Prohibits sports wagering licensees from offering micro bets; establishes penalties.

This bill prohibits sports wagering licensees in New Jersey from offering "micro bets," which are wagers placed on the outcome of the very next play or action in a sporting event (such as whether the next pitch in baseball will be a strike). The bill defines micro bets as proposition bets made live during games on specific plays rather than on the final game outcome. Violating this prohibition would result in a disorderly persons offense with fines ranging from $500 to $1,000 per offense, with each wager constituting a separate violation. The bill aims to address concerns about rapid, high-volume betting contributing to problem gambling, which the bill states has been increasing in New Jersey.