New Jersey § 5:5-151
Full text of New Jersey New Jersey Statutes § 5:5-151, with citation guidance and answers to common questions.
§ 5:5-151.
Sums wagered at an off-track wagering facility on races being transmitted to that
off-track wagering facility from an out-of- State sending track and sums wagered through
the account wagering system on races conducted by an out-of-State host track shall
be subject to the takeout rate determined pursuant to section 24 of this act and the
sums resulting from that takeout rate as applied to the parimutuel pool generated
at the off-track wagering facility or through the account wagering system shall be
distributed as follows, except money 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 shall be distributed
as provided by subsection c. of this section. a. The amount, if any, as agreed by the off-track wagering licensee or account wagering
licensee and the out-of-State track pursuant to section 23 of this act shall be paid
to the out-of State track. b. Of the amount remaining after the deduction of the amount under subsection a. of
this section from the amount of the takeout rate, 40% shall be paid to the New Jersey
Racing Industry Special Fund and 60% shall be paid to the off-track wagering licensee
or the account wagering licensee, as appropriate. c. 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 the out-of-State track shall be distributed as follows: $150,000 annually
to Jockey's Health and Welfare, $150,000 annually to Standardbred Drivers' Health
and Welfare, and all remaining moneys 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 exceed the $300,000 to be paid to Jockey's Health
and Welfare and Standardbred Drivers' Health and Welfare, and the 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 account wagering
licensee, as appropriate and 50% to the New Jersey Racing Industry Special Fund.
Frequently Asked Questions About New Jersey § 5:5-151
What does New Jersey Statutes § 5:5-151 cover?
Section 5:5-151 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 § 5:5-151?
A common citation format is "New Jersey Statutes § 5:5-151" (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 § 5:5-151 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.