New Jersey § 5:5-197
Full text of New Jersey New Jersey Statutes § 5:5-197, with citation guidance and answers to common questions.
§ 5:5-197.
a. A person within this State shall not be permitted to open a fixed odds wagering
account, or place a fixed odds wager through the fixed odds wagering system, except
in accordance with federal law and this act, and through the fixed odds wagering licensee,
and no entity, other than the fixed odds wagering licensee, shall accept a fixed odds
wager from a person within this State. A person may not place a fixed odds wager unless the person has established a fixed
odds wagering account with the fixed odds wagering licensee and is physically present
in New Jersey at the time of placing the account wager, except that persons physically
present at a racetrack or off-track wagering facility may place a wager through a
teller at a window without opening a fixed odds wagering account. To establish a fixed odds wagering account, a person shall be physically present
in New Jersey at the time of establishing the wagering account, at least 18 years
of age, except that any person on the self-exclusion list established pursuant to
section 1 of P.L.2002, c. 89 ( C.5:5-65.1 ) shall be prohibited from establishing a fixed odds wagering account. A resident of this State who has established an account with a fixed odds wagering
licensee may place a fixed odds wager through the licensee while physically present
in New Jersey, or while physically present in another jurisdiction if placing such
a wager is not inconsistent with the law of that jurisdiction or with federal law. The division shall develop protocols to accurately determine a person's location
within the State to effectuate the provisions of this subsection. b. The fixed odds wagering account shall be in the name of a natural person and may
not be in the name of any beneficiary, custodian, joint trust, corporation, partnership,
or other organization or entity. c. A fixed odds wagering account may be established in person, by mail, telephone,
or other electronic media, by a person completing an application form approved by
the division. The form shall include the address of the principal residence of the prospective
fixed odds wagering account holder and a statement that a false statement made in
regard to an application may subject the applicant to prosecution. The fixed odds wagering licensee shall verify the identification, residence, and
age of the fixed odds wagering account holder using methods and technologies approved
by the division. d. The prospective fixed odds wagering account holder shall submit the completed application
in person, by mail, telephone, or other electronic media, including the Internet and
wireless devices, to the fixed odds wagering licensee or such other person or entity
as may be approved by the division. The fixed odds wagering licensee may accept or reject an application after receipt
and review of the application and certification, or other proof, of age and residency
for compliance with this act. e. Any prospective fixed odds wagering account holder who provides false or misleading
information on the application is subject to rejection of the application or cancellation
of the fixed odds wagering account by the fixed odds wagering licensee without notice. f. The fixed odds wagering licensee shall have the right to suspend or close any fixed
odds wagering account at its discretion. g. Any person not in good standing with the division shall not be entitled to maintain
a fixed odds wagering account. h. The address provided by the applicant in the application shall be deemed the proper
address for the purposes of mailing checks, fixed odds wagering account withdrawals,
notices, and other materials. i. A fixed odds wagering account shall not be assignable or otherwise transferable. j. The fixed odds wagering licensee may at any time declare the fixed odds wagering
system closed for receiving any wagers on any race or closed for all fixed odds wagering.
Frequently Asked Questions About New Jersey § 5:5-197
What does New Jersey Statutes § 5:5-197 cover?
Section 5:5-197 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 § 5:5-197?
A common citation format is "New Jersey Statutes § 5:5-197" (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 § 5:5-197 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.