New Jersey § 5:5-176
Full text of New Jersey New Jersey Statutes § 5:5-176, with citation guidance and answers to common questions.
§ 5:5-176.
The exchange wagering licensee may accept exchange wagers from residents of this State
only in accordance with this act, federal law, and as follows: a. A wager to back or lay a particular outcome in a given market, specifying the price
of the wager, shall be placed directly with the exchange wagering licensee by the
holder of the exchange wagering account. b. The exchange wagering account holder placing the wager shall provide the exchange
wagering licensee with the correct personal identification number of the holder of
the exchange wagering account. c. An exchange wagering licensee may not accept an exchange wager, or series of exchange
wagers, where the results of which would create a liability for the exchange wagering
account holder in excess of funds on deposit in the exchange wagering account of that
holder. d. Only the holder of an exchange wagering account shall place a wager. Unless otherwise approved by the commission, no person, corporation or other entity
shall directly or indirectly act as an intermediary, transmitter or agent in the placing
of wagers for a holder of an exchange wagering account; provided, however, that the
use of credit or debit cards specifically approved by the exchange wagering licensee
or the use of checks, money orders or negotiable orders of withdrawal or the use of
telephonic, computer or electronic means by the exchange wagering account holder to
place such wagers shall not be prohibited. e. The exchange wagering account holder may place a wager in person, by direct telephone
call or by communication through other electronic media.
Frequently Asked Questions About New Jersey § 5:5-176
What does New Jersey Statutes § 5:5-176 cover?
Section 5:5-176 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 5:5-176?
A common citation format is "New Jersey Statutes § 5:5-176" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 5:5-176 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.