College betting lands Fox Bet with $80,000 New Jersey penalty

New Jersey’s Division of Gaming Enforcement (DGE) has ordered Fox Bet to pay an $80,000 fine (£62,592/€73,371) for accepting bets on college basketball games taking place in the state.

The DGE filed several complaints against Fox Bet, the sports betting joint venture between Flutter Entertainment and Fox Corporation, for violating the ban on betting on college teams based in the state.

Offences stretch back to 2021, starting with the NCAA basketball game between New Jersey’s Rutgers University and Northwestern University on 13 February 2021. Markets on another game featuring Monmouth University in November that year were also spotted by the regulator.

Fox Bet then admitted two further breaches, for games involving Fairleigh Dickinson and Seton Hall University, in December 2021 and January 2022 respectively.

This amounts to a breach of the New Jersey Casino Control Act, DGE executive director David Rebuck said, ordering the business to pay $80,000 to settle the case.

News of the penalty comes after it was revealed last month that Fox Bet is shutting down. The site stopped taking bets in New Jersey at the end of July and will go offline from 31 August.

Original Article