactics. We will protect Maryland residents and their hard-earned money from deception by online sports gaming companies.

Attorney General Brown offers the following tips to protect consumers from misleading information peddled by sportsbook platforms:

To protect against fraudulent platforms and scammers looking to steal money and financial and personal information, consumers should follow these tips:

Online sports betting is prevalent and easier to access, now that it is legal in Maryland. Consumers should not forget that they are gambling with real money and that they can suffer devastating financial losses if their gambling becomes problematic. For assistance with problem gambling, Marylanders can visit the Maryland Alliance for Responsible Gambling athttps://www.mdgamblinghelp.org/or call 1-800-Gambler.

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Marylanders Should Be Wary Of Deceptive Online Sports Betting ... - Bay Net