A 3622
Establishes penalties for accepting wagers on prohibited sports events.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill establishes penalties for individuals or companies holding sports wagering licenses or operating sports pools that accept wagers on prohibited sports events. These events are defined as collegiate sports or athletic events occurring in New Jersey or involving New Jersey college teams, excluding certain other events. Penalties include paying back all improperly accepted wagers, a fine ranging from $20,000 to $100,000, and a suspension of up to 10 days from conducting sports wagering. Funds collected from fines will be deposited into the appropriate state fund for the respective agencies.
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