New Jersey senators advance bill to ban micro bets
New Jersey’s Senate State Government, Wagering, Tourism, and Historic Preservation Committee advanced SB2160, sponsored by Senators Paul Moriarty and Patrick Diegnan. The proposal would bar licensed sportsbooks from offering or accepting live bets on the next play or action, with fines of $500 to $1,000 per wager and requirements to report suspicious patterns and keep records.
Sportsbooks in New Jersey could face per-wager fines and new reporting and record-keeping duties if the bill becomes law.