New Jersey § 5:5-171
Full text of New Jersey New Jersey Statutes § 5:5-171, with citation guidance and answers to common questions.
§ 5:5-171.
Notwithstanding any law, rule, or regulation to the contrary, exchange wagering by
residents of this State on the results of horse races conducted in this State or jurisdictions
outside of this State shall be lawful provided that: a. exchange wagering shall only be conducted by the exchange wagering licensee pursuant
to a valid exchange wagering license issued by the commission as provided for in this
act; b. exchange wagering shall be conducted pursuant to and in compliance with the provisions
of the Interstate Horse Racing Act of 1978, 15 U.S.C. ss.3001-3007, as amended, this
act, and rules and regulations promulgated by the commission pursuant to this act; c. the commission has approved a contract or agreement, if any, with a person or entity
to conduct or operate the exchange and to act as the agent for the authority in all
exchange wagering matters approved by the commission, pursuant to section 5 of this
act, P.L.2011, c. 15 ( C. 5:5-172 ), including but not limited to the portion of exchange revenues payable to such person
or entity conducting or operating the exchange; d. exchange wagers are submitted to and accepted by the exchange wagering licensee
in person, by direct telephone call, or by communication through other electronic
media; and e. exchange wagers are placed through the exchange wagering system authorized in accordance
with the provisions of this act, P.L.2011, c. 15 ( C. 5:5-168 et al.), and in accordance with commission rules, regulations, and conditions established
therefor.
Frequently Asked Questions About New Jersey § 5:5-171
What does New Jersey Statutes § 5:5-171 cover?
Section 5:5-171 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 § 5:5-171?
A common citation format is "New Jersey Statutes § 5:5-171" (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 § 5:5-171 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.