MarylandSports Betting Alliance received a $48,000 penalty for failing to disclose its spending within the mandated time limit.
The Maryland State Board of Elections identified the violations during the 2020 campaign to legalize sports betting. Sports Betting Alliance (SBA) represents several high-profile operators benefiting from the proliferation of legalized wagering across the USA. Last-minute donations can significantly impact the voting process, necessitating the Board of Elections’ strict rules and harsh punishments.
The SBA Pushed for Sportsbook Legalization
Maryland’s regulations regarding financial contributions on political issues mandate that any promoting or advocating entity must disclose donations of $10,000 or more within 48 hours of donating. Failure to comply leads to fines of $1,000 per day or 10% of the organization’s expenditure in the state, whichever is greater.
The Maryland State Board of Elections identified the violations during the 2020 campaign to legalize sports betting. Sports Betting Alliance (SBA) represents several high-profile operators benefiting from the proliferation of legalized wagering across the USA. Last-minute donations can significantly impact the voting process, necessitating the Board of Elections’ strict rules and harsh punishments.
The SBA Pushed for Sportsbook Legalization
Maryland’s regulations regarding financial contributions on political issues mandate that any promoting or advocating entity must disclose donations of $10,000 or more within 48 hours of donating. Failure to comply leads to fines of $1,000 per day or 10% of the organization’s expenditure in the state, whichever is greater.
