• About Us / Contact
  • Responsible Gambling
This site contains commercial content
SportsHandle
  • US Sports Betting
    • Arizona
    • Arkansas
    • Colorado
    • Connecticut
    • Delaware
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Mississippi
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Tennessee
    • Virginia
    • West Virginia
    • Wyoming
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
    • North Carolina
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel
    • BetMGM
    • Caesars
    • PointsBet
    • BetRivers
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News
No Result
View All Result
SportsHandle
  • US Sports Betting
    • Arizona
    • Arkansas
    • Colorado
    • Connecticut
    • Delaware
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Mississippi
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Tennessee
    • Virginia
    • West Virginia
    • Wyoming
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
    • North Carolina
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel
    • BetMGM
    • Caesars
    • PointsBet
    • BetRivers
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News
No Result
View All Result
SportsHandle
No Result
View All Result

New Jersey Issues Sports Regulations, Will Not Require In-Person Deposits

Brett Smiley by Brett Smiley
June 13, 2018
in Industry, Regulation
nj sports betting legal regulations

The MGM-owned Borgata in Atlantic City.

Share on FacebookShare on Twitter

The New Jersey Department of Gaming Enforcement (DGE) on Wednesday issued its β€œemergency regulations,” which will govern NJ sports betting for up to 270 days.

That nine-month span is in compliance withΒ Assembly Bill 4111, which cleared both legislative chambers on June 7 and was signed into law on Monday by Governor Phil Murphy.

On Thursday both Monmouth Park in Oceanport, and the Borgata Hotel Casino & Spa in Atlantic City will take their first legal wagers — at 10:30 a.m. ET and 11:00 a.m. respectively, with the first ticket expected to be punched by Murphy.

NJ Sports Betting Operators, Partners and Licensees Now Have Regulations as New Jersey Sports Wagering Set to Begin on Premises and Later Online.

legal nj sports betting phil murphy
Gov. Murphy signing the sports betting bill on Monday.

According to the documents, the DGE will be responsible for approving sportsbook technology and for regulating the operation of sportsbooks in the casinos and at racetracks.

The main document is a to-be-expected dense 51-pager that will require further combing, but below are some highlights.

(1) Permission to go:

13:69N-1.17 Transactional waiver to immediately commence sports pool or online sports pool operations (a) a casino may submit a request to the Division for the immediate commencement of sports pool or online sports pool operations. Such request shall include the initial license fee of $100,000, payable to the Casino Control Fund.

EXCLUSIVE: Here's a first look at the betting sheets for Monmouth Park sports book, which opens Thursday at 10:30 am. World Cup soccer, U.S. Open golf, NASCAR, UFC. Dizzying array of options. And we're adding more so keep checking back https://t.co/SWWUnIcN4L pic.twitter.com/LiLxcII6dO

— Steve Edelson (@steveedelsonapp) June 13, 2018

(2) The tax rates:

legal nj sports betting

[Also See:Β β€˜Roxy’ Roxborough’s Keys to Successful Nationwide Sports Betting]


(3) And from the headline, depositing customers will not have to register in person:

That’s how Nevada currently operates. New York, if the sister bill passes before June 20 (another story), will not require in-person deposits either, a customer convenience that will allow licensed casinos to better compete with offshore sportsbooks and encourage migration from those markets.

Why is this flagged? As far statutory as construction, the bill is a bit vague on this point.Β It says β€œAn operator shall accept wagers on sports events only from persons physically present in the sports wagering lounge; through self-service wagering machines located in its facility as authorized by the agency issuing the sports wagering license; or through an online sports pool. A person placing a wager on a sports event shall be at least 21 years of age.”

Grand Opening! Legal sports wagering begins 10:30am tomorrow in the Monmouth Park Sports Book by William Hill. Vegas-Style Betting Menu: bet your favorite teams, prop bets, parlays, future wagers and more! pic.twitter.com/khvXFEdJJW

— Monmouth Park (@MonmouthPark) June 13, 2018

Keep in mind that the operative law prohibits online wagering for 30 days.

