A sports gambling company was fined by state regulators for offering illegal bets on Caitlin Clark’s performance during an NCAA women’s basketball tournament game in March.
The fines were approved earlier this week by the Iowa Racing and Gaming Commission.
The commission fined the mobile sports betting company Tipico Iowa a total of $20,000 for two series of bets that it offered to gamblers in violation of state law.
A $15,000 fine was issued for Tipico offering wagers that involved the number of points, rebounds and 3-point baskets for former University of Iowa women’s basketball star Clark during the Hawkeyes’ NCAA tournament game on March 25. Those types of bets are not allowed by state law.
According to the commission, six bets were made; successful wagers were retained by the bettors and losing wagers were refunded.
A $5,000 fine was issued for Tipico offering bets related to the number of interceptions thrown by starting quarterbacks during the Feb. 12 Super Bowl. That type of bet also was not allowed.
According to the commission, five bets were placed; all were losing bets and all were refunded.
The commission also this week approved a total of $45,000 in fines to Prairie Meadows Casino in Altoona for multiple violations. The casino was levied separate $20,000 fines for two underage patrons who were allowed into the casino and gambled at slot machines.
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The fines were approved earlier this week by the Iowa Racing and Gaming Commission.
The commission fined the mobile sports betting company Tipico Iowa a total of $20,000 for two series of bets that it offered to gamblers in violation of state law.
A $15,000 fine was issued for Tipico offering wagers that involved the number of points, rebounds and 3-point baskets for former University of Iowa women’s basketball star Clark during the Hawkeyes’ NCAA tournament game on March 25. Those types of bets are not allowed by state law.
According to the commission, six bets were made; successful wagers were retained by the bettors and losing wagers were refunded.
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A $5,000 fine was issued for Tipico offering bets related to the number of interceptions thrown by starting quarterbacks during the Feb. 12 Super Bowl. That type of bet also was not allowed.
According to the commission, five bets were placed; all were losing bets and all were refunded.
The commission also this week approved a total of $45,000 in fines to Prairie Meadows Casino in Altoona for multiple violations. The casino was levied separate $20,000 fines for two underage patrons who were allowed into the casino and gambled at slot machines.
Capitol Notebook: Gambling company offered illegal bets on Caitlin Clark
Regulators fined a company $20K for illegal NCAA and Super Bowl wager offers.
