Maryland State Board of Elections has issued the largest fine in its history to the Sports Betting Alliance for failing to comply with disclosure requirements.
According to the details of the penalty, the fine of $48,000 was issued as a result of activities that took place during the 2020 election when the local electorate was asked to vote on the legalization of sports betting in Maryland. Expenditures of $10,000 or more must be publicly disclosed to the Maryland State Board of Elections within 48-hours. The board found that the Sports Betting Alliance breached this condition.
The Sports Betting Alliance represents the interests of online gambling sites DraftKings, BetMGM, FanDuel and Maryland Election Board Hits Sports Betting Alliance with Record Fine all of which hold sports betting licenses in the state of Maryland.
Maryland Election Board Hits Sports Betting Alliance with Record FineMaryland Election Board Hits Sports Betting Alliance with Record Fine“We’re cracking down hard on disclosure with independent expenditure entities and that was the biggest one that was collected so far
Maryland Election Board Hits Sports Betting Alliance with Record Fine
“This was simply a filing error by our compliance team. As soon as we realized the mistake, we immediately filed the missing form and worked with the Maryland State Board of Election to correct the error.”
Details of the exact figure spent by the sports betting group has not been made available yet.
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