Sportsbooks Band Together to Promote Responsible Gambling as Betting Surges in 2023
The Responsible Online Gaming Association (ROGA) was formed by seven of the largest U.S. sportsbooks, including FanDuel and DraftKings, to promote responsible gambling. The association aims to share best practices and the names of customers who have been banned from their platforms due to problematic betting behavior. This initiative comes in the wake of Major League Baseball and the NBA investigating high-profile betting scandals involving athletes.
In 2023, Americans legally wagered nearly $120 billion on sports, marking a 28% increase from the previous year, according to the American Gaming Association. This surge in sports betting has also contributed to increased fan engagement, as highlighted by Kenneth Shropshire, an expert in the sports business at Wharton. Shropshire notes that people are more invested in watching games until the end to secure their bets, which has become a significant factor in driving viewership.
Despite the positive impact on fan engagement, concerns around irresponsible gambling, addiction, and athlete betting scandals persist. Shropshire emphasizes the importance for leagues and sportsbooks to address these issues to maintain the integrity of sports. The collaboration among sportsbooks to establish ROGA is a step towards building consumer confidence.
Economist Victor Matheson from the College of the Holy Cross points out that while ROGA aims to promote responsible gambling, its primary goal is to maximize revenue by encouraging increased betting activity. He suggests that these companies may be implementing internal regulations to mitigate the risk of facing stricter government regulations in the future. In a tumultuous world, Marketplace continues to provide in-depth coverage and analysis of events that impact people’s lives. To sustain this independent journalism, financial support from readers is crucial. By donating just $5 per month, you can help ensure that Marketplace remains a trusted source of news on topics that matter to you.
