Ohio regulator issues $1M in penalties to betting firms
BetMGM is the latest company fined by Ohio Casino Control Commission for "irresponsible advertising activity" around "risk-free" wagers.
The Ohio Casino Control Commission (OCCC) has issued a total of $1 million in penalties to betting firms for failing to maintain industry standards in advertising their gambling products.
The latest firm to receive a fine from the OCCC was BetMGM, which was stung for $150,000 for "irresponsible advertising activity" related to the terms "risk-free" and "free" that encouraged customers to take a second chance on money they had already put down.
Other companies fined by the OCCC include DraftKings and Caesars Sportsbook for failing to include a helpline number for gamblers in their advertising.
BetMGM's chief compliance officer immediately apologized and said the company was committed to ensuring the highest gambling standards in Ohio.