New Jersey Reveals Regulations for Online Gambling Promotions

Next week online gambling will go live in New Jersey. The state has been fine tuning their laws on internet gambling and has also added consumer protection provisions. As most online bingo and casino players know bonuses and promotions are extensively used by the industry to attract and retain players. Recently New Jersey released the rules regarding online gambling promotions. State regulators will allow online casinos to offer promotions where players must reach a level of play before any winnings may be withdrawn. These restrictions are commonly known as wagering requirements. Wagering requirements have been controversial for years and are the source of a large number of complaints and disputes.

The wagering requirements would only apply if a player accepts bonus or promotional offers. If a bonus or promotion is not involved players are free to cash out at any time they wish. Promotions with wagering requirements will not be available until 30 days after online gambling begins in New Jersey. In a bulletin issued last week David Rebuck, director of the New Jersey Division of Gaming Enforcement gave an example of one of the challenges internet gambling will bring to the state. The agency has had to issue guidelines that specifically to online gambling operators. The industry is bringing technologies and offers that did not exist when the state’s gambling laws were passed.

Rebuck said his office has been approached by gaming operators asking about the legality of promotions and the type of promotions they can offer players. The promotions include those that require players to reach a certain amount of play before and money can be cashed out.  Casinos may require players to use their own deposit money to make their first wagers before any matching funds may be used. This protects the operator from fraud. In the past unscrupulous players would open multiple accounts, play the bonus money and cash out.

Once the wagering requirements have been met players are free to access all the funds in their account. Casinos cannot put a cap on on any player winnings. Rebuck said the state will ban any promotion in which a casino attempted to cap a player’s winnings once the playthrough requirement has been met. At the present time New Jersey does not offer online bingo. Given the popularity of bingo it is only a matter of time before gaming sites in the state begin to offer the game.

Online Bingo Reviews

Subscribe for Newsletter

We respect your email privacy
Read our privacy policy
Protected by Copyscape Original Content Checker
Visit Us On Twitter