N.J. Admin. Code § 13:45A-36.11

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:45A-36.11 - Operations fee

(a) Except as provided in (d) below, a fantasy sports operator shall pay to the Division, on a quarterly basis, an operations fee in an amount equal to 10.5 percent of fantasy sports gross revenue for each quarter. The operations fee will be deposited into the general fund of the State.

(b) Operation fees will be due on April 20, July 20, October 20, and January 20.

(c) Along with the operation fees, fantasy sports operators shall complete and submit the operation fee form provided by the Division.

(d) A fantasy sports operator who solely operates a season-long single -sport fantasy sports activity, may estimate its quarterly operations fee based upon its fantasy sports gross revenue from the previous year. Such a fantasy sports operator would pay a quarterly operations fee that would be equal to 10.5 percent of fantasy sports gross revenue from the previous year divided by four.

(e) A fantasy sports operator that seeks to pay an operations fee pursuant to (d) above shall notify the Division that it will be following the requirements of (d) above prior to payment of the operations fee.

(f) A fantasy sports operator that pays an operations fee pursuant to (d) above and whose estimated quarterly payments for the first three quarters are greater than or less than the amount the fantasy sports operator would have owed if the operations fee was calculated pursuant to (a) above, shall adjust the payment for the fourth quarter to reflect the over- or underpayment of the operations fee.

N.J. Admin. Code § 13:45A-36.11

Adopted by 51 N.J.R. 1764(a), effective 12/2/2019