N.J. Admin. Code § 13:69N-1.11

Current through Register Vol. 56, No. 8, April 15, 2024

Section 13:69N-1.11 - Patron wagers

(a) A sports pool operator shall not accept any wager on a sports event, unless it has provided written notification to the Division of the first time that wagering on a category of wagering event (for example, wagering on a particular type of professional sport) or type of wager (for example an in play wager or exchange wager) is offered to the public. Such notice shall be submitted prior to accepting a wager on such category of wagering event and shall include the name of the sports governing body and a description of its policies and procedures regarding event integrity. Notice is not required whenever the odds change on a previously offered wagering event. The Division reserves the right to prohibit the acceptance of wagers, and may order the cancellation of wagers and require refunds on any event for which wagering would be contrary to the public policies of the State.

(b) A prohibited sports pool participant, or the direct or indirect legal or beneficial owner of 10 percent or more of a sports governing body or any of its member teams, shall not be permitted to wager on any event governed by the league or sports governing body with which they are affiliated. Any employee of a sports governing body, or one of its member teams, who is not a prohibited sports pool participant shall register with the Division prior to placing a sports pool wager.

(c) Pursuant to (a) above, a wagering operator shall only accept wagers on wagering events for which:

1. The outcome can be verified;

2. The outcome can be generated by a reliable and independent process;

3. The outcome is not affected by any wager placed; and

4. The event is conducted in conformity with all applicable laws.

(d) A wagering operator shall not unilaterally rescind any wager pursuant to this chapter without the prior approval of the Division.

(e) Patron wagers pursuant to this chapter shall be made with:

1. Cash;

2. Cash equivalent;

3. Credit or debit card;

4. Promotional funds;

5. Sports pool vouchers;

6. Value gaming chips; and

7. Any other means approved the Division.

(f) The available wagers shall be displayed in a manner visible to the public and the operator's closed circuit television system. The display shall include the odds and a brief description of the event.

(g) The maximum wager that may be accepted by any sports pool operator from a patron on any one sports event shall be limited to $ 5,000,000.

(h) Winning wagering tickets shall be redeemed by a ticket writer, or at a sports pool kiosk, after verifying the validity of the wagering ticket through the sports pool system. The cashier or kiosk shall cause the system to electronically redeem and cancel the wagering ticket upon redemption.

(i) Winning wagering tickets of $ 30,000 or more presented at the sports pool lounge shall be redeemed at a fully enclosed ticket writer station or at the casino cage.

(j) A patron may redeem, by mail, a winning wagering ticket to the address provided thereon in accordance with the wagering operator's internal controls.

(k) A sports pool operator may, in its discretion, accept a layoff wager from another sports pool operator. A sports pool operator placing a layoff wager shall disclose its identity to the sports pool operator accepting the wager.

N.J. Admin. Code § 13:69N-1.11

Adopted by 50 N.J.R. 1652(a), effective 7/16/2018

Amended by 51 N.J.R. 1514(b), effective 10/7/2019