Sponsored by:
Assemblyman DAN HUTCHISON
District 4 (Atlantic, Camden and Gloucester)
Assemblyman CODY D. MILLER
District 4 (Atlantic, Camden and Gloucester)
Assemblyman MICHAEL VENEZIA
District 34 (Essex)
SYNOPSIS
Requires sports wagering licensees to adopt and publish rules governing wagering account limitations and to notify patrons when accounts are limited.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning limitations imposed on wagering accounts by sports wagering licensees and supplementing P.L.2018, c.33.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. Each sports wagering licensee, and their contracted operators, shall adopt rules governing the limitations which may be placed on wagering accounts. Such limitations may include, but need not be limited to, limits on play times, maximum wager amounts, and deposit and withdrawal restrictions. The rules shall be submitted to the division for approval and, once approved, shall be conspicuously displayed in the licensee’s sports wagering lounge, posted on the operator's Internet website, included in the terms and conditions of the wagering account, and copies shall be made readily available to all patrons.
b. Whenever a sports wagering licensee or their contracted operator places any limitation covered by subsection a. of this section on a wagering account, the sports wagering licensee or their contracted operator shall provide the pstron with written notice and an explanation for the imposition of such limitations. Any account that has been so limited shall be reviewed at periodic intervals, in accordance with standards to be established by the division, to determine whether the account should remain limited or whether the limitations should be removed.
c. Sports wagering licensees and their contracted operators shall report annually to the division on the frequency and kind of limitations imposed on wagering accounts. The division may request any additional information from a sports wagering licensee or contracted operator as may be necessary to assess compliance with this section.
d. The division may establish such rules and regulations, in accordance with the “Administrative Procedure Act,” P.L.1968, c.410 (C.52:14B-1 et seq.), as may be necessary to implement this section.
2. This act shall take effect immediately.
STATEMENT
This bill requires that sports wagering licensees and their contracted operators adopt rules governing the limitations that may be placed on wagering accounts. The limitations may include limits on play times, maximum wager amounts, and deposit and withdrawal restrictions. These rules must be submitted to and approved by the Division of Gaming Enforcement and made publicly available for the awareness of all patrons.
The bill also requires that licensees and their contracted operators provide written notice and an explanation for any limitations imposed on a wagering account and that they review those limitations at periodic intervals in accordance with guidelines established by the division.
Additionally, the bill requires licensees and their contracted operators to report annually to the division on the frequency and kind of limitations that have been imposed on wagering accounts and authorizes the division to request any additional information as may be necessary to assess compliance with the bill’s provisions.