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The Garden State aims to ensure that gamblers are aware of their win-loss records. A new bill requires monthly statements detailing winning and losing wagers.
Senate Bill 4280, introduced by Sen. John McKeon (D-Essex/Passaic) last week, would add an additional layer to New Jersey’s responsible gaming efforts. Should it pass and be signed into law, sports betting operators would be required to provide monthly statements to customers that detail their gambling activity, including wins and losses.
Those statements would be sent via push notifications, along with any additional electronic communication chosen by the customer. Several sports gambling sites already offer this feature voluntarily, but the new law would make it mandatory in New Jersey.
Goal is more transparency
The proposed legislation would amend New Jersey’s Casino Control Act and the state’s sports betting law. It would be overseen and implemented by the Division of Gaming Enforcement.
Along with its neighbor, New York, New Jersey is pushing for greater transparency for bettors in the state. This includes requiring operators to develop and put into place tools that help gamblers understand their activity on sports betting platforms.
This initiative is inspired by responsible gambling advocates who have explored similar actions in other jurisdictions. Since it launched legal online sports betting in 2018, New Jersey has become one of the largest gambling markets in the country.
Bill remains in Senate committee
The legislation is currently being debated in the Senate State Government, Wagering, Tourism & Historic Preservation Committee, where it will need to garner a favorable report before being presented to the full body.
New Jersey’s legislative session does not conclude until Dec. 31, so there is plenty of time for consideration, passage, and signing. Should Gov. Mikie Sherrill sign the legislation into law, it would take effect immediately.
