Moriarty Bill Would Require Sportsbooks To Be Transparent When Limiting Players

TRENTON – The Senate State Government, Wagering, Tourism, and Historic Preservation Committee on Thursday advanced legislation sponsored by Senator Paul Moriarty that would require sports wagering licensees to adopt rules on the limitations that can be placed on wagering accounts.

Under the bill, S-3419, these limitations could include limits on play times, maximum wager amounts, and deposit and withdrawal restrictions. Any wagering account that is restricted in some way must receive written notice with a clear explanation as to why the account is being limited.

“While restrictions on players can be helpful to prevent gambling harms or reduce risks, limits are currently placed with zero notice or reason given,” said Senator Moriarty (D-Atlantic/Camden/Gloucester). “This lack of regulation allows sportsbooks to set limits on players who frequently win to avoid losing money, a clear abuse of power. Requiring sportsbooks to outline explicit rules and regulations on limitations will boost accountability and ensure that only players who are truly at risk are being restricted.”

The bill additionally requires licensees to submit these rules to the Division of Gaming Enforcement and ensure they are publicly available once approved.

Licensees must also report annually to the division on the frequency and kind of limitations that have been imposed on wagering accounts, ensuring transparency and compliance with the bill’s provisions.