New Jersey § 5:12a-18
Full text of New Jersey New Jersey Statutes § 5:12a-18, with citation guidance and answers to common questions.
§ 5:12a-18.
If a patron does not claim a winning sports pool wager within one year from the time
of the event, the obligation of the operator to pay the winnings shall expire and
the funds shall be distributed as follows: for wagers placed with a sports pool operated by or on behalf of a casino, the casino
shall retain 50 percent and remit the remaining 50 percent to the Casino Revenue Fund; for wagers placed with a sports pool operated by or on behalf of a racetrack, the
racetrack shall retain 50 percent and remit the remaining 50 percent to the State
General Fund; and for wagers placed with a sports pool jointly operated by a casino and a racetrack,
the casino and racetrack shall retain a total of 50 percent which shall be apportioned
among them pursuant to the terms of their operation agreement, and the remaining 50
percent shall be apportioned in the same manner, with the casino percentage being
deposited in the Casino Revenue Fund and the racetrack percentage being deposited
in the State General Fund.
Frequently Asked Questions About New Jersey § 5:12a-18
What does New Jersey Statutes § 5:12a-18 cover?
Section 5:12a-18 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-18?
A common citation format is "New Jersey Statutes § 5:12a-18" (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-18 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.