New Jersey Clarifies Casino Bonus Rules
- Operators can offer bonuses with a cash-out restriction, commonly in the form of a wagerthrough requirement. However, players must always be allowed to withdraw an amount equal to their original deposit where their accounts have a credit balance.
- Once a player’s account balance reaches zero, any bonus promo ends; in other words, operators may not carry forward the wager requirements to the next deposit by the player.
- The operator may require that a customer’s first bets come from his or her deposit before the casino’s matching funds are wagered.
- Players can abandon a promotional offer partway through, and cash out any initial deposit that remains in the player account.
- Full operator disclosure on the terms and conditions of any promo or bonus must be made, including details of wagering and cash-out restrictions.
- Operators may not impose a cap on winnings resulting from a bonus.
- In the case of the New Jersey market opening, there will initially be a 30-day moratorium on wager based promotions, counted from the first day on which online gambling is available generally to punters within New Jersey’s borders.
- Operators who intend to offer such promotions must be able to demonstrate to the regulator that it has the administrative capability to generate accurate revenue reports.
- None of these online gambling restrictions will apply where the operator has associated the promo with its land gambling promotional offerings.