As of January 8, 2022, New York State joined the ranks of more than a dozen states that have legalized online and mobile sports betting since the U.S. Supreme Court’s 2018 decision in Murphy v. National Collegiate Athletic Association, which struck down the Professional and Amateur Sports Protection Act also known as the Bradley Act. This paved the way for individual states to regulate sports betting, which had effectively been banned nationwide with limited exceptions. According to various analysts, the New York market alone is expected to exceed $1 billion in annual revenue. Indeed, New York State Governor Kathy Hochul has reported that during the first weekend of betting, the four authorized operators received $150 million in wagers from over 650,000 unique user accounts from more than 17 million confirmed geolocations. The sheer volume of individual users and bets give rise to data privacy and security concerns for individuals, employers and companies who wish to participate in this online gaming economy.
See the full article in the pdf above or subscribers may read, “Data Privacy and Security Concerns with Rise of Online Betting, Gaming,” at the Rochester Business Journal website.