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NJ S152
Bill
Status
1/9/2024
Primary Sponsor
Vincent Polistina
Click for details
AI Summary
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Amounts remaining in inactive or dormant Internet gaming accounts for three years would be classified as unclaimed property under New Jersey's Uniform Unclaimed Property Act
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Changes current law where inactive account funds are split 50% to the casino licensee and 50% to the casino control fund
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Casino licensees must attempt to contact account holders by mail, phone, and computer before closing a wagering account
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The Division of Gaming Enforcement retains authority to establish conditions by regulation for determining account dormancy
Legislative Description
Provides amounts remaining in inactive Internet gaming accounts will be abandoned property after three years under unclaimed property law.
State Government, Wagering, Tourism & Historic Preservation
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
1/9/2024