Online sports betting giant DraftKings was fined $450,000, the largest fine of its kind ever issued, after the Massachusetts Gaming Commission found the company illegally accepted credit card funds.
The commission ruled July 25 that DraftKings, which is headquartered in Boston, repeatedly violated the law when accepting more than a thousand impermissible wagers amounting to $83,667.92 from 218 customers’ credit cards.
“There is a preponderance of evidence showing that these violations occurred. In fact, DraftKings does not dispute any of the relevant facts,” the commission’s decision read. “DraftKings contends that its noncompliance was based on a fundamental misunderstanding of the prohibition at issue and did not constitute purposeful contravention of the law.”
