Group of Major Gambling Operators Hit With Record Fine in Maryland

money beside a judge's gavel

The Sports Betting Alliance has gotten a record fine from the Maryland State Board of Elections for failing to comply with the state’s 48-hour disclosure requirements.

A group of leading gambling operators received the biggest-ever Maryland State Board of Elections fine for not complying with the 48-hour disclosure requirements in the state. The Sports Betting Alliance has to pay a $48,000 financial penalty.

The board’s Director of Candidacy and Campaign Finance, Jared DeMarinis, spoke about the decision, saying “We’re cracking down hard on disclosure with independent expenditure entities.” All of the money coming from fines go toward public campaign financing.

a group that represents online gambling interests

Sports Betting Alliance is a group that represents online gambling interests and includes FanDuel, BetMGM, and DraftKings. The issue in this case dates back to the 2020 campaign when the public was voting on the legalization of sports betting.

A spokesperson for the group explained that the compliance team made a filing error, which led to the penalty. It corrected the error immediately after realizing the matter. These major operators now have online sports betting licenses in the state after the public supported legalization and lawmakers passed legislation.

source

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