Get a Grip: The Week in Sports Betting And Sports: FanDuel Fiasco Wrap, Congress Coming
The post Get a Grip: The Week in Sports Betting And Sports: FanDuel Fiasco Wrap, Congress Coming appeared first on SportsHandle.
It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad).
Here’s the weekend Sports Handle item, “Get a Grip,” recapping the week’s top stories, and rounding up key stories in sports betting, gaming, and the world of sports at large. You may have missed them, and they are worth reading.
Takeaways on FanDuel Sportsbook Fiasco; Sports Betting Hearing on Capitol Hill Set for Next Week, Destination and Objectives Largely Unknown
A lot has happened this week, which has become the norm, and probably will remain so until the end of time. The top headline this week concerned the ticketing “glitch” at the FanDuel Sportsbook at Meadowlands Racetrack in New Jersey. It became a full-fledged national mainstream media story.
If you’re here, you know the facts by now, but let’s quickly recap: A man named Anthony Prince placed a bet over the counter at +75000 odds on the Broncos to defeat the Raiders at a time when the actual odds posted should have been -600. He wagered $110 to win about $82,000. The Broncos won the game. FanDuel said they would not pay Prince the money, calling the odds a technical error (with some human error, too). They initially offered him $500 and Giants tickets (value descending) instead of the $18 he’d have won at -600. Prince lawyered up.
The New Jersey Division of Gaming Enforcement began an investigation and although FanDuel may have been able to avoid paying the man (there were others who took advantage of the erroneous line that lived for 18 seconds) under regulations and house rules, the DGE may have pressured FanDuel to resolve the dispute by just paying Prince — to avoid a bad look so early into the growth process of New Jersey’s new sports betting market. On Thursday FanDuel reversed course and will pay that man his money, ultimately, a public relations move that may benefit the company overall.