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Regulators Go Wild with Gambling Fines in 2024
By Shane Addinall Jul 17, 2024 LegalityBy imposing harsh fines, online gambling regulators are cracking down on approved casinos that do not abide by the licensing agreement. To date, they have imposed online casino violation fines worth more than €80 million.While fines are not specifically part of the revenue generation calculations of regulated gambling markets, we cannot deny that we have seen them bring in a fair amount of money in recent years.
Looking at an industry report for 2024, it seems this year is particularly lucrative for online gambling jurisdictions as they crack down on bad actors by hitting them where it hurts most – their bottom line.
Recent Noteworthy Gambling Fines
Looking at some of the fines regulators handed out in June and July, we can see why an increasingly dogmatic stance towards enforcement is proving profitable.
Here are three impressive fines collected by gambling authorities recently:
- €1,000,000 to be collected by the Ksa: JOI Gaming was found guilty of using celebrities in its online casino and sports betting advertising. The advertisements focused on promoting the Jack’s Racing Day event in 2023. The Dutch regulator intends to claim the maximum penalty of €1 million.
- €607,000 to be collected by the Swedish Gambling Authority: Kanon Gaming was found guilty of not providing adequate safeguards to ensure that the players at their three online casinos were protected against excessive spending and other gambling harms. This failure resulted in a fine of SEK 7 million.
- €384,000 to be collected by the Norwegian Lottery Authority: Norsk Tipping erroneously paid one of its players NOK 25 million (€2.1 million), a far more significant amount than the legislated maximum game win of NOK 100,000 (€8,500) or jackpot prize cap of NOK 5 million (€425,000). For this violation, they have been fined NOK 4.5 million.
According to a look at the broader gambling industry, regulators have racked up nearly €80 million in fines since 1 January 2024, with Australia leading the charge with an astronomical AU$67 million (€41.2 million) penalty against one of its licensed land-based casinos.
Finding a Trusted Online Casino Partner
If you are looking at those regions and wondering how to avoid signing up with an online casino that could face financial challenges from paying out hefty fines, we have you covered.
We looked at licensing, online reputation, GamblersPick Community feedback, and internal ratings to recommend our top three online casino picks in the Netherlands, Sweden, and Norway.
Australian Online Casinos:
Dutch Online Casinos:
Norwegian Online Casinos:
Swedish Online Casinos:
If you want something other than a casino in these regions or additional options, visit our dedicated online casinos page. Since GamblersPick uses geolocation tools, you will be shown sites available in your area. Feel free to manipulate the available filters to find the ideal online gambling venue that meets your specific needs.
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