Bet365 Slapped with $500,000 Fine for Unlawful Odds Changes in New Jersey
Kate Marshal
07 August 2024
Comment 0
Bet365 has been directed by the New Jersey Division of Gaming Enforcement (DGE) to compensate players with over $500,000 following unlawful betting odds adjustments, as reported by Gambling Industry News.
An investigation uncovered Bet365’s misconduct, where they modified odds for numerous winning bets, resulting in discrepancies between the listed and paid-out rates.
The irregularities spanned 13 sporting events from December 2020 to November 2022, encompassing American football, basketball, table tennis, MMA fights, and a golf tournament.
Despite Bet365’s assertion that their internal policies permitted odds alterations due to analyst errors, the DGE refuted this claim. The DGE stressed that New Jersey regulations mandate operators to secure regulatory approval and inform players of any odds adjustments.
The bookmaker’s independent odds modifications impacted 199 settled bets, leading to players incurring losses due to the unauthorized changes. Consequently, the DGE imposed a fine of $519,323 on Bet365 to reimburse the affected players.
In a prior incident in April 2024, the UK Gambling Commission penalized Bet365 with a fine close to $740,000 for similar violations.
Best Bonuses
Win Win Promo Code – Valid Bonus Code Today
Активен до: 22.12.2028
Get 100% first-deposit bonus for sports betting, followed by extra bonuses on the 2nd, 3rd and 4th deposits after the welcome bonus has been wagered.
BitStarz Bonus Code – Welcome Bonus
Активен до: 22.12.2026
BitStarz offers a welcome bonus: up to $500 or 5 BTC, plus extra rewards after your first deposit.
Best Linebet Promo Code for New Users: 2 Welcome Bonuses
Активен до: 22.12.2026
Up to 1766 USD + 150 free spins for casino or a 100% sports bonus up to 117.89 USD on the first deposit.
Working 888starz.bet Promo Code – Sports & Casino Bonus
Активен до: 22.12.2027
Promo code unlocks the full welcome package, including up to €1500 + 150 Free Spins in the casino and up to €400 in sport.
Working Pinco Promo Code 2026 – Elite Welcome Rewards
Активен до: 22.12.2026
New players at Pinco can claim a 160% casino bonus on their first deposit by registering with the promo code GPARK.
Official Fonbet Promo Code 2026 for €3,000
Активен до: 22.12.2026
Choose a multi-stage casino bonus and get up to €3,000 and 225 free spins across your first five deposits.
