A 397 New Jersey General Assembly · 2024-2025 Regular Session

Provides that amounts remaining in inactive Internet gaming accounts will be abandoned property after three years under unclaimed property law.

This bill changes how unused funds in inactive online gambling accounts are handled in New Jersey. After three years of inactivity, any remaining money in these accounts will be treated as unclaimed property under state law, rather than being split 50/50 between the casino and the casino control fund as current law requires. Casinos must attempt to contact account holders via mail, phone, or email before closing dormant accounts. This directly affects online gambling players with inactive accounts and casino licensees managing those accounts. The policy change aligns dormant gaming funds with standard unclaimed property procedures.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Tourism, Gaming and the Arts Committee
lower
2 primary · 2 co-sponsors

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