^ Back to Top ^ © 2023 ESPN Internet Ventures. The company told regulators it did not check the age of competitors before listing the video game event on its website for betting but said it has since added a process to do so. It took four bets totaling $1,225 but later voided them. 29, 2021, the company offered bets on a League Of Legends esports competition in which a player on one of the teams was 17 years old, under the legal minimum age of 18. PointsBet blamed human error for the mistake, according to the enforcement division. The market for Saint Peter's bets was live for 55 minutes, and two people placed bets, totaling $60. PointsBet also accepted bets on March 25, 2022, on the Saint Peter's men's basketball team, an underdog team that was on a legendary Cinderella roll through the NCAA tournament but was ineligible to be bet on in New Jersey. The division added that PointsBet attributed the problem to 'an unresolved communication issue' between itself and a third-party data feed provider. '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 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.

All five bets came from one customer, who wagered $13,500 and received $28,275.Īfter discovering the error, the bets were voided and the money from the customer's initial bets was returned, according to the enforcement division. One aspect of the fine involved the company accepting so-called 'pre-match' bets in August 2021 on games that had already begun. 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.Īccording to a posting on the website 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. 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. New Jersey fines PointsBet for sports betting violationsĪTLANTIC CITY, N.J. You have reached a degraded version of because you're using an unsupported version of Internet Explorer.įor a complete experience, please upgrade or use a supported browser

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