This bill seeks to prohibit sports wagering licensees in New Jersey from offering or accepting micro bets, which are defined as live proposition bets concerning the outcome of the next play or action in a sporting event. The legislation addresses concerns about the rapid pace of micro betting, which can lead to increased risks of problem gambling and negatively affect the health and well-being of bettors, particularly professional athletes. By implementing this prohibition, the bill aims to promote responsible gambling practices and safeguard the integrity of sports.

To enforce this prohibition, the bill establishes penalties for violations, categorizing any licensee or individual who breaches this rule as guilty of a disorderly persons offense, with fines ranging from $500 to $1,000 for each offense. Additionally, the bill introduces new definitions related to sports wagering and outlines the responsibilities of the Casino Control Commission and the Division of Gaming Enforcement in regulating these activities. Overall, the legislation seeks to mitigate the potential harms associated with micro betting and reinforce compliance with new regulations in New Jersey's sports wagering landscape.

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