Regulators Amend Sportsbook to Allow Credit Card Use on Site – KIWARadio.com & More Latest News Here
Des Moines, Iowa — State regulators on Thursday fined a sportsbook $60,000 for illegally allowing the use of credit cards on its site. Racing and gaming administrator Brian Ohorilko said the penalty involves American Wagering, which does business as Caesars Sportsbook.
He says the audit revealed several issues.
There were a total of 485 transactions worth $212,000, which he said was deemed quite egregious by the Racing and Gaming Commission. This follows a similar penalty issued at the last committee meeting against FanDuel for $75 thousand for a two-count violation. Ohorilko says this is something that has been proposed in the sportsbooks and there will be further penalties at future Commission meetings.
Ohorilko says the companies are working to make fixes for these types of violations.
Ohorilko says there are other penalties — such as license suspensions — that stewards can impose if the issues aren’t corrected. But he says the ultimate goal of each of these violations is to bring them back into line with the law.
Regulators approve sports betting to allow credit card use on site – KIWARadio.com & Latest Updates
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