DraftKings Fined $100K by New Jersey for Inaccurate Betting Data

Regulators cite significant reporting errors and demand stricter compliance measures from the Boston-based company.

New Jersey regulators fined DraftKings $100,000 for inaccurate sports betting data reporting.
The errors involved overstating parlay bets and understating other wagers, affecting tax returns.
DraftKings attributed the mistakes to a coding error in a new database, now corrected.
The company has implemented additional controls and staff training to prevent future issues.
Regulators emphasized that accurate data is critical for the integrity of the gaming system.