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Can you summarize 13 NJAC Chapter 74?
LAW AND PUBLIC SAFETY > OFF-TRACK WAGERING AND ACCOUNT WAGERING
Short Summary
These legal documents, part of the New Jersey Administrative Code, govern off-track wagering and account wagering in New Jersey. They define various terms related to off-track and account wagering and establish rules and regulations for horsemen’s organizations, permit holders, off-track wagering licensees, and account wagering licensees. The documents outline the application process for obtaining off-track wagering licenses and account wagering licenses, including eligibility criteria and financial requirements. They also address the transfer or assignment of these licenses to successors in interest, requiring approval from the New Jersey Racing Commission and the Attorney General. The documents further regulate the operation of off-track wagering facilities and account wagering systems, including the display of odds, cancellation of pari-mutuel tickets, handling of proceeds, and restrictions on access to off-track wagering facilities. Additionally, the documents establish requirements for establishing and maintaining wagering accounts, placing and accepting account wagers, and the treatment of dormant accounts. They also govern the conduct of off-track wagering and account wagering, ensuring equal treatment and access to wagering opportunities for patrons and account holders. The documents address the assessment formulas for racing costs and the allocation of funds for prevention, education, and treatment programs for compulsive gambling. They also outline the provision of parking and office space by off-track wagering licensees and account wagering licensees. Overall, these documents aim to regulate and ensure fair and transparent practices in off-track wagering and account wagering in New Jersey.
Whom does it apply to?
Residents of New Jersey, the New Jersey Sports and Exposition Authority, the New Jersey Racing Commission, horsemen's organizations, permit holders, off-track wagering licensees, account wagering licensees, and other eligible participants
What does it govern?
Off-track wagering and account wagering in New Jersey
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
Specific penalties for non-compliance or violations are not mentioned in these documents.
Jurisdiction
New Jersey