Ask Reggi Your Question Now
Can you summarize 13 NJAC Chapter 74D?
LAW AND PUBLIC SAFETY > ISSUANCE OF SPORTS WAGERING LICENSE TO RACETRACK PERMIT HOLDER
Short Summary
This document provides guidelines and requirements for the issuance and operation of sports wagering licenses in New Jersey. It allows racetrack permit holders or owners and/or lessees of former racetracks to jointly operate a sports pool at a racetrack, subject to approval by the Racing Commission and the Division of Gaming Enforcement. They are also allowed to conduct online sports pools or authorize licensed Internet sports pool operators to operate online sports pools on their behalf, subject to approval. The document outlines the process for obtaining a sports wagering license, including the option to apply for a transactional waiver to immediately commence sports wagering. Compliance with the Act, this chapter, and the rules of the Division is required within a specified deadline. Failure to comply within this time period will result in the permit holder being ineligible to conduct sports wagering until compliance is achieved. The document also mentions the authority of the Executive Director and the Division to determine compliance and the validity period of the sports wagering license.
Whom does it apply to?
Racetrack permit holders, owners and/or lessees of former racetracks, and casinos in New Jersey
What does it govern?
Issuance of sports wagering licenses to racetrack permit holders, owners and/or lessees of former racetracks, and casinos in New Jersey
What are exemptions?
No specific exemptions are mentioned
What are the Penalties?
No specific penalties are mentioned
Jurisdiction
New Jersey