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Can you summarize NJST Chapter 5:20?
AMUSEMENTS, PUBLIC EXHIBITIONS AND MEETINGS >
Short Summary
This legal document governs fantasy sports activities in the state of New Jersey. It defines key terms such as ’entry fee’, ‘fantasy sports activity’, ‘fantasy sports gross revenue’, ‘fantasy sports operator’, ’location percentage’, and ‘prohibited participant’. The Division of Consumer Affairs in the Department of Law and Public Safety is responsible for regulating fantasy sports activities in the state. Fantasy sports operators must apply for a permit and pay fees to conduct activities. The division has the authority to inspect operator facilities and ensure the integrity of fantasy sports activities. Operators must comply with various conditions, including determining outcomes based on actual performance, disclosing prizes in advance, and prohibiting certain individuals from participating. Operators must also adopt procedures to prevent sharing of confidential information, ensure participants are of legal age, and segregate participants’ funds. Operators are required to pay quarterly operations fees based on fantasy sports gross revenue. Violations of the regulations may result in fines, injunctive relief, and potential disqualification of operators. The document also specifies penalties for providing unauthorized fantasy sports activities or tampering with software or equipment used in conducting activities.
Whom does it apply to?
Fantasy sports operators
What does it govern?
Fantasy sports activities
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Fines, injunctive relief, and potential disqualification of operators
Jurisdiction
New Jersey