{"id":206638,"date":"2022-03-24T09:11:59","date_gmt":"2022-03-24T16:11:59","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=206638"},"modified":"2022-03-24T09:30:38","modified_gmt":"2022-03-24T16:30:38","slug":"betmgm-hit-with-25000-penalty-in-new-jersey","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/betmgm-hit-with-25000-penalty-in-new-jersey\/","title":{"rendered":"BetMGM Mishap Leads to $25k in New Jersey Fines"},"content":{"rendered":"

Last year, BetMGM took a small amount of wagers on New Jersey college basketball teams. But the state prohibits bets on games involving local universities, leading to a fine for the gaming operator.<\/p>\n

\"BetMGM
The BetMGM sporstbook at the Borgata Atlantic City. The operator is being fined $25,000 for taking bets on New Jersey college games. (Image: Covers.com<\/em>)<\/figcaption><\/figure>\n

State law prohibits sportsbook operators from accepting wagers on colleges located there, as well as NCAA games taking place in the state. Recently released documents from the New Jersey Division of Gaming Enforcement (NJDGE) indicate that in March 2021, BetMGM ran afoul of that regulation to the tune of less than $100 in accepted bets, leading to a $25,000 penalty.<\/p>\n

\n

NJDGE says the gaming company accepted a bet on a game involving Rutgers University, which is located in New Jersey. It also took two small wagers on March 10, 2021 on a Metro Atlantic Athletic Conference tournament game between Niagara University and Marist College that was played in Atlantic City.<\/p>\n<\/div>\n

The regulatory agency also noted that MGM Resorts International blamed Entain Plc for the mishap. That company is the technology provider for BetMGM, and as such, is supposed to check things such as the location of Rutgers. MGM and Entain are 50\/50 partners on BetMGM<\/a>.<\/p>\n

Human, Tech Errors<\/h2>\n

NJDGE adds that Entains trading unit didn\u2019t spot the mistake, even though those staffers are required to verify game locations when wagers come in. BetMGM has an automated system for that, but it was supposedly down at the time the aforementioned wagers were placed.<\/p>\n

After the bets were offered, a BetMGM employee caught the error on the Marist\/Niagra game, voided the wagers, and returned cash to bettors.<\/p>\n

The Rutgers game misstep stems from BetMGM offering a pre-made parlay involving the Scarlet Knights to New Jersey. That mistake was caught and rectified after just $30 in bets came in on that offering. NJDGE said the error was made by an Entain staffer working in Australia who likely wasn\u2019t familiar with Rutgers and the school\u2019s location.<\/strong><\/p>\n

It\u2019s not clear if the fine is a source of tension between MGM and Entain. However, it\u2019s widely known that the casino operator would like to gain full control of BetMGM. Additionally, Entain overtly said its relationship with BetMGM was one of the reasons why merger talks<\/a> with DraftKings fell apart last year.<\/p>\n

Still Potential Issue in New Jersey<\/h2>\n

New Jersey had a chance to avoid similar issues from popping up down the road. Last November, a ballot question that would have allowed betting on colleges in the state was put to voters. It was resoundingly defeated by a 57% to 43% margin.<\/p>\n

Currently, 17 of the 30 states with regulated sports betting permit wagers on in-state universities. Delaware and New York, which border New Jersey, do not. But Maryland and Pennsylvania do.<\/strong><\/p>\n

With New Jersey ranking as one of the top states in terms of sports betting handle<\/a>, it\u2019s hard to say allowing bets on local colleges is needed to boost revenue. Conversely, with St. Peter\u2019s — a New Jersey university — on a surprising NCAA Tournament run, it\u2019s safe to say the state and sportsbook operators are missing out on some revenue due to the aforementioned ban on betting on universities in the state.<\/p>\n","protected":false},"excerpt":{"rendered":"

