New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 69N - SPORTS POOL AND ONLINE SPORTS POOL WAGERING AT CASINOS AND RACETRACKS
Subchapter 1 - CASINO SPORTS WAGERING LICENSES; CASINO AND RACE TRACK SPORTS WAGERING OPERATIONS
Section 13:69N-1.12 - Wagers and payouts greater than $ 10,000; suspicious activity
Universal Citation: NJ Admin Code 13:69N-1.12
Current through Register Vol. 56, No. 18, September 16, 2024
(a) An operator shall adopt procedures to obtain personally identifiable information from any individual who places any single wager in an amount of $ 10,000 or greater on a sports event while physically present in a racetrack facility or a casino.
(b) In order to prevent structuring and to ensure compliance with (a) above, a sports pool operator shall, prior to accepting any sports pool wager in excess of $ 3,000 or making a payout in excess of $ 3,000 on a sports pool winning wager:
1. Create a patron identification file and
identify the patron in accordance with N.J.A.C. 13:69-1.5A;
2. Obtain and record the patron's Social
Security number in the patron identification file; and
3. Record, on a log, the following
information, at a minimum:
i. Date of the
wager or payout;
ii. Name of the
patron;
iii. Name and signature of
the sports pool operator employee authorizing the acceptance of the wager;
and
iv. Name and signature of the
ticket writer identifying the patron and generating the ticket or making the
payout.
(c) A sports pool operator shall monitor for and report all suspicious activity related to sports wagering transactions.
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