N.J. Admin. Code § 13:69N-1.11
Current through Register Vol. 56, No. 21, November 4, 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; and4. 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. 1. Wagers that may not be unilaterally voided include wagers accepted due to trader or feed errors, as well as wagers where the odds are posted incorrectly.2. Wagers alleged to have been accepted after an outcome is known shall be reported to the Division through the filing of an Incident Alert form not later than 12 hours following the incident. Such wagers shall be voided after the filing of the Incident Alert; however, the Division may, after investigation, order such wagers to be deemed valid.(e) Patron wagers pursuant to this chapter shall be made with: 6. Value gaming chips; and7. 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) All transactions of $ 30,000 or more presented at the sports pool lounge shall be processed at a fully enclosed ticket writer station or at the casino cage.(j) A wagering operator shall create internal controls to redeem sports pool tickets by mail. Such controls may include a limitation on the dollar amount of the transaction, which shall not be less than $ 5,000, or a requirement that the patron reside further than 50 miles from the casino or racetrack.(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.(l) A sports pool operator shall promptly notify the Division by filing an Incident Alert upon finding that they offered a prohibited event. All wagers, if any, accepted at such an event shall be:1. Voided if not yet settled; or2. Resettled to void if previously settled as either a losing or winning wager.(m) A sports pool operator shall promptly notify the Division by filing an Incident Alert upon finding that an event was offered without providing the notification required pursuant to (a) above. All wagers, if any, accepted at such an event shall: 1. Be voided if not yet settled;2. Be resettled to void if previously settled as a losing wager; or3. Stand as a winning wager if previously settled as such.(n) A wager that involves multiple events, such as a parlay or a "round robin," that involves one or more events governed at (l) above shall stand, but the prohibited event shall be treated as if that event was never included in the wager. For example, a six-event parlay in which one of the events is a prohibited wager shall be treated as a five-event parlay.(o) A wager that involves multiple events, such as a parlay or a "round robin," that involves one or more events governed at (m) above shall:1. Stand if the wager is a losing wager based solely upon the outcome of the approved events that were wagered on, not taking into account the outcome of the unauthorized event. For example, a six-event parlay in which one of the authorized wagers loses will stand as a losing wager;2. Be settled as a winning wager if the unauthorized event is the only event that causes the wager to lose. For example, a six-event parlay in which five authorized events are winners and the unauthorized event is a loser shall be paid as a successful five-event parlay; or3. Stand if the wager was an outright winner. For example, a six-event parlay in which all six events were winners but one of the events was unauthorized shall be paid as a winning six-event parlay.N.J. Admin. Code § 13:69N-1.11
Adopted by 50 N.J.R. 1652(a), effective 7/16/2018Amended by 51 N.J.R. 1514(b), effective 10/7/2019Amended by 56 N.J.R. 1182(b), effective 7/1/2024