New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 47 - RULES OF LEGALIZED GAMES OF CHANCE
Subchapter 6 - GENERAL CONDUCT OF GAMES OF CHANCE
Section 13:47-6.16 - Value of merchandise prize

Universal Citation: NJ Admin Code 13:47-6.16
Current through Register Vol. 56, No. 18, September 16, 2024

When any merchandise prize is awarded in a game of chance, its value for the purpose of the Bingo Licensing Law, the Raffles Licensing Law, and the rules and regulations of this chapter shall be its current retail price. No merchandise prize shall be redeemable or convertible into cash directly or indirectly.

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