N.J. Admin. Code § 13:74-6.11

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

Section 13:74-6.11 - Proceeds from off-track wagering; money room requirements

(a) All proceeds from wagering at an off-track wagering facility shall be delivered to and deposited within a money room within the off-track wagering facility, which shall be a secure area with limited access. An off-track wagering facility shall develop and implement written procedures, designed to accurately account for and track proceeds from wagering from the time the related wager is placed through delivery to the money room and ultimate distribution therefrom, which are to be included in the internal control procedures filed with the Commission pursuant to N.J.A.C. 13:74-2.1(d), 2.2(d), and 2.3(f).

(b) All takeouts from wagering at an off-track wagering facility, resulting from patrons who are present at an off-track wagering facility and who use their account wagering account to wager at that facility, shall be distributed in accordance with N.J.A.C. 13:74-7.14(b).

(c) All proceeds from wagering at an off-track wagering facility shall be disbursed by the off-track wagering licensee and Commission, as appropriate, in accordance with the Act and this chapter.

(d) A money room at an off-track wagering facility shall include closed circuit television equipment consistent with N.J.A.C. 13:74-6.1(a)4.

N.J. Admin. Code § 13:74-6.11

Amended by 51 N.J.R. 1769(a), effective 12/2/2019