![]() ![]() In his press release, Tonko also quoted data showing how much the sports betting industry has grown in just a few years. According to Tonko’s statement, Congress must take action to control an industry that has the power to harm the American people. Tonko expressed that the promotion of these sites has become excessive and needs to be regulated, which is what the Betting on our Future Act aims to do. These advertisements pose a significant threat, especially to young adults who are not aware of the risks involved in gambling and vulnerable individuals prone to addiction. If enacted, Tonko’s bill will have a significant impact on the entire online gaming industry in the US.Īccording to congressman Tonko, during the Super Bowl, many families will be exposed to a barrage of advertisements from DraftKings, FanDuel, and other companies promoting “risk-free” or “no sweat” bets. The bill is a federal legislation, which makes it different from the ongoing efforts to restrict sportsbook advertising at the state level such as those proposed in Massachusetts, for example. ![]() The new legislation aims to tackle harmful online sports betting advertisements by prohibiting the advertising of sportsbooks on any medium of electronic communication under the jurisdiction of the Federal Communications Commission. The Betting on our Future Act is modeled after the Federal Cigarette Labeling and Advertising Act, which banned tobacco advertisements. ![]() Sports Betting Ads Put Young Adults at Risk Tonko has brought forward the Betting on our Future Act, legislation that aims to ban all online and electronic advertising of sports gambling. ![]()
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