The only issue with splitting a line-level signal is possible loss of signal strength, but a single split will not cause any problems. Lots of people do it to drive two subs from a single sub pre-out.
If you use a Y-adaptor and connect both the left and right inputs of the sub, the input level will be doubled. Remember the sub needs a mono signal, and thus will sum the L+R inputs to mono. It's a cheap way of boosting the signal, but the same result can be achieved by simply turning up the volume on the sub a little.