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NJ sets rules for online gambling promotions

Local News | Nov 14, 2013

NJ sets rules for online gambling promotions

ATLANTIC CITY, N.J. (AP) — When Internet gambling begins this month in New Jersey, players might not be able to cash out their winnings right away.

The state’s top casino regulator says casinos can require gamblers to reach a certain amount of play before cashing out.

For instance, a casino can make an offer in which it requires a customer to deposit $100 in an account, and matches that with $100 of its own. The casino could require the customer to make $1,000 worth of bets before cashing out any winnings.

But the player could walk away from a promotional offer partway through, and cash out any of his or her initial deposit that remains in the account.

Online betting begins a five-day trial period Nov. 21, with a statewide rollout on Nov. 26.