Bill Text: NJ S2817 | 2024-2025 | Regular Session | Introduced
Bill Title: Authorizes licensing of certain sporting event brackets and boxes under raffle law.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced) 2024-02-27 - Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee [S2817 Detail]
Download: New_Jersey-2024-S2817-Introduced.html
Sponsored by:
Senator HOLLY T. SCHEPISI
District 39 (Bergen)
Co-Sponsored by:
Senator Corrado
SYNOPSIS
Authorizes licensing of certain sporting event brackets and boxes under raffle law.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning the games permitted by the Raffles Licensing Law and supplementing P.L.1954, c.5 (C.5:8-50 et seq.).
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. The Legalized Games of Chance Control Commission shall promulgate regulations, pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), allowing qualified organizations to conduct games known as:
"boxes" in which the participants select a box within a grid of all possible outcomes of a selected event, the winner is based on the selection of the box reflecting the actual outcome of the selected event, when the values of such boxes are assigned at random and without prior knowledge by the participants, and in which the winner or winners receive no more than 50 percent of the prize, with the remainder of the prize retained by the licensee as proceeds; and
"brackets" in which participants select a series of outcomes for a selected series of events, the winner of which is the participant who selects the most outcomes correctly, and in which the winner or winners receive no more than 50 percent of the prize, with the remainder of the prize retained by the licensee as proceeds.
The regulations shall establish the frequency with which these events may be held, the rules of the games, the specific type and value of prizes which may be offered, the qualifications of the individuals conducting the games and other requirements which the commission may deem pertinent.
2. This act shall take effect immediately.
STATEMENT
This bill permits raffle licensees to conduct games similar to, and including, those known as Super Bowl "boxes" and March Madness "brackets".
As defined by the bill, boxes are games in which the participants select a box within a grid of all possible outcomes of a selected event, and the winner is based on the selection of the box reflecting the actual outcome of the selected event, when the values of such boxes are assigned at random and without prior knowledge by the participants.
Brackets are defined as games in which participants select a series of outcomes for a selected series of events, and the winner of which is the participant who selects the most outcomes correctly.
In both games, the winner or winners may receive no more than 50 percent of the prize, with the remainder being retained by the licensee as proceeds.
The Legalized Games of Chance Control Commission will establish rules and regulations governing the conduct of these games.
