New Jersey’s Division of Consumer Affairs is proposing increases in fees to daily fantasy sports operators based on the revenue the operator’s bring in.
The proposed fee would begin at $5,000 for operators with revenue up to $49,999 and increases to $50,000 for operators who have a gross revenue of $250,000. The state also wants to charge all operators a $500 permit fee, according to NorthJersey.com.
Further, the proposal would limit those betting on sports fantasy games would be limited to one user name and one account.
Any equipment used in fantasy sports must be located in Atlantic City. The rules would allow the Division of Consumer Affairs to inspect the fantasy sports betting facilities and their computer servers, the report said.
Operators would also be required to set up procedures to prevent underage bettors and to prevent people barred from gambling at casinos from betting on the fantasy sports games. A process to file complaints must be set up and the complaints must be responded to within 10 days. Complaints must be saved for seven years and be available for review by the Division of Consumer Affairs if requested.
The public is able to submit comments and thoughts about the proposed rules until Jan. 18, 2019. Written comments can be sent to Acting Director of the Division of Consumer Affairs Paul R. Rodriguez at PO Box 45027, Newark, New Jersey 07101. Comments can also be submitted electronically at the division’s website.
