New Jersey § 5:5-147
Full text of New Jersey New Jersey Statutes § 5:5-147, with citation guidance and answers to common questions.
§ 5:5-147.
Sums wagered at an off-track wagering facility on races being transmitted to that
off-track wagering facility from an in-State sending track and sums wagered through
the account wagering system on a race conducted at an in-State host track shall be
deposited in the parimutuel pool generated at the in-State track for those races and
shall be distributed in accordance with the provisions of section 44 of P.L.1940,
c. 17 ( C.5:5-64 ) or section 1 of P.L.1984, c. 236 ( C.5:5-64.1 ), as appropriate. Such sums wagered at an off-track wagering facility or through the account wagering
system which remain undistributed pursuant to those sections shall be distributed
as follows, except that moneys resulting from breakage on amounts wagered at the off-track
wagering facility or through the account wagering system and from outstanding parimutuel
ticket moneys issued at the off-track wagering facility or through the account wagering
system shall be distributed as provided by subsection g. of this section. a. 6% of the parimutuel pool generated at the off-track wagering facility or through
the account wagering system shall be paid to the in-State track for overnight purses or, in the case of standardbred races, may be distributed as provided by a contractual
agreement authorized under section 11 of P.L.2013, c. 266 ( C.5:5-188 ) or, in the case of thoroughbred races, may be distributed as provided by a contractual
agreement authorized under section 12 of P.L.2013, c. 266 ( C.5:5-189 ) . In the event that (1) any racetrack at which a horse race meeting was conducted
in calendar year 2000 ceases to operate as a racetrack prior to calendar year 2003
and (2) an off-track wagering facility is operated on that former racetrack site,
6.15% of the parimutuel pool generated at that off-track wagering facility shall be
paid to the in-State sending track for overnight purses. b. 0.6% of the parimutuel pool generated at the off-track wagering facility or through
the account wagering system shall be set aside as follows: (1) in the case of harness races conducted by an in-State track, in the special trust
account established pursuant to or specified in section 46a.(2) of P.L.1940, c. 17 ( C.5:5-66 ), section 2b. of P.L.1984, c. 236 ( C.5:5-66.1 ), section 5a.(1) of P.L.1982, c. 201 ( C.5:5-98 ), or section 7f.(1)(a) of P.L.1971, c. 137 ( C.5:10-7 ), as appropriate, for use and distribution as provided in section 46a.(2)(a),(b) and (c) of P.L.1940, c. 17 ( C.5:5-66 ), sections 2b.(1), (2) and (3) of P.L.1984, c. 236 ( C.5:5-66.1 ), section 5a.(1)(a), (b) and (c) of P.L.1982, c. 201 ( C.5:5-98 ), or section 7f.(1)(a)(i), (ii) and (iii) of P.L.1971, c. 137 ( C.5:10-7 ); and (2) in the case of running races conducted by an in-State track, in the special trust
account established pursuant to or specified in section 46b.(1)(e) or (2)(e) of P.L.1940, c. 17 ( C.5:5-66 ), section 5b.(3) of P.L.1982, c. 201 ( C.5:5-98 ), or section 7f.(2)(c) of P.L.1971, c. 137 ( C.5:10-7 ), as appropriate, for use and distribution as provided therein, as appropriate. c. 0.02% of the parimutuel pool generated at the off-track wagering facility or through
the account wagering system shall be paid to Breeding and Development. d. 0.02% of the parimutuel pool generated at the off-track wagering facility or through
the account wagering system shall be paid to Backstretch Benevolency. e. 0.06% of the parimutuel pool generated at the off-track wagering facility or through
the account wagering system shall be set aside as follows: (1) in the case of harness
races, to Health and Welfare; and (2) in the case of running races, to Thoroughbred
Breeders and Stallions. f. The remainder of the parimutuel pool after deduction of the amounts under subsections
a. through e. of this section shall be paid to the off-track wagering licensee or the account wagering
licensee, as appropriate on a pro rata basis, as determined by the commission based
upon the volume of wagering handled by each licensee. g. All breakage moneys and outstanding parimutuel ticket moneys resulting from wagering
at the off-track wagering facility or through the account wagering system on races
conducted by an in-State track shall be paid to the commission for racing costs in
accordance with section 26 of this act. If in any calendar year the total amount of breakage moneys and outstanding parimutuel
ticket moneys referred to herein exceeds amounts required to pay racing costs as provided
in section 26 of this act, such remaining funds shall be allocated as follows: 50%
to the off-track wagering licensee or the account wagering licensee, as appropriate
and 50% to the New Jersey Racing Industry Special Fund.
Frequently Asked Questions About New Jersey § 5:5-147
What does New Jersey Statutes § 5:5-147 cover?
Section 5:5-147 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 5:5-147?
A common citation format is "New Jersey Statutes § 5:5-147" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 5:5-147 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.