New Jersey § 5:5-66

Full text of New Jersey New Jersey Statutes § 5:5-66, with citation guidance and answers to common questions.

§ 5:5-66.

Notwithstanding the provisions of section 46 of P.L.1940, c. 17 ( C.5:5-66 ) or any other law to the contrary, a holder of a permit to conduct harness race meetings

who operates a racetrack at which harness race meetings were conducted during calendar

year 1984 but which were suspended for 30 days or more during that calendar year because

of fire, and a holder of a permit to conduct harness race meetings who conducted harness

race meetings at the aforementioned racetrack during 1984 and who continues to conduct

harness race meetings at that racetrack, shall make disposition of the deposits remaining

undistributed pursuant to section 1 of this act as follows: 1 a. On a racing day designated or allotted as a charity racing day pursuant to P.L.1977,

c. 200 ( C.5:5-44.2 et seq. ), P.L.1993, c. 15 ( C.5:5-44.8 ), or section 1 of P.L.1997, c. 80 ( C.5:5-44.9 ), pay to the commission, at the time and in the manner prescribed by the commission,

.50% of so much of the total contributions to all parimutuel pools conducted or made

on any and every horse race; b. Hold and set aside in an account designated as a special trust account 1.15% of

such total contributions in all pools to be used and distributed as hereinafter provided

and as provided in section 5 of P.L.1967, c. 40, 2 for the following purposes and no other: (1) 37% thereof to increase purses and grant awards for starting horses as provided

or as may be provided by rules of the New Jersey Racing Commission with payment to

be made in the same manner as payment of other purses and awards; (2) 55% thereof for the establishment of a Sire Stakes Program for standardbred horses

with payment to be made to the Department of Agriculture for administration as hereinbefore

provided; (3) 5% thereof to the Sire Stakes Program for purse supplements designed to improve and promote the standardbred breeding industry in New Jersey by increasing purses for owners of horses that are sired by a New Jersey registered stallion and are eligible to participate in the Sire Stakes Program. The Sire Stakes Program board of trustees shall consult with the Standardbred Breeders'

and Owners' Association of New Jersey before disbursing money for purse supplements; (4) 3% thereof for other New Jersey horse breeding and promotion conducted by the

New Jersey Department of Agriculture. c. Retain 7.935%, or in the case of races on a charity racing day 7.70%, of so much

of such total contributions for his own uses and purposes. Notwithstanding the foregoing, for pools where the patron is required to select

two horses, the permitholder shall retain 8.935%, or in the case of races on a charity

racing day 8.70%, of the total contributions and for pools where the patron is required

to select three or more horses, the permitholder shall retain 11.935%, or in the case

of races on a charity racing day 11.70%, of the total contributions. The permitholder shall contribute out of its 11.935% or 11.70% share of pools, where

the patron is required to select three or more horses, a sum deemed necessary by the

Racing Commission, to finance a prerace blood testing program, and such other testing

programs which the commission shall deem proper and necessary and which shall be subject

to the regulation and control of the commission. d. Distribute as purse money and for programs designed to aid the horsemen and the

Standardbred Breeders' and Owners' Association of New Jersey 7.7675%, or in the case

of races on a charity racing day 7.65%, of such total contributions. Expenditures for programs designed to aid the horsemen and the Standardbred Breeders'

and Owners' Association of New Jersey shall not exceed 3.2% of the sum available for

distribution as purse money. The formula for distribution of the purse money as either overnight purses or special

stakes shall be determined by an agreement between the Standardbred Breeders' and

Owners' Association of New Jersey and the tracks. Notwithstanding the foregoing, for pools where the patron is required to select

two or more horses, the permitholder shall distribute as purse money 8.7675%, or in

the case of races on a charity racing day 8.65%, of the total contributions and for

pools where the patron is required to select three or more horses, the permitholder

shall distribute as purse money 11.7675%, or in the case of races on a charity racing

day 11.65%, of the total contributions. Notwithstanding the foregoing, for pools where a patron is required to select three

or more horses, the permitholder shall retain out of the 11.7675% or 11.65% to be

distributed as purse money, a sum deemed necessary by the racing commission, for use

by the commission to finance a prerace blood testing program, and such other testing

programs which the commission shall deem proper and necessary and which shall be subject

to the regulation and control of the commission. e. In the case of races on a racing day other than a charity racing day, distribute

to the Standardbred Breeders' and Owners' Association of New Jersey for the administration

of a health benefits program for horsemen .1175% of such total contributions. f. In the case of races on a racing day other than a charity racing day, distribute

to the Sire Stakes Program for standardbred horses .02% of such total contributions. g. In the case of races on a racing day other than a charity racing day, distribute

to the Backstretch Benevolency Programs Fund created pursuant to P.L.1993, c. 15 ( C.5:5-44.8 ) .01% of such total contributions. Except as otherwise provided by law, no admission or amusement tax, excise tax, license

or horse racing fee of any kind shall be assessed or collected from the permitholder

by the State of New Jersey, or by any county or municipality, or by any other body

having power to assess or collect license fees or taxes. 1

N.J.S.A. § 5:5-64.1. 2

N.J.S.A. § 5:5-88.

Frequently Asked Questions About New Jersey § 5:5-66

What does New Jersey Statutes § 5:5-66 cover?

Section 5:5-66 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 § 5:5-66?

A common citation format is "New Jersey Statutes § 5:5-66" (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 § 5:5-66 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.