NJ DGE fines DraftKings $100K, issues stern warning

NJ DGE fines DraftKings $100K, issues stern warning

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NJ DGE fines DraftKings $100K, issues stern warning

The New Jersey Division of Gaming Enforcement (DGE) fined DraftKings a substantial amount and strongly criticized them for consistently reporting inaccurate sports betting figures over several months, as reported by the Associated Press on Monday, July 8th.

In a stern letter dated June 16th, Mary Jo Flaherty, acting director of the DGE not only strongly criticized DraftKings for their consistent inaccuracies but also labeled their behavior “unacceptable”.

Mary Jo Flaherty stated:

“These types of gross errors and failures cannot be tolerated in the New Jersey gaming regulatory system.”

She not only  strongly criticized DraftKings for their consistent inaccuracies but also labeled their behavior “unacceptable”. The DGE imposed a $100,000 fine on DraftKings for these offenses, as reported by the AP.

DraftKings, being a prominent player in New Jersey’s sports betting market since its launch in August 2018, regularly ranks among the top sportsbooks alongside FanDuel. However, earlier in 2024, Fanatics briefly surpassed DraftKings following a shift of VIP customers. This change underscores the competitive nature of the industry.

Due to DraftKings’ inaccurate data, the tax filings submitted by their partner, Resorts Digital, in December 2023, January 2024, and February 2024 were all incorrect. Both DraftKings and Resorts declined to comment on the matter when approached by the AP.

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