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Bill > A567
NJ A567
NJ A567Provides that amounts remaining in inactive Internet gaming accounts will be abandoned property after three years under unclaimed property law.
summary
Introduced
01/14/2020
01/14/2020
In Committee
01/14/2020
01/14/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill provides that amounts remaining in Internet gaming accounts that are inactive or dormant for three years will be unclaimed property under the "Uniform Unclaimed Property Act," N.J.S.A.46:30B-1 et seq. Under existing law, amounts in these inactive or dormant accounts for a period determined by the Division of Gaming Enforcement are paid 50% to the casino licensee and 50% to the casino control fund.
AI Summary
This bill provides that amounts remaining in inactive or dormant Internet gaming accounts for a period of three years will be considered unclaimed property under the "Uniform Unclaimed Property Act." Under the existing law, these amounts were previously paid 50% to the casino licensee and 50% to the casino control fund. The bill also requires the casino licensee to attempt to contact the account holder by mail, phone, and computer before closing the wagering account.
Committee Categories
Business and Industry
Sponsors (10)
Bob Auth (R)*,
Joe Danielsen (D)*,
John McKeon (D)*,
Ralph Caputo (D),
John DiMaio (R),
Jamel Holley (D),
Sean Kean (R),
Pedro Mejia (D),
Parker Space (R),
Edward Thomson (R),
Last Action
Introduced, Referred to Assembly Tourism, Gaming and the Arts Committee (on 01/14/2020)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2020/Bills/A1000/567_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A1000/567_I1.PDF |
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