USA-Casino.com Report: 2022 Global Casino Industry Fines Reached $128M

LA VEGAS, January 3, 2023 /PRNewswire/ — Gambling regulators in United States, Australia, UK, Sweden and the Netherlands had a busy year in 2022 – imposing financial penalties on numerous online and land-based casino and gaming operators – which included record penalties, warnings and even the suspension of gambling licenses.

Analysis by UNITED STATES-Casino.com revealed that financial sanctions against the global gambling industry were imposed on companies 36 times in 2022 – totaling around $128,913,840 – a whopping 166% increase from the 2021 total $48,642,992.

Brands that have suffered regulatory wrath include Betr, Betway, Draftkings, BetMGM, Unibet, LeoVegas, 888, PointsBet and more.

The top gambling company failures identified by regulators in 2022 included:

  • Accept bets before being allowed to do so.

  • Contact and offer promotions to players who exclude themselves.

  • Marketing to young adults.

  • Spamming.

  • Violating advertising rules / incitement violations.

  • Failures in the fight against money laundering.

  • Lack of social responsibility.

  • Accept prohibited bets.

  • Offering bonuses in violation of local gaming laws.

  • Failure to prevent overspending and place limits on accounts.

  • Failing to identify customers at risk of gambling-related harm.

  • Not having appropriate anti-money laundering (AML) measures.

The gaming industry’s largest financial penalties of 2022 were imposed on Star Entertainment Group (fined A$100,000,000 by Australian regulators for license violations, including allowing money laundering to his sydney casino – also losing its license), and Entain – fined $21 million (£17,000,000) – the biggest fine in UKGC history, after the Commission discovered anti-money laundering (AML) irregularities at online businesses Coral and Ladbrokes Entain as well as in several land-based betting shops.

From October 2022the UK gambling regulator had charged 16 operators a total of $48 million (£45m), with the CEO, Andre Rhodesstating that “the message is starting to get through”.

The narrative around gambling in the United States has changed dramatically recently, with critical coverage of the New York TimesWall St Journal and other major media pointing out industry shortcomings.

Former US Gambling Regulator Richard Schuetz speak with UNITED STATES-Casino.com and said that going forward, he expects more fines and more regulation of gambling in the United States in 2023:

“Regulated gambling brands would be advised to be proactive in fixing one of their own shortcomings before the media and consumers do, rather than devoting their collective lobbying efforts to The straw man where they focus their “burning” efforts – offshore, international gambling operators… Many regulatory agencies are overwhelmed and under-prepared for the challenges that come with regulation in the gambling space. money. It is imperative that gambling regulators find the right people for the job – people with first-hand experience and understanding of the gambling industry – and whose primary guideline is consumer protection, not quick and easy tax benefits.”

With heightened surveillance and a likely increase in problem gambling cases, it is highly likely that the global gambling industry will see a wave of new marketing and licensing regulations in 2023 – focused on consumer protection.

See the full report and 2022 gaming industry fines data to UNITED STATES-Casino.com.

About UNITED STATES-Casino.com

UNITED STATES-Casino.com is an independent US casino guide and casino information portal that provides detailed and up-to-date information on land-based and online casinos – covering all 50 US states.

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