Bet365 has been mandated to pay more than half a million dollars in back winnings to bettors in New Jersey.

The New Jersey Division of Gaming Enforcement (DGE) revealed that an April 2022 audit of bet365’s sports betting operations found the online sportsbook had unilaterally revised odds on 13 sporting events without state regulatory approval. This adjustment of odds resulted in reduced payouts for nearly 200 winning bets.

DGE auditors discovered that bet365 frequently altered odds on accepted bets to favor the house, a clear violation of New Jersey’s sports betting regulations, warranting regulatory action.

Bet365 is a UK-based gambling company privately owned by the billionaire Coates family.

Sportsbook Claims Erroneous Odds

Operating online sports betting in New Jersey through a partnership with Hard Rock Hotel & Casino Atlantic City, bet365 responded to the DGE’s action by citing several “obvious error” situations during the events in question.

Bettor Restitution

The DGE ordered bet365 to honor all 199 winning wagers in full based on the original odds, totaling $519,323.32.

Bet365 was given 10 days from the July 22 action letter to pay the outstanding wins. Additionally, the DGE required bet365 to submit a report detailing its efforts to identify and rectify its odds-making errors within 20 days of the letter.

Labeling bet365’s actions as “totally unacceptable,” DGE Director David Rebuck warned the online sportsbook that “no further such violations related to the unilateral voiding of wagers will be tolerated,” implying a threat to the company’s New Jersey sports betting license.

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