New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 74C - EXCHANGE WAGERING
Subchapter 5 - CONDUCT OF EXCHANGE WAGERING
Section 13:74C-5.11 - Imposition of exchange wagering surcharges permitted
Universal Citation: NJ Admin Code 13:74C-5.11
Current through Register Vol. 56, No. 18, September 16, 2024
Subject to approval of the Commission, both as to type and amount, the exchange wagering licensee may impose and collect exchange revenues, in the form of a surcharge or surcharges associated with exchange wagering accounts and exchange wagers. Permissible surcharges shall include, but not be limited to, surcharges in connection with the submission of exchange wagers to the exchange wagering licensee for processing, and the assessment of a surcharge on any exchange wagering account holder's winnings. Any imposed surcharges shall constitute exchange revenues and be distributed in accordance with N.J.A.C. 13:74C-3.5.
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