N.J. Admin. Code § 13:74-7.14

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

Section 13:74-7.14 - Proceeds from account wagering

(a) All proceeds from wagering through the account wagering system shall be disbursed by the account wagering licensee and Commission, as appropriate, in accordance with the Act and this chapter. A permit holder or successor in interest to a permit holder who is not eligible to enter into an account wagering participation agreement with the Authority may not directly share in any revenues as a result of the implementation of account wagering. Except as provided in (b) and (c) below, a permit holder or successor in interest to a permit holder who is not eligible to enter into a participation agreement with the Authority may not indirectly share in any revenues related to account wagering.

(b) All takeouts from wagering, resulting from account holders placing account wagers through pari-mutuel clerks, self-service machines or other Commission approved wagering devices situated at an off-track wagering facility, shall be distributed as if the wager were placed with cash at that off-track wagering facility.

(c) All takeouts from wagering, resulting from account holders placing account wagers through pari-mutuel clerks, self-service machines or other Commission approved wagering devices at a race track, shall be distributed as if the wager were placed with cash at that race track.

N.J. Admin. Code § 13:74-7.14