New Jersey fines PointsBet for 3 different types of sports betting violations
Gambling regulators have fined the online sports betting company PointsBet $25,000, citing violations of New Jersey sports betting laws
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.
The fine was imposed on Aug. 23, but details of the case were not released by the New Jersey Attorney General's Office until Tuesday, nearly two weeks after The Associated Press requested them.
According to a posting on the web site of the state Division of Gaming Enforcement, the agency reached a settlement with PointsBet under which the Denver-based company was to pay a $25,000 fine.
PointsBet declined comment on Wednesday.
One aspect of the fine involved the company accepting so-called “pre-match” bets in August 2021 on games that had already begun. All five bets came from one customer, who wagered $13,500 and received $28,275.
After discovering the error, the bets were voided and the money from the customer's initial bets was returned, according to the gaming enforcement division.
The company told regulators “that it did not have an automated process in place to review the accuracy and timeliness of published markets,” according to the division.
“PointsBet stated that the ‘overwhelming’ number of matches offered through PointsBet made it ‘unrealistic’ to check and verify each event and the market offered for wagering,” the division wrote in a document outlining the charges against the company.
The division added that PointsBet attributed the problem to “an unresolved communication issue” between itself and a third party data feed provider.
PointsBet also accepted bets on March
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