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New Jersey gambling regulators

in Quasselecke 30.07.2019 03:25
von chenyan94 • 506 Beiträge

are investigating whether FanDuel's sports book should pay out more than $82 Seth Roberts Jersey ,000 to a man who was given exorbitant odds for the Denver Broncos to win Sunday against the Oakland Raiders.Anthony Prince of Newark made his bet and was handed a ticket at incredible 750-1 odds with about a minute left in the game, as the Broncos trailed by 2 points on their final drive. Denver kicked a field goal with 6 seconds left to win 20-19, capping a second half comeback that started with the Broncos down 12-0.FanDuel says its system should have calculated his odds at 1-6, meaning a bettor would have to wager $600 in order to win $100.Prince bet $110 on the Broncos but was stopped when he went to collect from FanDuel's betting window at the Meadowlands Racetrack in East Rutherford, New Jersey."They said, 'Oh, we can't honor this ticket,'" Prince told News12 New Jersey, which first reported the story. "I said, 'Why? This is fair and square.' They said the system had a glitch in it and they're not obligated to pay for glitches."FanDuel said in a statement that its system malfunctioned and it is not obligated to pay out on an obvious error."A small number of bets were made at the erroneous price over an 18 second period. We honored all such bets on the Broncos to win the game at the accurate market price in accordance with our house rules and industry practice, which specifically address such obvious pricing errors," FanDuel said in its statement. "We have reached out to all impacted customers and apologized for the error."How the matter is handled could have far-reaching effects on the budding sports betting industry in New Jersey at a time when new sports books are opening in some other states and lawmakers throughout the country consider whether to also jump in for the potential tax revenue. New Jersey challenged a federal ban and won a U.S. Supreme Court decision in May that cleared the way for gambling on games to expand beyond Nevada.The idea that player money and winnings would be protected and regulated by the state has been a major selling point among sports betting supporters who contrasted legal gambling with shady offshore betting sites where players often have little recourse in disputes.But gambling regulators also have policies in place to void obvious errors in sports bets.David Rebuck, director of the New Jersey Division of Gaming Enforcement, said the agency is investigating whether there are grounds to compel FanDuel to pay Prince the stated payout of $82,000. He added the agency is looking "just as importantly @ how it occurred given internal controls exist to prevent such an error. Those findings might also result in the need for further action."FanDuel's operation just a few miles from New York made $3 million in its first full month in August and quickly became the most popular sports book in New Jersey.FanDuel declined to say how many bets were made at the incorrect odds.Prince said FanDuel offered him $500 and some tickets to future New York Giants games, adding he should take the offer because they're not obligated to give him anything."I said Gabe Jackson Jersey , 'Wow, for real?'" Prince said. "You'd rather go to the corner bookies now; you're not getting paid here."Follow Wayne Parry at ://WayneParryAC The Raiders currently have a deal to play in 2019 at Oracle Park in San Francisco, but they could still have a deal to play in Oakland, if they want it.According to Michael Gehlken of the , the board that oversees the Oakland-Alameda County Coliseum continues to have a one-year, $7.5 million rent agreement on the table to host the Raiders for at least one more season.The Raiders walked away from the offer after Oakland sued the Raiders and the rest of the league over the team’s looming relocation to Las Vegas. And the Raiders recently reached a deal to share space with the San Francisco Giants.鈥淲e have always wanted them to come back and play the last season here,鈥?Coliseum Authority executive director Scott McKibben said Tuesday, per Gehlken. 鈥淜eep in mind the Coliseum Authority that I work for and represent is not in this lawsuit. The lawsuit has been filed by the city of Oakland. The role that I have taken is I鈥檝e got a lot of jobs to save for a season or two. . . .聽We would love to see them play here for the fans and the sponsors and the media exposure and all the various constituents that are impacted by this.”Although the Raiders want to play in San Francisco, Gehlken notes that the league has not approved the arrangement. Likewise, the San Francisco 49ers (which play in Santa Clara) have not waived their territorial rights to the city for which the franchise is named.There was a clear sense last week in Atlanta that the Raiders eventually will spend 2019 in Oakland. And that outcome could unfold like this: The league tells the 49ers to choose between letting the Raiders play in San Francisco or inviting the Raiders to share space at Levi’s Stadium. Then, if the 49ers choose Levi’s Stadium, the league tells the Raiders to choose between Levi’s Stadium and Oakland.However it plays out, the Raiders are expected to remain in the Bay Area for 2019. Despite the pending litigation, it won’t be a surprise if they stay in Oakland.

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