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Massachusetts betting regulator fines Fanatics Sportsbook $10,000

Updated:2024-06-17 08:44    Views:181

Fanatics Sportsbook received a $10,000 fine from the Massachusetts Gaming Commission on Thursday for accepting a wager on an in-state college team in December.

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On Dec. 5, a bettor placed a $50 futures bet on Boston College’s bowl game against SMU. The following day, Fanatics noticed the error, canceled the bet, and refunded the customer for their attempted college football wager. The bowl matchup didn’t take place until Dec. 28, so the error was rectified well in advance of the game taking place.

Regardless of the quick fix, accepting a wager on an in-state college in non-tournament action is prohibited. As a result, Fanatics Sportsbook accepted the financial penalty.