Bill
Bill > S1707
NJ S1707
NJ S1707Provides amounts remaining in inactive Internet gaming accounts will be abandoned property after three years under unclaimed property law.
summary
Introduced
02/28/2022
02/28/2022
In Committee
02/28/2022
02/28/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 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 dormant account funds were previously split 50% to the casino licensee and 50% to the casino control fund.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 02/28/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S1707 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S2000/1707_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S2000/1707_I1.PDF |
Loading...