FOX Bet, which is closing its doors in New Jersey later this month, was fined $80,000 for accepting wagers on prohibited college basketball games during the 2021 NCAA basketball season.
New Jersey is just one of a dozen states that prohibits wagering on in-state college basketball games. Still, a DGE investigation uncovered at least three instances of FOX Bet violating the rules.
The DGE found that FOX Bet accepted prohibited wagers on a February 2021 Big Ten contest between the Rutgers Scarlet Knights and Northwestern Wildcats and a November contest between Monmouth University and Lehigh University.
The DGE investigation also led FOX Bet and parent company Flutter to admit it also accepted New Year’s Eve wagers on a 2021 NCAA basketball contest between Farleigh Dickinson University and St. Frances University.
TSG Interactive US Services, the holding company of FOX Bet and Flutter, is responsible for paying the $80,000 fine.
FOX Bet Closing Doors on August 31
FOX Bet and parent company Flutter announced in July that they would shut down their New Jersey sports betting business as of August 31. Flutter cited a desire to focus on its other betting brands like FanDuel, but the reality is that FOX Bet barely survived in New Jersey and couldn’t compete with FanDuel NJ, DraftKings, BetMGM, and Caesars NJ.
FOX Bet is now the third sports betting company to close its doors over the past 30 days. PlayUp sportsbook was ordered shut down by the DGE for not paying its bills, and WynnBET recently announced it would also end its sports betting operation in the Garden State.