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New Jersey fines DraftKings $100K for reporting inaccurate sports betting data to the state
New Jersey gambling regulators have fined DraftKings $100,000 for reporting inaccurate sports betting data to the state
ATLANTIC CITY, N.J. -- In one of the most sternly worded rebukes they have ever issued, New Jersey gambling regulators have fined DraftKings $100,000 for reporting inaccurate sports betting data to the state, which it called “unacceptable conduct” that demonstrated weaknesses in the company's business abilities. In early March, the gaming enforcement division's Office of Financial Investigations became aware of issues in the way DraftKings had reported sports betting revenue to regulators in Illinois and Oregon, and suspected the same problems were happening in New Jersey, Flaherty wrote. The company told New Jersey regulators that an update to a newly created database contained a coding error that resulted in the miscategorization of certain bets, according to the state.
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