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01/29 2019

NASCAR BANS DRIVERS AND TEAM MEMBERS FROM BETTING ON RACES

NASCAR bans drivers and team members from betting on races

NASCAR will ban drivers and crew members from placing bets on all events under the sanctioning body’s banner in 2019.PHOTO BY SHUTTERSTOCK

This is a byproduct of SCOTUS permitting states to allow gambling in May

BY:  MATT WEAVER

NASCAR has officially entered the sports betting landscape for the 2019 season and beyond as it revealed on Monday afternoon a policy that prohibits team owners, drivers, crew members and officials from gambling on events.

NASCAR listed penalties for betting that could include indefinite suspension or termination and/or a fine of $150,000-$200,000.

The policy was put together with Sportrader Integrity Services. This is a byproduct of the Supreme Court of the United States allowing in May individual states to decide if they will allow sports betting.

In October, Dover International Speedway became the first track that hosts NASCAR to introduce an at-track betting service.

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

The policy also prohibits the equivalent to insider trading, prohibiting team owners, drivers, crew members and series officials from disclosing confidential information for the purposes of enabling or facilitating gambling as it pertains to NASCAR events.

NASCAR members are also encouraged to report “without undue delay” any attempted, requested witnessed or observed legal or illegal gambling activity non-compliant involvement relating to an event which NASCAR is involved or “that in the judgment of NASCAR could represent the potential for a conflict of interest, unsportsmanlike conduct, or other action(s) detrimental to stock car auto racing or NASCAR.”

The policy also allows NASCAR members to take part in fantasy games relating to any events in which NASCAR is involved as so long as they do not accept prizes with a value in excess of $250.

Any NASCAR member found in violation of its sports betting policy will receive a letter detailing the terms for reinstatement. A designated program administrator will facilitate an evaluation and coordinate it with the appropriate professional to create a reinstatement plan. When a NASCAR member has completed the requirements set forth in that, they are eligible for reconsideration of reinstatement of a NASCAR license.