New Jersey Administrative Code › Title 13 - LAW AND PUBLIC SAFETY › Chapter 69L - TAXES › Subchapter 1 - GROSS REVENUE TAX; INTERNET GAMING GROSS REVENUE TAX; TAXES ON SPORTS WAGERING › Section 13:69L-1.2 - Definitions

Current through Register Vol. 56, No. 14, July 15, 2024
The following words and terms, when used in this subchapter,
				  shall have the following meanings unless the context clearly indicates
				  otherwise.
"Casino licensee" or "licensed casino" includes the holder of
				  a casino license or interim casino authorization.
"Casino management agreement" means a written agreement
				  between one or more casino licensees and another casino licensee whereby the
				  latter agrees to provide complete management of a casino in accordance with
				  section 82 of the Act.
"Casino management licensee" means a casino licensee which
				  provides complete management of a casino pursuant to a casino management
				  agreement, as defined in this section.
"Casino operator" means:
1. Where there is no casino management
				agreement with regard to the casino hotel facility, the casino operator shall
				be the casino licensee that is responsible for submitting, as applicable, and
				for maintaining the internal controls required by section 99 of the
				Act;
2. Where there is a casino
				management agreement with regard to the casino hotel facility, the casino
				operator shall be the casino management licensee, if said licensee has supplied
				capital at risk in the gaming operations of the casino. If the casino
				management licensee has supplied none of the capital at risk in the gaming
				operations of the casino, the casino operator shall be the licensee designated
				in paragraph 1 of this definition, as though no casino management agreement
				existed; or
3. For the purpose of
				Internet gaming gross revenue tax, an "Internet gaming affiliate" as defined in
				the Act shall be considered a casino operator.
"Casino Revenue Fund" means a separate special account
				  established in the Department of the Treasury for deposit of all revenue from
				  the tax imposed by subsection 144a of the Act, the tax imposed by section 95.19
				  of the Act, the investment alternative taxes imposed by subsections 144e and
				  144.1a of the Act, any interest earned pursuant to paragraph 2 of subsection
				  144.1a or section 145.1 of the Act and any penalties payable to the Casino
				  Revenue Fund pursuant to section 145 of the Act.
"Division" means the Division of Gaming Enforcement.
"Division of Taxation" means the State agency authorized to
				  collect the gross revenue tax on gaming operations.
"Eligible promotional gaming credit" means any promotional
				  gaming credit that is wagered in the casino or through an authorized Internet
				  gaming system of a casino operator during a calendar year in excess of $ 90
				  million, which is to be prorated over the calendar year at a rate of $ 7.5
				  million per month.
"Lease" or "lease agreement" means a written agreement for
				  the lease of the approved hotel in accordance with section 82 of the Act,
				  including any such lease which is capitalized under generally accepted
				  accounting principles.
"Promotional gaming credit" means a slot machine credit or
				  other item approved by the Division that is issued by a casino operator to a
				  patron for the purpose of enabling the placement of a wager at a slot machine
				  in its casino or through an authorized Internet gaming system. The slot machine
				  credit or other item shall be non-cashable unless an alternative form of slot
				  machine credit has been approved by the Division. No such credit shall be
				  reported as a promotional gaming credit by a casino operator unless the casino
				  operator can establish that the credit was:
1. Issued by the casino operator;
				and
2. Received from a patron as a
				wager at a slot machine in its casino on or after August 14, 2008.
"Proportionate share" means the value of the promotional
				  gaming credits wagered in the casino of a particular casino operator during a
				  tax year or portion thereof compared pro rata to the value of the promotional
				  gaming credits wagered in the casinos of all casino operators during the same
				  tax year of portion thereof, expressed as a percentage. For example, if $ 15
				  million in promotional gaming credits are wagered in the casino of a particular
				  casino operator during a tax year, and $ 100 million in promotional gaming
				  credits are wagered in the casinos of all casino operators during the same tax
				  year, the proportionate share of that particular casino operator would be 15
				  percent.
"Tournament" means a series of games, wagers, or contests
				  offered by an operator who is not acting as the bank or house that make up a
				  single unit of competition where one or more patrons win a defined prize pool
				  or share thereof.
"Tournament buy-in" means a patron's contribution to the
				  tournament prize pool, which shall include all re-buys and add-on contribution
				  amounts.
"Tournament entry fee" means a patron's cost to enter the
				  tournament that is retained by the operator.
"Tournament prize pool" means the aggregated amount of
				  tournament buy-ins, less dealer tips, plus any amount contributed by the
				  operator to meet a guaranteed amount.