New Jersey bill calls for more transparency in sports betting
Bill A4002 is officially known as the New Jersey Sportsbook Transparency Bill. Its introduction took place in February. The sponsors are all Democratic Assemblymen - Dan Hutchison, Cody Miller, and Michael Venezia.
If it becomes law,
A4002
would compel sports betting sites operating in New Jersey to undertake rules that would place restrictions on many factors applying to a sports betting account. According to the text of the bill, “such limitations may include, but need not be limited to, limits on play times, maximum wager amounts, and deposit and withdrawal restrictions.”
The New Jersey Assembly Tourism, Gaming, and the Arts Committee voted 7-0 in favor of the bill. It now moves to the general assembly floor for further discussion.
Another element of the bill would be a crackdown prohibiting New Jersey sports betting sites from placing bet limits on players without first informing them of the change in their accounts.
"Whenever a sports wagering licensee or their contracted operator places any limitation...on a wagering account, the sports wagering licensee or their contracted operator shall provide the patron with written notice and an explanation for the imposition of such limitations," the bill reads.
"Any account that has been so limited shall be reviewed at periodic intervals, in accordance with standards to be established by the division, to determine whether the account should remain limited or whether the limitations should be removed."
Sister Bill is also advancing in the New Jersey State Assembly
A sister bill, A4003, which would strengthen responsible gambling initiatives, also moved ahead in the State Assembly.
The main gist of this bill is to prevent sports betting sites from sending promotional credits, bonus bets, deposit matches, complimentary gifts, or similar incentives to players who have initiated voluntary account restriction protective measures, such as self-exclusion, or time, deposit, or wagering limits on their gambling activity.
If this bill becomes a law, New Jersey would join Massachusetts. They'd be the only states offering legal and regulated sports betting in the U.S. market that are providing sports bettors with information about placing of limits on their accounts.
Sports betting sites could face $500 fines for any violation of these rules.
The Sports Betting Alliance is opposing the passage of these bills
The Sports Betting Alliance (SBA) is
steadfast in its opposition
to both of these bills. They're a a lobby group representing New Jersey sportsbooks Bet365, BetMGM, DraftKings, FanDuel, and Fanatics.
This group argues that such public rules would provide sharp bettors with a playbook for circumventing bet limits. The SBA also suggests that these disclosure requirements would expose proprietary risk-management models. They are also insisting that they would be passing on the compliance costs of these measures to recreational bettors
The betting sites in New Jersey argue that Bill A4003 would impose limits on their marketing opportunities. They also caution that players might forego the utilization of responsible gambling measures. They woudl do so out of fear they might lose out on bonus bets and other promotional offers.
4.8
/ 5
betting.net™ Rating
BetMGM Review
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
20+ sports available for wagering
Pre-match and in-play betting
Unique features like live streaming and boosted odds
Promo Code:
BETBONUSMGM
Bet Now
Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) 877-8-HOPENY or text HOPENY (467369) (NY) 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. Promotional offers not available in Mississippi, New York, Ontario, or Puerto Rico.
4.8
/ 5
betting.net™ Rating
Top Features
- 20+ sports available for wagering
- Pre-match and in-play betting
- Unique features like live streaming and boosted odds
Cashout
yes
Live Streams
yes
Mobile Statistics
yes
Bet Now
Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) 877-8-HOPENY or text HOPENY (467369) (NY) 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. Promotional offers not available in Mississippi, New York, Ontario, or Puerto Rico.
4.7
/ 5
betting.net™ Rating
Over 20 sports
Extensive betting markets
Live betting feature
Bet Now
Find out more on bet365's website
Whatever the moment. It's Never Ordinary at bet365. That's why if you sign up now you will receive $150 in Bonus Bets Win or Lose when you bet $5! Minimum $10 deposit required. Minimum odds -500 or greater. Bonus Bets wager excluded from returns. New customers only. T&CS, time limits and exclusions apply.GAMBLING PROBLEM? CALL 1-800-MY-RESET. 21+ (AZ/CO/IL/IN/KS/KY/LA/MD/NC/NJ/OH/PA/TN/VA) or 1-800-BETS OFF (IA). 21+ (18+ KY). Must be present in AZ/CO/IA/IL/IN/KS/KY/LA (select parishes)/MD/NC/NJ/OH/PA/TN/VA.
4.7
/ 5
betting.net™ Rating
Top Features
- Over 20 sports
- Extensive betting markets
- Live betting feature
Cashout
yes
Partial Cashout
yes
Live Streams
yes
Bet Now
Whatever the moment. It's Never Ordinary at bet365. That's why if you sign up now you will receive $150 in Bonus Bets Win or Lose when you bet $5! Minimum $10 deposit required. Minimum odds -500 or greater. Bonus Bets wager excluded from returns. New customers only. T&CS, time limits and exclusions apply.GAMBLING PROBLEM? CALL 1-800-MY-RESET. 21+ (AZ/CO/IL/IN/KS/KY/LA/MD/NC/NJ/OH/PA/TN/VA) or 1-800-BETS OFF (IA). 21+ (18+ KY). Must be present in AZ/CO/IA/IL/IN/KS/KY/LA (select parishes)/MD/NC/NJ/OH/PA/TN/VA.
4.7
/ 5
betting.net™ Rating
FanDuel Review
New Users – Bet $5 Get $200 in Bet Reset Tokens for 5 Days
Deep market coverage across major U.S. sports and leagues
Same Game Parlay builder is fast and easy to use
Live betting interface updates quickly with real-time odds
Bet Now
Gambling Problem? Call 1-800-GAMBLER or 1-800-MY-RESET. Call 1-888-789-7777 or visit ccpg.org/chat (CT). Hope is here. GamblingHelplineMA.org or call (800) 327-5050 for 24/7 support (MA). Visit www.mdgamblinghelp.org (MD). Call 1-877-HOPENY or text HOPENY (467369) (NY). 21+ (18+ DC, IA, KY, WV) only. New users only or text HOPENY (467369) (NY). Casino, First online real money wager only. $5 first deposit required. Min $5 wager required for 5 consecutive days. Bonus issued as non-withdrawable Bet Reset tokens. Refund from token issued as nonwithdrawable bonus bet that expire 7 days after receipt. Max refund $200 per day. Restrictions apply, including token expiration. See full terms at fanduel.com/sportsbook. Call 1-877-770-7867 (LA).
4.7
/ 5
betting.net™ Rating
Top Features
- Deep market coverage across major U.S. sports and leagues
- Same Game Parlay builder is fast and easy to use
- Live betting interface updates quickly with real-time odds
Cashout
yes
Live Streams
yes
Mobile Statistics
yes
Bet Now
Gambling Problem? Call 1-800-GAMBLER or 1-800-MY-RESET. Call 1-888-789-7777 or visit ccpg.org/chat (CT). Hope is here. GamblingHelplineMA.org or call (800) 327-5050 for 24/7 support (MA). Visit www.mdgamblinghelp.org (MD). Call 1-877-HOPENY or text HOPENY (467369) (NY). 21+ (18+ DC, IA, KY, WV) only. New users only or text HOPENY (467369) (NY). Casino, First online real money wager only. $5 first deposit required. Min $5 wager required for 5 consecutive days. Bonus issued as non-withdrawable Bet Reset tokens. Refund from token issued as nonwithdrawable bonus bet that expire 7 days after receipt. Max refund $200 per day. Restrictions apply, including token expiration. See full terms at fanduel.com/sportsbook. Call 1-877-770-7867 (LA).
Related Articles on betting.net™