S 152 New Jersey Senate · 2024-2025 Regular Session

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

This bill (S 152) changes how unclaimed funds in inactive New Jersey Internet gaming accounts are handled. It requires that amounts left in accounts inactive for three years become "unclaimed property" under New Jersey's existing unclaimed property law (N.J.S.A. 46:30B-1 et seq.), instead of the current practice of splitting them 50/50 between the casino and the casino control fund. Before closing such accounts, casinos must attempt to contact account holders via mail, phone, or computer. The bill directly affects online gamblers with dormant accounts, casinos, and the state’s unclaimed property system, which will now manage these funds. It takes effect immediately upon enactment.
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 Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
upper
1 primary · 0 co-sponsors

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Role
Legislator
Party
State
District
P
Photo of Vince Polistina
Vince Polistina
RRepublican
NJ
2