New Jersey § 5:5-192

§ 5:5-192.

As used in this act: “ Advance deposit wagering ” means a form of horse racing wagering in which account holders must fund their account

before being permitted to place bets and refers to a fixed odds wagering licensee. “ Authority ” means the New Jersey Sports and Exposition Authority created by section 4 of P.L.1971,

c. 137 ( C.5:10-4 ). “ Division ” means the New Jersey Division of Gaming Enforcement in the New Jersey Department

of Law and Public Safety created by section 55 of P.L.1977, c. 110 ( C.5:12-55 ). “ Fixed odds wagering ” means a form of horse racing wagering against odds offered by a bookmaker in which

account holders may lock in their odds when the bet is first placed and no fluctuation

in potential payout may occur. “ Fixed odds wagering account ” means the account established with the fixed odds wagering licensee by a person

participating in fixed odds wagering. “ Fixed odds wagering licensee ” means the authority, provided that the division has granted its approval for the

authority or a racetrack permit holder to establish fixed odds wagering as provided

for in this act, P.L.2021, c. 193 . “ Fixed odds wagering system ” means a system through which fixed odds wagers are processed. “ Internet sports pool operator ” means an entity that is licensed as a casino service industry enterprise pursuant

to section 92 of P.L.1977, c. 110 ( C.5:12-92 ) and that holds a permit issued by the division to operate an online sports pool. “ Operating board ” means the board established to negotiate, manage, and oversee any agreements made

for the purposes of operating an account wagering system, off-track wagering facility,

exchange wagering system, or fixed odds wagering system. “ Participation agreement ” means the written contract entered into pursuant to this act, P.L.2021, c. 193, that shall set forth the manner in which the fixed odds wagering system shall be

managed, operated, and capitalized, as well as how expenses and revenues shall be

allocated and distributed by and among the authority and the other eligible participants

subject to the agreement, including standardbred and thoroughbred permit holders in

this State. “ Permit holder ” means the holder of an annual permit to conduct a horse race meeting issued by the

commission.