New Jersey § 5:12a-12
Full text of New Jersey New Jersey Statutes § 5:12a-12, with citation guidance and answers to common questions.
§ 5:12a-12.
a. Corporate applicants for and holders of a sports wagering license shall be required
to disclose the identity of the following: each board appointed officer of the corporation;
each director of the corporation; each person who directly holds any voting or controlling
interest of 5 percent or more of the securities issued by such applicant or holder;
each person who directly holds any non-voting or passive ownership interest of 25
percent or more of the securities issued by such applicant or holder; and each holding
or intermediary company of an applicant for or holder of an operator. b. As to each holding, intermediary and subsidiary company of an applicant for or
holder of a sports wagering license, such applicants and holders shall be required
to establish and maintain the qualifications of the following: each board appointed
officer of the corporation; each director of the corporation; each person who directly
holds any voting or controlling interest of 5 percent or more of the securities issued
by such applicant or holder; and each person who directly holds any non-voting or
passive ownership interest of 25 percent or more in such holding or intermediary company. c. The racing commission or the division shall have the authority to waive any or
all of the qualification requirements for any person listed in subsection a. or b.
of this section. d. All persons employed directly in wagering-related activities conducted within a
casino or a racetrack in a sports wagering lounge and an online sports pool shall
be licensed as a casino key employee or registered as a casino employee, as determined
by the commission, pursuant to the provisions of P.L.1977, c. 110 ( C.5:12-1 et seq. ). All other employees who are working in the sports wagering lounge may be required
to be registered, if appropriate, in accordance with regulations of the division promulgated
in consultation with the commission. e. Each operator shall designate one or more casino key employees who shall be responsible
for the operation of the sports pool. At least one such casino key employee shall be on the premises whenever sports wagering
is conducted.
Frequently Asked Questions About New Jersey § 5:12a-12
What does New Jersey Statutes § 5:12a-12 cover?
Section 5:12a-12 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 § 5:12a-12?
A common citation format is "New Jersey Statutes § 5:12a-12" (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 § 5:12a-12 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.