New Jersey § 5:5-63
Full text of New Jersey New Jersey Statutes § 5:5-63, with citation guidance and answers to common questions.
§ 5:5-63.
a. The New Jersey Racing Commission may, by regulation promulgated pursuant to the
“Administrative Procedure Act,” P.L.1968, c. 410 ( C. 52:14B-1 et seq. ), authorize a permitholder to conduct a system of wagering in which the bettor selects
the winning horse in each of four or more consecutive races designated by the permitholder
up to the maximum number of races allowed by the commission. The races in which this system of wagering is to be conducted and the method of
distributing the parimutuel pool chosen by the permitholder pursuant to paragraph
(1) of subsection c. of this section shall be approved by the commission and shall
be clearly specified in the program for the races conducted at a horse race meeting. b. The parimutuel pool of bettors participating in this form of wagering shall be
separate from all other wagering pools on races conducted by the permitholder. Tickets for this form of wagering shall be sold in denominations of not less than
$1 and only from machines capable of issuing tickets for the authorized number of
races. c. The pool for distribution to winners of races using this form of wagering shall
be distributed as follows: (1) 100% of the pool shall be paid to the winner or winners of those races each day
or, alternatively, 75% of the pool shall be paid to the winner or winners of those
races each day and 25% of the pool shall be paid to the bettor or bettors who selected
the next largest number of winning horses in those races; (2) In the event that there is no winner, 25% of the pool shall be paid to the bettor
or bettors who selected the largest number of winning horses in those races and 75%
of the pool shall be carried over and added to the pool on the next day that this
system of wagering is conducted; (3) If on the last day on which this system of wagering is conducted at a horse race
meeting during a calendar year, no bettor selects the winning horses in those races,
the total amount of the pool which exists on that day in connection with those races
shall be paid to the bettor or bettors who selected the largest number of winning
horses in those races. No part of the pool shall be carried over to the next year's race meeting.
Frequently Asked Questions About New Jersey § 5:5-63
What does New Jersey Statutes § 5:5-63 cover?
Section 5:5-63 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 § 5:5-63?
A common citation format is "New Jersey Statutes § 5:5-63" (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 § 5:5-63 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.