News coming out of Atlantic City by the way of the New Jersey Herald, reports that the State is going to get much tougher on those operators that offer ‘prohibited’ sports bets in the state. With the NJH reporting that a bill has passed and cleared an Assembly Panel which will see fines of up to ten times the amounts meted out previously.
The bill in question will see fines of up to $100,000 being issued for any violations of the law. In addition unlicensed operators would also have to pay out an additional fine, which equals the total amount of prohibited bets accepted.
The bill was passed and sponsored by Ralph Caputo who is a New Jersey Democrat and a former executive at an Atlantic City casino. Speaking about the passing of the bill, Caputo said: “We must provide the proper and necessary oversight to ensure that our state’s holders of sports wagering licenses abide by the laws set forth. We want New Jersey’s sports and race gaming industry to succeed, and in order for us to do this, we must guarantee that everyone plays fairly by the rules, and that if people break those rules, they are punished accordingly.”
Late last year both The Golden Nugget and Caesars Entertainment were fined for taking bets on college football games, which New Jersey State law specifically prohibits. The New Jersey Division of Gaming Enforcement or the New Jersey Racing Commission are both responsible for issuing fines in the event of a further occurrence.
