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Online betting companies lavish losers with rewards while capping winners

Business - Latest - Google News·3 days ago
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By

Jim Axelrod

Chief Correspondent

Jim Axelrod is the chief correspondent and was the executive editor for CBS News' "Eye on America" franchise, part of the "CBS Evening News." He also reports for "CBS Mornings," "CBS News Sunday Morning," and CBS News 24/7.

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October 26, 2026 / 8:41 AM EDT / CBS News

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As greater scrutiny is falling on online sports betting companies for the way they offer extravagant perks to customers who are losing large sums of money, there is another question emerging about this fast-growing industry: how the companies treat their biggest winners.

States and state lawmakers have raised questions about a practice called "limiting" — a tactic sports betting platforms use to apply the brakes to gamblers who are having too much success.

"They have to ensure that the house always wins," claims Brianne Doura-Schawohl, the director for the Campaign for Fairer Gambling.…

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