New Yorkers Cash In on Freebies in Online Sports Betting Surge

More than 1 million accounts have been created in the first weeks of legalization.

Whitney Tilson regularly warns readers of his daily financial newsletter that “sports betting is a sucker’s game” and that they shouldn’t get hooked.

That hasn’t stopped the 55-year-old former hedge-fund manager from going all in. Since New York state legalized digital sports gambling three weeks ago, Tilson says he’s won over $7,000.