The bill amends existing laws on gambling and lotteries by introducing provisions that permit social gaming in private residences and certain public venues, such as private clubs and taverns. It defines "social gaming" as games where gambling is incidental to a bona fide social relationship among participants, and where no one other than the players receives anything of value. The bill specifies that hosts of social games cannot charge entry fees or profit from the event, although they may participate as players.

Additionally, it allows private businesses to host social gaming and "office pools" based on social or sporting events, provided they do not profit from these activities. The bill outlines that no money can be withheld from participants by the operator of the pool, and all entry fees must be paid out to the winners. It also requires holders of liquor licenses who wish to run office pools to apply for a permit and pay a fee.

Furthermore, the bill includes provisions for nonprofit organizations to petition the state police to conduct charitable gaming activities, allowing them to withhold up to 25% of the pool's proceeds for charitable purposes, as long as certain conditions are met, including that no outside agents or professional fundraisers profit from the activity.

The act is set to take effect upon passage, thereby enabling these new forms of social gaming while still regulating illegal gambling practices.