N.J. Admin. Code § 13:69D-3.1

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:69D-3.1 - Expiration of gaming-related obligations owed to patrons; expiration of sports pool tickets and vouchers; payment to casino revenue fund

(a) A representation of gaming debt shall expire if not claimed within one year of the date of the gaming transaction. Twenty-five percent of the total value of such gaming debts that expire shall be paid to the Casino Revenue Fund, and 75 percent shall be retained by the casino licensee to be used exclusively for marketing purposes.

(b) A casino licensee shall maintain a record of all gaming-related obligations that have expired.

(c) Each casino licensee shall, on or before the 20th day of each calendar month:

1. Report in a format prescribed by the Division, the total value of gaming debts owed to its patrons that expired during the preceding calendar month; and

2. Submit a check to the Division payable to the Casino Revenue Fund equal to 25 percent of the total value of the gaming debts owed to its patrons that expired during the preceding month, as stated on the report.

(d) Failure to make the payment to the Casino Revenue Fund by the due date shall result in the imposition of penalties and interest as prescribed in the State Uniform Tax Procedure Law, N.J.S.A. 54:48-1 et seq.

(e) Nothing shall preclude a casino licensee from, in its discretion, issuing a cash complimentary to a patron to compensate the patron for a gaming debt that has expired.

(f) Unclaimed winning sports pool tickets expire one year after the date of the event, at which time the obligation of the sports pool operator to pay the winnings shall expire and the funds shall be distributed as follows:

1. For wagers placed with a sports pool operated by or on behalf of a casino, the casino licensee shall retain 50 percent and remit the remaining 50 percent to the Casino Revenue Fund;

2. For wagers placed with a sports pool operated by or on behalf of a racetrack, the racetrack licensee shall retain 50 percent and remit the remaining 50 percent to the State General Fund; and

3. For wagers placed with a sports pool jointly operated by a casino and a racetrack, the casino and racetrack licensees shall retain a total of 50 percent, which shall be apportioned among them pursuant to the terms of their operation agreement, and the remaining 50 percent shall be apportioned in the same manner, with the casino percentage being deposited in the Casino Revenue Fund and the racetrack percentage being deposited in the State General Fund.

(g) Each casino and racetrack licensee shall, on or before the 20th day of each calendar month, report, in a format prescribed by the Division, the total value of sports pool winning tickets owed to its patrons that expired during the preceding calendar month and either:

1. Submit a check to the Division payable to either the Casino Revenue Fund or the State General Fund, as applicable, equal to 50 percent of the total value of the gaming debts owed to its patrons that expired during the preceding month, as stated on the report; or

2. Submit a check to the Division payable to either the Casino Revenue Fund or the State General Fund, as applicable, equal to 50 percent of the total value of the gaming debts owed to its patrons that expired during the preceding month, as apportioned in (f)3 above.

(h) Failure to make the payment to the Casino Revenue Fund or State General Fund, as applicable, by the due date, shall result in the imposition of penalties and interest as prescribed in the State Uniform Tax Procedure Law, N.J.S.A. 54:48-1 et seq.

(i) Nothing shall preclude a casino or racetrack licensee from, in its discretion, issuing a cash complimentary to a patron to compensate a patron for a sports pool ticket that has expired.

(j) Unclaimed sports pool vouchers purchased at a racetrack shall be governed by the provisions of N.J.S.A. 5:5-22.2.

N.J. Admin. Code § 13:69D-3.1

Amended by R.2015 d.125, effective 8/3/2015.
See: 46 N.J.R. 1552(a), 47 N.J.R. 1954(a).
Rewrote (a).
Special amendment, R.2018 d.137, effective 6/13/2018 (to expire March 10, 2019).
See: 50 N.J.R. 1652(a).
Section was "Expiration of gaming-related obligations owed to patrons; payment to casino revenue fund". Added (f) through (j).
In accordance with N.J.S.A. 52:14B-5.1.c(2), special amendment R.2018 d.137 expired on 9/6/2019.
See: 51 N.J.R. 47(a).
Readoption of special amendment, R.2019 d.105, effective 9/5/2019.
See: 51 N.J.R. 47(a), 51 N.J.R. 1514(b).
Provisions of R.2018 d.137 readopted without change.