2. "Cash equivalent value" -- The monetary value that a casino licensee shall assign to a jackpot or payout that consists of merchandise or any thing of value other than cash, tokens, chips or plaques. The division shall promulgate rules defining "cash equivalent value" in order to assure fairness, uniformity and comparability of valuation of jackpots and payoffs that include merchandise or any thing of value.
N.J. Stat. Ann. § 5:12-5.2
"Cash equivalent value."
Known as the Casino Simulcasting Act
The act spans §§ 5:10-1 to 5:9-9 (1,144 sections).
L.2002, c.65, s.2; amended 2011, c.19, s.5.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.