New Jersey Administrative Code › Title 13 - LAW AND PUBLIC SAFETY › Chapter 69F - RULES OF THE GAMES › Subchapter 7 - MINI-BACCARAT › Section 13:69F-7.3 - Payout odds; vigorish

Current through Register Vol. 56, No. 14, July 15, 2024
(a) A winning wager
				made on the "Player's Hand" shall be paid off by a casino licensee at odds of 1
				to 1.
(b) A winning tie bet shall
				be paid off by a casino licensee at odds of at least 8 to 1.
(c) Except as otherwise provided in (d), (f),
				and (i) below, a winning wager made on the "Banker's Hand" shall be paid off by
				a casino licensee at odds of 1 to 1, except that the casino licensee shall
				extract a commission known as "vigorish" from the winning player in an amount
				equal to, in the casino licensee's discretion, either four or five percent of
				the amount won.
1. When collecting the
				vigorish, the casino licensee may round off the vigorish to five cents or the
				next highest multiple of five cents.
2. A casino licensee may collect the vigorish
				from a player at the time the winning payout is made or defer the collection
				until reshuffling the cards or at the end of the patron's play for that
				session. The amount of any deferred vigorish shall be evidenced by the placing
				of a coin or marker button containing the amount of the vigorish owed in a
				rectangular space in front of the dealer on the layout imprinted with the
				number of the player owing such vigorish. The coin or marker button shall not
				be removed from the layout until the vigorish owed is collected or documented
				on an Uncollected Vigorish form pursuant to
				13:69D-1.30.
3. Any vigorish deferred by the casino
				licensee but not collected from a player for any reason shall be recorded in
				the calculation of table game win for that table by the casino licensee in
				accordance with the casino licensee's internal control procedures, which
				internal controls shall, at a minimum, require:
i. The preparation by the pit clerk of a
				serially prenumbered Complimentary Vigorish Form ("Form"), consisting of an
				original and a duplicate copy, at a minimum, and on which shall be recorded the
				amount of the vigorish that was not collected, the name of the patron from whom
				the vigorish was not collected, and the signatures of the dealer, pit boss and
				pit clerk, as well as the signature of the patron if available, or a statement
				by the dealer or pit boss as to why the patron's signature could not be
				obtained;
ii. That the series
				numbers of all Forms received by a casino licensee shall be accounted for by
				casino employees, that access to the Form prior to use shall be restricted to
				pit clerks, and that each series of Forms shall be used in sequential
				order;
iii. The deposit of the
				original Form in the drop box by the dealer, in the presence of the pit boss
				and pit clerk who signed the Form;
iv. The retention of the duplicate copy of
				the Form by the pit clerk, for forwarding to the casino accounting department
				at the end of the gaming day, where it will be compared to the original Form
				placed in the drop box;
v. That the
				original and duplicate copy of all void Forms shall be marked "VOID," shall
				require the signatures of the pit boss and pit clerk, and shall be retained by
				the pit clerk until they are forwarded to the casino accounting department at
				the end of the gaming day; and
vi.
				Procedures for recording, no later than at the end of the gaming day, the
				amount of vigorish paid by the casino licensee as a cash complimentary to that
				patron.
4. All deferred
				vigorish shall be collected or documented in accordance with (c)3 above when
				each shoe of cards is completed or when the patron leaves the gaming table,
				whichever occurs first.