Last year, BetMGM took a small amount of wagers on New Jersey college basketball teams. But the state prohibits bets on games involving local universities, leading to a fine for the gaming operator. State law prohibits sportsbook operators from accepting wagers on colleges located there, as well as NCAA games taking place in the state. […]<\/p>\n","protected":false},"author":46,"featured_media":206639,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13592,1074],"tags":[],"acf":[],"yoast_head":"\nBetMGM Hit With $25,000 Penalty In New Jersey<\/title>\n<meta name=\"description\" content=\"New Jersey fines BetMGM $25,000 for taking bets on Rutgers, college game played in the state.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BetMGM Hit With $25,000 Penalty In New Jersey\" \/>\n<meta property=\"og:description\" content=\"New Jersey fines BetMGM $25,000 for taking bets on Rutgers, college game played in the state.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/betmgm-hit-with-25000-penalty-in-new-jersey\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-24T16:11:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-24T16:30:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/borgata_moneyline_3-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1435\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/betmgm-hit-with-25000-penalty-in-new-jersey\/\",\"url\":\"https:\/\/www.casino.org\/news\/betmgm-hit-with-25000-penalty-in-new-jersey\/\",\"name\":\"BetMGM Hit With $25,000 Penalty In New Jersey\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/betmgm-hit-with-25000-penalty-in-new-jersey\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/betmgm-hit-with-25000-penalty-in-new-jersey\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/borgata_moneyline_3-scaled.jpg\",\"datePublished\":\"2022-03-24T16:11:59+00:00\",\"dateModified\":\"2022-03-24T16:30:38+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"New Jersey fines BetMGM $25,000 for taking bets on Rutgers, college game played in the state.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/betmgm-hit-with-25000-penalty-in-new-jersey\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/betmgm-hit-with-25000-penalty-in-new-jersey\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/betmgm-hit-with-25000-penalty-in-new-jersey\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/borgata_moneyline_3-scaled.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/borgata_moneyline_3-scaled.jpg\",\"width\":2560,\"height\":1435,\"caption\":\"The BetMGM sporstbook at the Borgata Atlantic City. The operator is being fined $25,000 for taking bets on New Jersey college games. (Image: Covers.com)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/betmgm-hit-with-25000-penalty-in-new-jersey\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sports Betting\",\"item\":\"https:\/\/www.casino.org\/news\/sportsbetting\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"BetMGM Mishap Leads to $25k in New Jersey Fines\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BetMGM Hit With $25,000 Penalty In New Jersey","description":"New Jersey fines BetMGM $25,000 for taking bets on Rutgers, college game played in the state.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"BetMGM Hit With $25,000 Penalty In New Jersey","og_description":"New Jersey fines BetMGM $25,000 for taking bets on Rutgers, college game played in the state.","og_url":"https:\/\/www.casino.org\/news\/betmgm-hit-with-25000-penalty-in-new-jersey\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2022-03-24T16:11:59+00:00","article_modified_time":"2022-03-24T16:30:38+00:00","og_image":[{"width":2560,"height":1435,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/borgata_moneyline_3-scaled.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/betmgm-hit-with-25000-penalty-in-new-jersey\/","url":"https:\/\/www.casino.org\/news\/betmgm-hit-with-25000-penalty-in-new-jersey\/","name":"BetMGM Hit With $25,000 Penalty In New Jersey","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/betmgm-hit-with-25000-penalty-in-new-jersey\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/betmgm-hit-with-25000-penalty-in-new-jersey\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/borgata_moneyline_3-scaled.jpg","datePublished":"2022-03-24T16:11:59+00:00","dateModified":"2022-03-24T16:30:38+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"New Jersey fines BetMGM $25,000 for taking bets on Rutgers, college game played in the state.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/betmgm-hit-with-25000-penalty-in-new-jersey\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/betmgm-hit-with-25000-penalty-in-new-jersey\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/betmgm-hit-with-25000-penalty-in-new-jersey\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/borgata_moneyline_3-scaled.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/borgata_moneyline_3-scaled.jpg","width":2560,"height":1435,"caption":"The BetMGM sporstbook at the Borgata Atlantic City. The operator is being fined $25,000 for taking bets on New Jersey college games. (Image: Covers.com)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/betmgm-hit-with-25000-penalty-in-new-jersey\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Sports Betting","item":"https:\/\/www.casino.org\/news\/sportsbetting\/"},{"@type":"ListItem","position":3,"name":"BetMGM Mishap Leads to $25k in New Jersey Fines"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/206638"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=206638"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/206638\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/206639"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=206638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=206638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=206638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}