Two AC casino operators Vie for illegal sports wagers

Sports betting is on the rise in the USA, with different states like New Jersey already launch sportsbooks and online services. Many Atlantic City casinos are now providing sports gambling services, with two recently fined for shooting illegal wagers.

In New Jersey, when sporting gambling was legalized, the legislation was written to stop some wagers from being made on college teams in the state. The legislation applies to every university in New Jersey, whatever the size of the school. Along with offering bets on college teams in NJ, sports gambling operators are not allowed to supply wagers on college events which happen in the state, even if colleges involved are not from New Jersey.

Limits are in place to stop such wagers from taking place on college and higher school events. The goal is to stop point-shaving during local games. With these laws in place, two casinos have been accused of permitting illegal wagers. Reportedly allowed wagers to occur involving college football teams in the state.

New Jersey Division of Gaming Enforcement spokeswoman,” Kerry Langan, stated: “Prohibited sporting events were posted, and wagers were placed on these events. All posted bets were voided and when the gamblers were known, these funds were returned . ”

Fines Establish:

Caesars Entertainment Corp. owns Bally’s and Harrah’s at Atlantic City, two of the company’s casinos that offer sports gambling. Caesars must pay $2,000 for accepting wagers on a football game between Rutgers and Kansas, an event that took place in early September. It is unknown which venue approved the wagers, with Caesars being notified of the breach in November.

The Golden Nugget needed to pay $390, an amount set because of just how much was approved via wagers by individuals at the property on NJ college football matches, also taking place in September. The complaint against the Golden Nugget was registered in early November along with the casino arranged to forfeit the capital from mid-December. The players involved in the wagers were not reimbursed since their identity was unknown.