This bill amends R.S.33:1-12 to allow holders of plenary retail consumption licenses, typically issued to bars and restaurants, to operate sports betting pools specifically for championship sporting events. The bill defines "championship sporting events" to include major competitions such as the Super Bowl, World Series, NBA Finals, Stanley Cup Finals, NCAA basketball championships, and FIFA World Cup matches, among others. Notably, the bill stipulates that license holders will not need to obtain a separate sports wagering license from the Division of Gaming Enforcement to conduct these pools.

Under the new provisions, license holders can only accept wagers from individuals who are physically present on the premises and must be at least 21 years old. The bill explicitly prohibits the operation of online sports pools and states that the license holder cannot retain any proceeds from the sports pool; instead, all winnings must be paid directly to the winning customers. This legislation aims to regulate and expand the opportunities for licensed establishments to engage in sports betting while ensuring compliance with age restrictions and operational guidelines.