Sportsbook Limits Thrust Into Spotlight Later This Month in Massachusetts

Submitted by C Costigan on

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C Costigan

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Limits with sneaker coming down

The Massachusetts Gaming Commission is prepared to discuss, among other things, a possible vote on final regulations regarding sportsbooks notifying customers as to why they have been limited.  The meeting is scheduled for February 26

Why it Matters 

Gadoon "Spanky" Kyrollos is a prominent professional sports betting figure who frequently highlights the "epidemic" of legal sportsbooks limiting or banning sharp and winning gamblers.  He has applauded the MGC for being at the forefront of this issue.  

“If you're good at something you're not supposed to be penalized for it," Spanky remarked. 

Kyrollos regularly refers to bookmakers engaging in this practice as "dress makers". 

And the "epidemic" is real.  

Draftkings, in particular, is notorious for the practice of placing harsh limits on players. 

"You like competition but I can only bet 32c per play."

"You limit my max on boost to $5 and I can’t even bet over $26.84 on a side now on your site. Dk sucks".

And just last week, a professional gamblers, George “Riley” Panagakis, recounted how he attempted to place a $500 bet a DraftKings, only to be limited to $53.14.

"I just tried to bet $500 on a Super Bowl Prop at DK but was limited to $53.14. I’m Not kidding! I didn’t place the bet," Panagakis tweeted.

 

 

More on the Agenda 

- VIP program discussion (could lead to future regs)
- Discussion re: adding eSports to catalog
- 7 or 8 non-compliance matters
- MGM Springfield wants to pay out a bet on a lost ticket

  • Chris Costigan, Gambling911.com Publisher 

 

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