New Jersey A3258 prohibits sports wagering licensees from offering micro bets and establishes penalties.

New Jersey A3258 prohibits sports wagering licensees from offering micro bets, which are wagers on the outcome of the next play or action in a sporting event. The bill defines micro bets and establishes penalties for violations, including fines of $500 to $1,000 per offense. The prohibition aims to safeguard the integrity of sports and protect the health and well-being of citizens, particularly in light of rising problem gambling rates. The bill also outlines procedures for sports wagering operations, including requirements for sports wagering lounges and online sports pools.

New Jersey A3258 prohibits sports wagering licensees from offering micro bets and establishes penalties.

New Jersey A3258 prohibits sports wagering licensees from offering micro bets, which are wagers on the outcome of the next play or action in a sporting event. The bill defines micro bets and establishes penalties for violations, including fines of $500 to $1,000 per offense. The prohibition aims to safeguard the integrity of sports and protect the health and well-being of citizens, particularly in light of rising problem gambling rates. The bill also outlines procedures for sports wagering operations, including requirements for sports wagering lounges and online sports pools.