Australian sportsbook Betr has copped a record AU$210,000 (US$142,500) fine by Liquor & Gaming NSW for breaching the state’s wagering laws in its promotional material during its October 2022 launch.
The fine relates to odds of 100-1 and 20-1 Betr offered for picking the winner of major Australian sporting and racing events, such as the Melbourne Cup and Cox Plate, and on NRL and AFL markets. These odds were widely advertised in newspapers, on radio, on television and via online media.
In a Friday statement, Liquor & Gaming NSW said it had concluded that these advertisements breached NSW laws prohibiting the advertisement of any offer of an inducement to participate in a gambling activity, including an inducement to open a betting account or bet more frequently.
