This bill aims to modernize the payment methods allowed for participating in legalized games of chance, specifically bingo, raffles, and penny auctions, by permitting the use of credit cards, debit cards, and other electronic payment devices. The Legalized Games of Chance Control Commission is tasked with adopting regulations to facilitate these payment methods, which are not currently authorized under existing law.

The proposed legislation seeks to enhance accessibility and convenience for participants in these games by allowing electronic transactions, thereby aligning with contemporary payment practices. The bill will take effect immediately upon passage, reflecting a proactive approach to updating the regulatory framework governing legalized games of chance in New Jersey.