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 aims to address the risks associated with micro betting, including the potential for increased problem gambling and threats to the integrity of sports. By banning this type of wagering, the bill emphasizes the importance of safeguarding the health and well-being of citizens while maintaining the integrity of sports.

To enforce this prohibition, the bill establishes penalties for violations, classifying them as 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 regulatory bodies such as the Division of Gaming Enforcement and the Casino Control Commission. Overall, the legislation seeks to mitigate the risks of impulsive betting behaviors associated with micro betting and protect consumers in the sports wagering landscape.

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