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Colorado House Controversially Passes Casino Line Of Credit Bill After Last-Minute Vote Switch
In a controversial and surprising sequence of events, the Colorado House passed a bill allowing casinos to offer lines of credit to customers. SB23-259 had seemed to fail with a vote of 31-34, but one “nay” voter requested a do-over. The bill then passed narrowly by a margin of 33-32. That led to an uproar […]
‘Zero Days to Expiration’ Options: Investment or Gambling?
Researchers at the Univerity of Münster have found that a hot trend in short-term investments is causing traders to lose more money than they earn. Zero-days-to-expiration options (0DTEs) have become increasingly popular with retail investors. However, the study’s findings – released March 30, 2023 – raise the question of whether trading these products bears more resemblance […]
New York Bill Proposes Problem Gambling Advisory Council – Again
A New York lawmaker is resurrecting the Problem Gambling Advisory Council (PGAC) concept, introducing a bill on May 5 to form a responsible gambling body. SB6701 is the fifth legislative attempt at creating a PGAC. Members of the New York State Legislature have introduced a PGAC bill during each legislative session since 2015. On Friday, […]
Sounds of Nature Reduce Stress in Gambling Disorder Sufferers: Japanese Research
A new study out of Japan found nature therapy lowers the stress levels of people struggling with problem gambling. The research by Yoshifumi Miyazaki, out of Tokyo’s Chiba University, confirmed “nature sounds” have a similarly calming effect on people experiencing problem gambling as those who aren’t. While further investigation is needed, the study’s preliminary findings […]
New Jersey Responsible Gaming Coordinator May Oversee iGaming Ads, Tie RG Efforts Together
New Jersey may soon have a problem gambling conductor of sorts. The state official will hold the title of “Responsible Gaming Coordinator” and will be tasked with orchestrating cooperation and organization of many moving parts. However, as of May 1, the job ad hasn’t been posted for the newly created position. New Jersey Attorney General […]
New Research on Gambling Harm Backs Multi-Operator Self-Exclusion Benefits
A new study from Ipsos backs earlier evidence that multi-operator self-exclusion schemes can help counter gambling harms. Commissioned by UK gambling addiction charity GamCare, the study suggests self-exclusion is often effective in combination with other intervention strategies. Researchers conducted 30 follow-up interviews with self-excluders who had participated in a previous study funded by GambleAware. Ipsos published […]
UKGC White Paper Recommendations Include Affordability Checks, Online Stake Limits
The United Kingdom Gambling Commission (UKGC) has finally released a white paper it has been promising since December 2020. As expected, it contains several recommendations for reforming the country’s gaming industry, some of which may be unpopular with operators. The most substantial proposed changes target the online casino industry, while their retail counterparts could see a […]
2022 Online Gaming Report Offers a Deeper Understanding of Pennsylvania Gambling
According to a new report from Pennsylvania State University (PSU), Pennsylvania online gambling rates remained stable in 2022 while problem gambling numbers decreased. The study, a follow-up to 2021’s initial Pennsylvania Interactive Gaming Assessment, also found fewer Pennsylvanians visiting illegal betting sites. However, results also showed that players engaging in multiple online gambling types are […]
IGI And Sightline Payments Identify Problematic Patterns in Gambling Transactions
Penn State Study Shows Impact of Regulated Gambling on Black Market
Data from a Penn State study supports the claim that fewer people bet illegally on offshore sites when local, regulated options are available. Diverting players from unsafe, illegal sites to comparatively safer regulated ones is one of the most common arguments for legalization. The university’s 2022 Online Gambling Report shows that far more Pennsylvanians now bet online legally […]