Stopping Problem Gambling Before it Starts
The goal of real-time check-ins is to stop problem gambling before it starts.
One of the most common ways bettors get into trouble is to chase losses. A bad betting day can hurt and tempt many people to try to win it all back, which leads to making extra or larger deposits and wagers.
Those deep in the throes of gambling addiction may blow through the check-ins, but FanDuel hopes it will make a significant impact on bettors who have not shown signs of problem gambling in the past. A simple message stopping them from making a deposit can be all it takes for them to rethink what they are doing and take a step back.
My Spend Continues to Have Success
The new real-time check-in feature is FanDuel's second responsible gaming initiative over the last year. The sports betting industry leader launched its new “My Spend” feature during the NFL season, one of the busiest times of the year for bettors.
“My Spend” allows all FanDuel Sportsbook customers to track their spending easily. They can see their past deposits, betting patterns, and how much they have won or lost. Customers can use this tool to easily create a betting budget.
Sportsbooks Continue to Search for Solutions
FanDuel’s new feature is the latest of many efforts by sportsbooks to curb problem gambling. The industry has come under fire over the last few years as the number of problem gamblers continues to grow.
The increased pressure from lawmakers and US citizens pushes sportsbooks to develop solutions. Several state and federal bills have been proposed that would add harsh new regulations for the industry, cutting into the amount of money operators make.
The threat of increased regulations and lawsuits is motivating operators to take aggressive and immediate action, leading to new features from FanDuel and other industry leaders.
