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

This bill prohibits New Jersey sports wagering licensees from offering or accepting "micro bets" - wagers on the outcome of the next play or action in a sporting event (such as whether the next baseball pitch will be a strike). It defines micro bets as a type of proposition bet that allows rapid, frequent wagering during games, which can contribute to problem gambling by limiting bettors' research time and enabling quick loss accumulation. Violating this prohibition would result in a fine of $500 to $1,000 per offense. The bill directly affects licensed sports betting operators in New Jersey, requiring them to remove micro betting options from their platforms. The legislation aims to address concerns about rapid betting contributing to problem gambling, as noted by the National Council on Problem Gambling.