The New Jersey Division of Gaming Enforcement (DGE) is mandating that Bet365 pay out $519,323.32 for 199 winning wagers on which the company adjusted odds without the agency's approval. The changes in odds were made on 12 different dates between 25 December 2020 and 18 November 2022.
All states do not require operators to get approval before shifting odds. Also unusual is that Bet365 must pay the bettors rather than a fine to the DGE. In many cases in New Jersey and other states, when a sportsbook violates the rules, fines are imposed.
Bet365 is among the top five operators in terms of gaming revenue in New Jersey.
The DGE gave Bet365 10 days to reimburse bettors from the time the letter went out.
Division approval needed, DGE reiterates
According to a 22 July letter, Bet365 altered the odds on the events after they were posted.
In the letter, the DGE writes that Bet365 believed it could “unilaterally revise the odds that had already been offered on wagers for these event..
