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Can you summarize 13 NJAC Chapter 69P?
LAW AND PUBLIC SAFETY > RESERVED
Short Summary
This legal document governs the offering of fantasy sports tournaments by casino licensees. It allows casino licensees to offer fantasy sports tournaments to their patrons, as long as they comply with the requirements outlined in this chapter and 31 U.S.C. 5361 et seq. A fantasy sports tournament is defined as a fantasy or simulated game or contest involving athletic events, where a patron owns or manages an imaginary sports team and competes against other patrons or a target score for a predetermined prize. The document clarifies that the conduct of a fantasy sports tournament is not considered ‘gaming’ or ‘gambling’ as defined in 5:12-22, and the revenue generated from these tournaments is not considered ‘gross revenue’ as defined in 5:12-24. Prizes and awards offered to winning participants must be established and made known to all participants before the tournament starts. The outcome of a fantasy sports tournament must reflect the relative skill of the participating patrons and be determined by statistics generated by actual individuals participating in real-world athletic events. It must not be based solely on the performance of an individual athlete or on the score, point spread, or performances of any single real-world team or combination of teams. The document also allows casino licensees to permit patrons to use a mobile wagering account or a patron deposit account to enter fantasy sports tournaments. Casino licensees may accept entry fees and pay out winnings resulting from fantasy sports tournaments through the casino cage. They may also partner or contract with third-party entities to offer fantasy sports tournaments, with such entities being registered as vendors. The minimum age for participating in fantasy sports tournaments conducted pursuant to this chapter is 21 years old. Casino licensees and their partners are prohibited from marketing fantasy sports tournaments to individuals on the Division’s self-exclusion list or Internet self-exclusion list, and from allowing such individuals to enter fantasy sports tournaments or be paid winnings from fantasy sports tournaments at Atlantic City casinos. This document was adopted on July 7, 2014.
Whom does it apply to?
Casino licensees
What does it govern?
The offering of fantasy sports tournaments by casino licensees
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
New Jersey