(4) This is important for DraftKings and FanDuel (acquired by Paddy Power Betfair), both of which have partnered with to-be brick-and-mortar licensees (from the DGE’s FAQ handout):

legal nj sports betting

(5) Finally, some restrictions:

legal nj sports betting

It’s hard to predict at this time how the permanent regulations will differ from these, but certainly the ensuing nine months will be instructive and allow for some adjustment.

Share8TweetShare
Brett Smiley

Brett Smiley

Brett Smiley is editor-in-chief and co-founder of Sports Handle, which joined forces with the US Bets team in November 2018. He focuses on the sports betting industry and legislation. He's a recreational sports bettor and DFS player himself, focusing on the NFL. In a past life, Smiley practiced commercial litigation in New York City and previously wrote for FOX Sports and SI.com. He lives in New Jersey with his family.

Related Posts

atlantic-city-boardwalk
Legislation

New Jersey Lawmakers Latest To Condemn Amount Of Wagering Advertising

March 20, 2023
david rebuck, dan hartman, kevin O'Toole, Robert Williams
Industry

Four States, Four Ways To Look At Changing Sports Betting Advertising

March 7, 2023
Load More

Top Stories

taylor mathis

Taylor Mathis Got Sacrificed At The Altar Of Responsible Gambling

March 20, 2023
fanduel baseball wall

Premade Same Game Parlays Are Sucker Bets

March 13, 2023
maginfier-over-small-print

Read The Fine Print: A Proposed Federal Rule Could Change Everything For Indian Gaming

March 6, 2023
roman reigns wwe

Colorado Denies Report Stating That It’s Considering WWE Wagering

March 8, 2023

State Sports Betting Guides

Ohio (U.S. state) flag waving against clear blue sky, close up, isolated with clipping path mask alpha channel transparency, perfect for film, news, composition

Ohio Sports Betting – Where To Play, Bonus Offers And Promo Codes

by Brian Pempus
March 27, 2023

Downtown Detroit at twilight (Shutterstock)

Michigan Sports Betting – Where To Play, Online Sportsbooks, And FAQ

by Brett Smiley
March 27, 2023

VA captial

Virginia Sports Betting – Where To Play, Online Sportsbooks And Bonus Offers

by Brett Smiley
January 17, 2023

nj flag

New Jersey Sports Betting — Where To Play, Online Sportsbooks, And FAQ

by Brett Smiley
March 22, 2023

pa online sportsbooks

Pennsylvania Sports Betting – Where To Play, Online Sportsbooks And Bonuses

by Brett Smiley
October 6, 2022

Canada Sports Betting Guides

Canada Sports Betting – Best Sportsbook Apps & Bonus Offers

British Columbia Sports Betting – Legal Update, Available Sportsbooks, and FAQ

Ontario Sports Betting – Legal Status And Where To Play

SportsHandle

  • Analysis
  • Casino
  • Features
  • Horse Racing
  • Industry
  • Legal
  • Legislation
  • Opinion
  • Podcasts
  • Poker
  • Politics
  • Promotions
  • Regulation
  • Sports
  • Uncategorized

Better Collective

This website is owned and operated by Better Collective USA. Trademarks and copyrights referenced on this website are and shall remain the exclusive property of their respective owners and/or licensors. Please be sure to visit the operator’s website(s) to review their terms & conditions. We advise you to read these carefully as they contain important information. Copyright Β© 2023 USBets.com | Better Collective USA
21 Play Responsibly
Gamble Aware West Virginia
Gambling Problem? Call 1-800-Gambler.
GameSense

Search Sports Handle

No Result
View All Result
  • About Us / Contact
  • Responsible Gambling

No Result
View All Result
  • US Sports Betting
    • Arizona
    • Arkansas
    • Colorado
    • Connecticut
    • Delaware
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Mississippi
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Tennessee
    • Virginia
    • West Virginia
    • Wyoming
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
    • North Carolina
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel
    • BetMGM
    • Caesars
    • PointsBet
    • BetRivers
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News

loading

Please wait while you are redirected to the right page...