Lawmakers in New Jersey are reportedly considering upping the fines for sportsbook operators that offer wagers on off-limits events.
New Jersey's sportsbetting law prohibits wagers on college level teams within the state's borders, but glitches last year resulted in punters able to wager on Rutgers events. Casino groups such as The Golden Nugget, Resorts, and Caesars have all offered wagers on these events, and Caesars was given a $2,000 fine, which is a slap on the wrist.
Regulators are considering asking lawmakers to up the fine to between $20,000 and $100,000, making it much more unpalatable to circumvent the law. One proponent of this upping the fine is Assemblyman Ralph Caputo, who said of the current structure, "It's insulting, really, for any of them to ignore the clear will of what the people voted for. The Division of Gaming Enforcement does a terrific job, but all they have right now is a slap on the wrist."
It's unknown how long it would take the lawmakers to pass a resolution to up the fines, but Casino Listings News will follow the story and update readers as we learn more.