Maryland Attorney General Anthony Brown has issued a critical alert to the residents of Maryland, cautioning them against the risks associated with deceptive online sports betting companies, particularly in the lead-up to major sporting events. The aim is to safeguard Marylanders from fraudulent practices and potential financial losses.
The Importance of Vigilance
In this section, we emphasize the importance of vigilance when engaging in online sports betting. Attorney General Brown’s message underscores the need for caution and prudence.
Tips for Safe Betting
AG Brown offers practical tips to help consumers protect themselves from misleading information and unscrupulous sportsbook platforms. These tips include:
Checking consumer reviews and ratings through the Better Business Bureau.
Reading the fine print, especially regarding promotions and bonuses.
Understanding the terms and conditions set by sportsbooks that can affect withdrawals and account activities.
Recognizing that there is no such thing as a completely risk-free bet.
Using approved sportsbooks listed by Maryland’s Lottery and Gaming Control Agency.
Avoiding online gambling pop-up ads and unsolicited messages.
Reporting potential scams to the Consumer Protection Division.
Maryland’s Sports Betting Market
This section provides an overview of Maryland’s sports betting market, highlighting key statistics and developments:
The launch of Maryland’s sports wagering market in December 2021.
The introduction of the mobile sports betting market in November 2022.
Statistics on handles, gross gaming revenue, and taxes generated in the state.
The growing popularity of mobile sports betting.
Summarizing the article’s key points and reiterating the importance of being cautious and informed when participating in online sports betting. Attorney General Brown’s warning serves as a reminder for Maryland residents to safeguard their finances and enjoy the excitement of sports betting responsibly.