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New Jersey regulators fined BetMGM, bet365, and FanDuel for separate compliance failures, with fines totaling more than $100,000.
The penalties covered prohibited sports betting, self-exclusion issues, and a failure to follow a directive during a suspicious betting probe.
BetMGM drew the largest penalty
BetMGM was fined $72,000 and ordered to disgorge $8,204.49 after allegedly accepting bets on prohibited or unapproved sports events in New Jersey.
The prohibited events referenced under New Jersey regulations involve New Jersey college teams or collegiate sporting events hosted in the state. The order did not provide specific details on the underlying wagers.
bet365 and FanDuel cited for separate compliance issues
Bet365 was fined $33,000 for alleged violations tied to New Jersey self-exclusion regulations. The report said bet365 accepted the penalty and will pay the fine. Specific details of the self-exclusion violations were not disclosed in the order.
FanDuel was fined $5,000 for failing to adhere to a division directive during an investigation into suspicious betting activity. FanDuel said the matter stemmed from returning funds to a customer before the DGE completed its investigation.
The source report also cited language from the New Jersey Sports Wagering Act emphasizing that licensees have a continuing duty to provide information and cooperate with division inquiries and investigations.
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Source: As reported by Sports Betting Dime.
