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Can you summarize NJST Chapter 5:12A?
AMUSEMENTS, PUBLIC EXHIBITIONS AND MEETINGS >
Short Summary
The provided legal document content covers various aspects of sports wagering in New Jersey. It includes provisions for the distribution of revenues from joint sports wagering operations, acceptance of wagers from individuals not physically present in the state, adoption of comprehensive house rules by operators, taxation of sums received from sports wagering and Internet wagering, disclosure of information by corporate applicants and holders of sports wagering licenses, licensing requirements for individuals involved in wagering-related activities, zoning permissions for sports wagering lounges, definitions of terms related to sports wagering, issuance and renewal of sports wagering licenses, use of mobile gaming devices within approved hotel facilities and racetracks, deduction from gross revenue for promotional gaming credits, and distribution of unclaimed funds from winning sports pool wagers. The documents apply to casino licensees, racetrack permit holders, corporate applicants and holders of sports wagering licenses, entities involved in sports wagering, individuals employed in wagering-related activities, and players placing wagers on sports or athletic events. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Casino licensees, racetrack permit holders, corporate applicants and holders of a sports wagering license, entities involved in sports wagering, individuals employed in wagering-related activities within a casino or racetrack, players placing wagers on sports or athletic events
What does it govern?
Taxation of sums received by casinos, racetracks, and horse racing permit holders in New Jersey; disclosure of information by corporate applicants for and holders of a sports wagering license; definitions for various terms related to sports wagering; issuance and renewal of sports wagering licenses in New Jersey; distribution of unclaimed funds from winning sports pool wagers; authorization of mobile gaming devices within approved hotel facilities and racetracks for placing wagers on sports or athletic events; deduction from gross revenue from non-Internet sports wagering
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
New Jersey