This bill amends current law regarding sports wagering license fees in New Jersey. It establishes an additional annual fee of $250,000 for sports wagering licensees, which is to be paid to the Division of Gaming Enforcement. Of this fee, $140,000 will be allocated to the Council on Compulsive Gambling of New Jersey, while the remaining $110,000 will be directed towards compulsive gambling treatment programs within the state. This new fee is in addition to the existing license issuance and renewal fees, which are currently set at $100,000 annually.

The bill aims to enhance funding for gambling addiction treatment and prevention programs, reflecting a commitment to addressing compulsive gambling issues in New Jersey. The funds collected from this new fee will be deposited into the State General Fund and appropriated by the Legislature to the Department of Human Services for the specified purposes. The act is set to take effect on January 1 following its enactment.

Statutes affected:
Introduced: 5:12A-16