N.J. Admin. Code § 13:69N-3.1

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

Section 13:69N-3.1 - Totalisator reports; wagering revenue; reconciliation

(a) The totalisator shall be required to generate the following reports as approved by the Division. Such reports shall distinguish by type and status where applicable:

1. A Sports Wagering Intake Detail Report used to detail and support the totals reported on the Sports Wagering Intake Summary Report;

2. A Sports Wagering Intake Summary Report used to report gross revenue in accordance with Division rules;

3. A Sports Wagering Ticket Redemption Detail Report used to detail and support the totals reported on the Sports Wagering Ticket Redemption Summary Report;

4. A Sports Wagering Ticket Redemption Summary Report used to reconcile cashier redemptions and to summarize the daily amounts paid out for winning wagers;

5. A Sports Wagering Ticket Expiration Detail Report used to detail and support the totals reported on the Sports Wagering Expiration Summary Report;

6. A Sports Wagering Ticket Expiration Summary Report used to report expired sports wagering tickets in accordance with Division rules;

7. A Sports Wagering Ticket Voided Detail Report used to provide a record for voided sports wagers;

8. A Sports Wagering Ticket Liability Detail Report used to detail and support the totals reported on the Sports Wagering Ticket Liability Summary Report; and

9. A Sports Wagering Ticket Liability Summary Report used to summarize the outstanding sports wagering liability.

(b) Wagering revenue generated pursuant to this chapter shall equal the total of all wagers received less voided wagers and less amounts paid out for winning wagers.

(c) For sports wagering operations, an accounting department member shall determine the daily win amount by comparing a win report from the totalisator to the reconciliation of the sports wagering drawers. The wagering operator shall be required to report sports wagering revenue as the higher amount unless otherwise authorized by the Division.

(d) The wagering operator shall permit duly authorized representatives of the Division to examine the operator's accounts and records for the purpose of certifying gross revenue.

N.J. Admin. Code § 13:69N-3.1