DraftKings sports betting promotion may violate New York laws

Are you a New York resident? Did you open a DraftKings account after seeing an offer for a “Risk-Free Bet” sign-up account bonus?

New York consumers may have been misled by DraftKings’ promise of a “Risk-Free Bet” sign-up bonus.” Despite promises suggesting that if a player lost the first bet made under the promotion they would be credited back their losses, that was in fact not the case.

This false advertising may violate New York state laws. New York sports bettors who created a DraftKings account in response to the promotion may be able to take legal action and recover compensation.

If you live in New York and signed up for a DraftKings account based on a “Risk-Free” sign-up bonus, you may qualify to participate in this FREE sports betting false advertising class action lawsuit investigation.

Please fill out the form on this page for more information.

DraftKings is a fantasy sports, sports betting, and casino gambling platform. The company started as a daily fantasy sports platform but has since expanded into sports betting and casino gambling. In states where sports betting is legal, fans can place a variety of in-game bets through DraftKings’ Sportsbook app.

While online casino gambling is illegal in New York, some online sports betting platforms, including DraftKings, are legal and regulated.

Unfortunately, DraftKings may have misled consumers into believing they would recoup their first bet’s losses if they signed up under the “Risk-Free Bet” promotion.

DraftKings reportedly offered the bonus so if a new player lost his or her first bet, a free bet was credited to the account. However, the free bet would only return the winnings of that second bet, not the original stake. In addition, DraftKings would always take its 9% cut of winnings.

New York residents who opened new accounts and deposited funds in response to DraftKings’ bonus advertisements may be able to take legal action under state laws.

A DraftKings class action lawsuit could recover compensation for you and other New York bettors who fell victim to the platform’s unfair and deceptive advertising scheme. An experienced attorney can evaluate your claim and help determine your next steps at no cost to you. If you live in New York and signed up for a DraftKings account based on a sign-up bonus, you may qualify to participate in this sports betting false advertising class action lawsuit investigation.

Please fill out the form on this page for more information.