The bill amends New Jersey's existing sports wagering laws to include "electronic sports events" as a new category eligible for wagering. It defines these events as competitions involving video games, whether conducted in physical venues or online. The legislation allows licensed casinos and racetracks to conduct electronic sports wagering, while clarifying that these events will not be classified as authorized gambling games under current law. It also sets forth the requirements for operating sports pools, including the necessity of a sports wagering lounge and a licensing process for online sports pools.

Additionally, the bill outlines the regulatory framework for issuing sports wagering licenses through the Division of Gaming Enforcement and the Racing Commission. It includes provisions for promotional activities, the establishment of odds, and age restrictions for participants. The legislation emphasizes maintaining the integrity of sports wagering by prohibiting certain individuals, such as athletes and officials, from betting on events governed by their respective bodies. Operators are required to implement procedures for collecting personally identifiable information for large wagers and are prohibited from accepting bets from individuals on exclusion lists. The act is designed to expand sports wagering in New Jersey while ensuring compliance with regulatory standards and responsible gaming practices.

Statutes affected:
Introduced: 5:12A-10, 5:12A-11