N.J. Admin. Code § 13:47-8.28

Current through Register Vol. 56, No. 24, December 18, 2024

Section 13:47-8.28 - Wheels offering and awarding cash or money as a prize: authorization; type of wheel; minimum and maximum wagers and payoff odds

(a) Cash prizes may be offered and awarded in a non-draw raffle where the winner is determined by the spin of a wheel only if the following conditions are met:

1. No wheel other than the big six and horse race as defined in N.J.A.C. 13:47-1.1 shall be used to determine the winner;

2. No less than $ 1.00 and no more than $ 2.00 shall be wagered by any one player or accepted by any licensed organization from any one player on any one number or figure in any single spin of a wheel; and

3. The payoff odds offered and awarded on any wheel authorized by this chapter shall not be less than 1 to 1 nor more than 7 to 1 for the horse race wheel and not less than 1 to 1 nor more than 3 to 1 for the big six wheel.

N.J. Admin. Code § 13:47-8.28

New Rule, R.1996 d.280, effective 6/17/1996.
See: 28 New Jersey Register 1939(a), 28 New Jersey Register 3180(a).