The New Jersey Division of Gaming Enforcement fined the online sportsbook $100,000 and sent it a stern rebuke letter for providing the state with inaccurate sports betting data.
The New Jersey Division of Gaming Enforcement fined the online sportsbook $100,000 and sent it a stern rebuke letter for providing the state with inaccurate sports betting data, the
DraftKings overreported the amount wagered on multi-leg parlays and understated dollars wagered in other categories. What the NJDGE called “unacceptable behavior” forced regulators to correct financial data for several months. “These types of gross errors and failures cannot be tolerated in the New Jersey gaming regulatory system,” Mary Jo Flaherty, acting director of the NJDGE, wrote in a letter to DraftKings on June 16.New Jersey's gaming financial division became aware of the issue in March when it was discovered that DraftKings had filing errors in Oregon and Illinois, leading to suspicions that the same thing was occurring in the Garden State.
The NJDGE said in the letter that DraftKings blamed the mistake on a coding error that miscategorized bets in a newly updated database. DraftKings said it didn’t think the inaccurate data affected gross revenue and tax reports, so the online sportsbook didn’t address the matter promptly. DraftKings, partnered with Resorts Digital, made mistakes that led the land-based-tethered operator to file incorrect tax returns in December 2023 and January and February 2024.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Politics in New Jersey has gone off the rails — even by New Jersey standardsWhat’s going on in Garden State politics these days is earth-shattering.
Read more »
Battleship New Jersey returns to South Jersey following $10 million faceliftAfter its $10 million facelift, the famed World War II-era battleship will return to its longtime home and reopen to the public within the next few weeks.
Read more »
New Jersey attorney general reviewing Trump liquor licenses in wake of New York convictionAdam Reiss is a reporter and producer for NBC and MSNBC.
Read more »
New Jersey attorney general reviewing Trump property liquor licenses in wake of New York convictionAdam Reiss is a reporter and producer for NBC and MSNBC.
Read more »
New Jersey working to replace stolen SNAP benefits: 'It's not a new problem'Thousands of people are victims of stolen SNAP benefits in New Jersey every month, officials said.
Read more »
New Jersey launches new clemency program for certain offendersRooted in fact-based, transparent reporting, Newsy is an award-winning opinion-free network owned by the E.W. Scripps Company that is relentlessly focused on “the why” of every story and seeks to enable a more intimate and immersive understanding of the issues that matter.
Read more »