In a shocking turn of events, online sports betting giant Bet365 has been fined yet again in the state of New Jersey, this time for taking bets on completed events. The New Jersey Division of Gaming Enforcement issued a hefty $100,000 fine to the popular sportsbook for violating state regulations.
This latest infraction comes just months after Bet365 was fined $65,000 for allowing a self-excluded individual to create an account and place bets on their platform. It seems that the troubles for Bet365 in New Jersey just keep piling up.
According to reports, the violations occurred between November 2020 and March 2021, when Bet365 allowed customers to place bets on events that had already concluded. This is a major breach of New Jersey gaming laws, which prohibit sportsbooks from taking wagers on completed events.
In a statement, the New Jersey Division of Gaming Enforcement expressed their disappointment in Bet365’s repeated offenses, stating that the company’s actions undermine the integrity of sports betting in the state. The Division has made it clear that they will not tolerate such behavior from any operator, no matter how large or popular they may be.
Bet365 has since apologized for the violations and has pledged to implement new procedures to prevent similar incidents in the future. The sportsbook has also agreed to pay the $100,000 fine as a show of good faith and a commitment to complying with New Jersey’s strict gaming regulations.
This latest scandal is sure to have a lasting impact on Bet365’s reputation in the US market. The sportsbook, which is one of the largest in the world, has been widely popular among American bettors since entering the market in 2019. However, repeated fines and violations could tarnish Bet365’s image and drive customers to seek out more reliable and trustworthy sports betting options.
Despite these setbacks, Bet365 remains optimistic about their future in New Jersey. The company has assured customers that they are taking the necessary steps to improve their operations and regain the trust of regulators and bettors alike. Only time will tell if Bet365 can rebound from these challenges and continue to thrive in the competitive US sports betting market.