Gambling in the USA

Nascar bans members from betting

Published

6 years ago

January 31, 2019

Niji Narayan

Photo Source: CNBC.com

Reading Time: < 1 minute

NASCAR-licensed members banned from betting on the sport.

All gambling channels are covered with the policy banning betting in gaming, casino, lottery, race track and internet gaming.

Off-track betting is also prohibited along with the dissemination of confidential information by NASCAR members for the purposes of enabling or facilitating gambling activity. Members are also required to report violations “at the first available opportunity.”

According to the policy, fantasy sports may not accept prizes exceeding $250. The policy also details minimum penalties, if rules are breached including indefinite suspension or termination and/or a fine of between $150,000 and $200,000.

As per the policy, “All NASCAR members have an obligation to protect the integrity of the sport. Gambling on NASCAR Events by Members can post a serious threat to the integrity of NASCAR, its stakeholders, and the industry as a whole. The integrity of NASCAR Competition remains our greatest asset.”

Related Topics:

Up Next

New Gambling rules for Slovakia

Don't Miss

Lotto and Digit Games pushes PCSO profit

Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.