Application for Sports Wagering License by Permit Holder - New Jersey

Application for Sports Wagering License by Permit Holder is a legal document that was released by the New Jersey Department of Law and Public Safety - Office of The Attorney General - a government authority operating within New Jersey.

FAQ

Q: What is the application for?
A: The application is for a sports wagering license in New Jersey.

Q: Who can apply for the license?
A: Permit holders can apply for the license.

Q: What is a permit holder?
A: A permit holder is a business or organization that holds a permit to conduct certain activities, such as horse racing or casino gaming.

Q: What types of activities does the license cover?
A: The license covers sports wagering activities.

Q: Do I need a permit to apply for the license?
A: Yes, you must be a permit holder to apply for the license.

Q: What documents do I need to submit with the application?
A: You will need to submit various documents, such as financial statements, background checks, and a business plan.

Q: How much does the license cost?
A: The license fee varies depending on the type of permit held, ranging from $0 to $100,000.

Q: Is there a renewal fee for the license?
A: Yes, there is an annual renewal fee of $50,000 for the license.

Q: How long does it take to process the application?
A: The processing time can vary, but it generally takes several months.

Q: Can I start operating before the license is approved?
A: No, you must wait for the license to be approved before you can start operating.

Q: Are there any restrictions on sports wagering?
A: Yes, there are various restrictions in place, such as a ban on wagering on college sporting events that take place in New Jersey or involve New Jersey teams.

Q: Do I need to be a New Jersey resident to apply for the license?
A: No, you do not need to be a New Jersey resident to apply for the license.