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Fanatics Betting and Gaming has been fined $15,000 by the Massachusetts Gaming Commission (MGC) for breaking state and college sports betting laws by taking a low-stakes parlay wager on an in-state college basketball game.
The MGC disclosed at a meeting on July 11 that Fanatics had taken a $2 parlay wager at the close of the previous year. A collegiate team from Massachusetts was excluded from an NCAA tournament game as part of this parlay. The infraction happened even though the issue was discovered prior to the start of the game and the problematic leg was immediately annulled.
The MGC’s Investigations and Enforcement Bureau was notified of this incident on February 1. Following a thorough investigation, the Bureau recommended a $15,000 fine. Caitlin Monahan, Director of the Investigations and Enforcement Bureau, noted that Fanatics cooperated fully with the Commission and accepted the penalty without dispute.
This isn’t the first time Fanatics has faced penalties from the MGC. Previously, the company was fined $10,000 for accepting a bet on a Boston College University game. During a May 24 meeting, the commission detailed this earlier violation, which involved accepting a bet in December 2023 on a game between Boston College and Southern Methodist University during the Wasabi Fenway Bowl.
Fanatics attributed the error to a new employee who mistakenly enabled wagering on the game. Upon noticing the bet, Fanatics promptly self-reported the incident to the MGC.
The MGC’s decision to penalize Fanatics emphasizes how crucial it is to follow state laws, especially the ones that forbid betting on in-state college teams outside of NCAA tournaments. The MGC wants to make sure that all sports betting companies strictly adhere to the regulations by enforcing these sanctions.
The company’s dedication to promptly recognizing and correcting faults is demonstrated by the willingness of fans to accept penalties and cooperate with the MGC. In the future, Fanatics is probably going to take more steps to stop these kinds of things from happening and to make sure that all Massachusetts sports betting laws are followed.