New Jersey § 5:5-64

§ 5:5-64.

Each holder of a permit shall distribute all sums deposited in any pool where the

patron is required to select one horse to the winners thereof, less an amount which

in harness races shall not exceed 17% of the total deposits plus the breaks and which

in other races shall not exceed 17% of the total deposits plus the breaks. In every pool where the patron is required to select two horses, the holder of each

permit for either harness or running track shall distribute all sums deposited in

each pool to the winners thereof, less an amount which shall not exceed 19% of the

total deposits plus the breaks. In every pool where the patron is required to select three or more horses, every

holder of a permit shall distribute all sums deposited in each pool to the winners

thereof, less an amount which shall not exceed 25% of the total deposits plus the

breaks. Every permitholder shall distribute to the persons holding winning tickets in any

of the aforementioned pools, as a minimum, a sum not exceeding $0.10, calculated on

the basis of each dollar deposited in any pool after the deduction of the said 17%,

19% or 25%, as the case may be. Should the amount remaining in the pool be insufficient to pay the winners the minimum,

the breakage accruing in that race, or any necessary portion thereof, shall be applied

toward making up any such deficiency. The breaks are hereby defined as the odd cents over any multiple of $0.10, calculated

on the basis of $1.00 otherwise payable to a patron. Every permitholder engaged in the business of conducting running race meetings under

this act, except the New Jersey Sports and Exposition Authority established pursuant

to P.L.1971, c. 137 ( C.5:10-1 et seq. ) or a lessee of the authority, shall distribute as purse money the breaks as herein

defined, except as the same shall have been applied toward making up a deficiency

in a pool as herein provided. Every permitholder engaged in the business of conducting harness race meetings under

this act, except the New Jersey Sports and Exposition Authority or a lessee of the

authority, shall retain for his own uses and purposes 50% of the breaks as herein

defined, except as the same shall have been applied toward making up a deficiency

in the pool as herein provided, and shall distribute as purse money the remaining

50%. The New Jersey Sports and Exposition Authority or a lessee of the authority shall

retain all breaks as revenue, except as the same shall have been applied toward making

up a deficiency in a pool as herein provided. Every permitholder shall submit to the commission every seventh day of any and every

race meeting a report under oath showing the daily and total amount of such breaks,

together with such other information as the commission may require. All sums held by any permitholder for payment of outstanding parimutuel tickets

not claimed by the person or persons entitled thereto within 12 months from the time such tickets are issued shall be paid upon the expiration of such 12-month holding period as follows: a. In the case of running and harness races, beginning July 1, 1997 50% of those sums

shall be paid to the racing commission for deposit in the general fund of the State

and disposition in accordance with section 4 of P.L.1997, c. 29 ( C.5:5-68.1 ); b. In the case of running races, 50% of those sums shall be paid to the commission

and set aside in the special trust account established pursuant to section 46 b.(1)(e) and section 46 b.(2)(e) of P.L.1940, c. 17 ( C.5:5-66 ); and c. In the case of harness races, 25% of those sums shall be retained by the permitholder

to supplement purses for sire stakes races on which there is parimutuel wagering,

and 25% shall be retained by the permitholder to supplement overnight purses unless

otherwise provided by a contractual agreement authorized under section 11 of P.L.2013, c. 266 ( C.5:5-188 ). Where it is shown to the satisfaction of the commission that the reason for the parimutuel

tickets being outstanding and unclaimed is the loss, misplacement or theft of said

tickets within the confines and control of the parimutuel department of any permitholder,

and it is further shown to the satisfaction of the commission that said parimutuel

tickets have been cashed by such parimutuel department, the commission may adjust

and credit the permitholder's account accordingly and the permitholder shall reimburse

any employee who has been held personally accountable and paid for such lost, stolen

or misplaced tickets. All outstanding parimutuel ticket money shall be deposited in an account separate

and apart from the track's mutuel or general treasury account. The outstanding parimutuel ticket account shall be subject to the rules and regulations

prescribed by the Division of New Jersey Racing Commission.