New Jersey regulator orders bet365 to pay back over $500,000
The funds are to be paid out to nearly 200 patron accounts.
The New Jersey Division of Gaming Enforcement (NJDGE) has issued an action in lieu of complaint against bet365, and has ordered the company to pay more than $500,000 to player accounts.
The action was the result of a routine audit and investigation that was conducted in April 2022. The audit covered a timeframe from December 2020 to November 2022.
During the period in question, the NJDGE found that bet365 had accepted bets based on “incorrect odds” and had “unilaterally revised odds” during 13 sporting events with approval regulator approval.
As a result, the regulator determined that the operator must “pay wagers at originally posted odds rather than unilaterally corrected odds and further ordered the company to restore a total of $519,323.32 to 199 patron accounts.”
In its defense, bet365 claimed that it could revise these particular odds for these events because the odds had been posted “in obvious error.”
More than 90 million users across 160 countries and 22 languages represent the bet365 customer base.
In other company news, bet365 recently expanded its partnership with Inspired Entertainment. The duo will offer iGaming content to players in Pennsylvania.
The company said that the extended agreement “demonstrates its commitment to delivering innovative and engaging content to players across the region” and “marks the second North American market launch for Inspired’s iGaming content in just two months.” The company recently celebrated its launch in the state of New Jersey.
Inspired’s continuing partnership with bet365 will allow the operator to offer players in Pennsylvania and New Jersey access to bet365’s online games portfolio.
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