BOSTON (SHNS) – Massachusetts gambling regulators last week hit DraftKings with the largest fine imposed on a sports betting company yet, finding that the Boston-based company over the course of nearly a year violated the state law that prohibits the use of credit card funds for wagering.
The $450,000 fine appears to be by far the largest for a sports betting violation since legal betting started in 2023, and also the largest of any fine imposed by the Gaming Commission on any operator with the exception of the fines associated with Wynn Resorts in 2019 ($35 million on the company and $500,000 on its CEO), based on the commission’s database of its enforcement actions.
In Friday’s order imposing the fine and a series of conditions on DraftKings, commissioners said they had been in touch with DraftKings and other operators to confirm compliance with the ban on credit card usage before betting even began. The order notes that the decision to fine the company $450,000 was not unanimous among the commissioners, though all five signed the overall ruling…