New Jersey fines PointsBet for 3 different types of sports betting violations
1 year, 3 months ago

New Jersey fines PointsBet for 3 different types of sports betting violations

Associated Press  

ATLANTIC CITY, N.J. — The online sports betting company PointsBet committed three different types of violations of New Jersey sports betting laws, according to gambling regulators who fined the company $25,000. One aspect of the fine involved the company accepting so-called “pre-match” bets in August 2021 on games that had already begun. PointsBet also accepted bets on March 25, 2022, on the St. Peter’s men’s basketball team, an underdog team which was on a legendary “Cinderella” roll through the NCAA tournament, but which was ineligible to be bet on in New Jersey. On Oct. 29, 2021, the company offered bets on a “League Of Legends” esports competition in which a player on one of the teams was 17 years old, under the legal minimum age of 18.

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New Jersey fines firms $40K for sports betting violations
3 weeks, 2 days ago

New Jersey fines firms $40K for sports betting violations

Associated Press  

ATLANTIC CITY, N.J. — New Jersey gambling regulators have handed out $40,000 in fines to two sportsbooks and a tech company for violations that included taking bets on unauthorized events, and on games that had already ended. According to documents released by the state, Rush Street accepted 16 bets worth $1,523 in Nov. 2021 on a college basketball game between …

New Jersey fines sports betting firms for taking bets after games had already ended
1 month ago

New Jersey fines sports betting firms for taking bets after games had already ended

Associated Press  

ATLANTIC CITY, N.J. — It doesn’t happen all that often, but when it does, it can seem like a dream come true for sports gamblers: being able to bet on a game after it has already ended. In action made public last week, the New Jersey Division of Gaming Enforcement fined William Hill Sportsbook $20,000 for bets it wrongly took …

Sports betting firm bet365 fined $33K for taking bets after outcomes were known
4 months, 1 week ago

Sports betting firm bet365 fined $33K for taking bets after outcomes were known

Associated Press  

ATLANTIC CITY, N.J. — New Jersey gambling regulators have levied a $33,000 fine on sports betting company bet365 for taking wagers on events in which the outcome was already known, and on games that were not approved for betting. In that case, the company told New Jersey regulators they changed the odds due to “obvious error.” But the acting head …

Bet365 ordered to refund $519K to customers who it paid less than they were entitled on sports bets
5 months, 1 week ago

Bet365 ordered to refund $519K to customers who it paid less than they were entitled on sports bets

Associated Press  

ATLANTIC CITY, N.J. — Online gambling company bet365 must refund more than a half-million dollars to customers who won bets, but were paid less than they were entitled to when the company unilaterally changed the odds when making the payouts, state gambling regulators said. The company told New Jersey regulators they changed the odds due to “obvious error.” But the …

No fooling: Fan Duel fined for taking bets on April Fool's Day on events that happened a week before
6 months ago

No fooling: Fan Duel fined for taking bets on April Fool's Day on events that happened a week before

Hindustan Times  

ATLANTIC CITY, N.J. — It might have seemed too good to be true, but there it was, and on April Fool's Day, no less: One of the country's leading sports books was taking bets on mixed martial arts fights that had already happened a week earlier. No fooling: Fan Duel fined for taking bets on April Fool's Day on events …

No fooling: FanDuel fined for taking bets on April Fool’s Day on events that happened a week before
6 months ago

No fooling: FanDuel fined for taking bets on April Fool’s Day on events that happened a week before

Associated Press  

ATLANTIC CITY, N.J. — It might have seemed too good to be true, but there it was, and on April Fool’s Day, no less: One of the country’s leading sports books was taking bets on mixed martial arts fights that had already happened a week earlier. Instead, FanDuel’s trading team manually created betting markets based on information they obtained directly …

No fooling: Fan Duel fined for taking bets on April Fool's Day on events that happened a week before
6 months ago

No fooling: Fan Duel fined for taking bets on April Fool's Day on events that happened a week before

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy It might have seemed too …

New Jersey fines DraftKings $100K for reporting inaccurate sports betting data to the state
6 months, 1 week ago

New Jersey fines DraftKings $100K for reporting inaccurate sports betting data to the state

Associated Press  

ATLANTIC CITY, N.J. — In one of the most sternly worded rebukes they have ever issued, New Jersey gambling regulators have fined DraftKings $100,000 for reporting inaccurate sports betting data to the state, which it called “unacceptable conduct” that demonstrated weaknesses in the company’s business abilities. In early March, the gaming enforcement division’s Office of Financial Investigations became aware of …

Report: High-risk problem gambling fell slightly in New Jersey even as sports betting took off
1 year, 3 months ago

Report: High-risk problem gambling fell slightly in New Jersey even as sports betting took off

Associated Press  

ATLANTIC CITY, N.J. — High-risk problem gambling in New Jersey declined slightly even as sports betting took off in the state, according to a report issued Thursday. But the report by Rutgers University and paid for by the state’s gambling enforcement division found that such problem gambling remains three times higher in New Jersey than the national level. The report …

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