N.J. Admin. Code § 13:74C-5.11

Current through Register Vol. 56, No. 24, December 18, 2024
Section 13:74C-5.11 - Imposition of exchange wagering surcharges permitted

Subject to approval of the Commission, both as to type and amount, the exchange wagering licensee may impose and collect exchange revenues, in the form of a surcharge or surcharges associated with exchange wagering accounts and exchange wagers. Permissible surcharges shall include, but not be limited to, surcharges in connection with the submission of exchange wagers to the exchange wagering licensee for processing, and the assessment of a surcharge on any exchange wagering account holder's winnings. Any imposed surcharges shall constitute exchange revenues and be distributed in accordance with N.J.A.C. 13:74C-3.5.

N.J. Admin. Code § 13:74C-5.11

Adopted by 47 N.J.R. 807(b), effective 4/20/2015.
Adopted by 56 N.J.R. 413(a), effective 3/18/2024