New Jersey § 5:12-198
Full text of New Jersey New Jersey Statutes § 5:12-198, with citation guidance and answers to common questions.
§ 5:12-198.
Sums wagered at a casino on races being transmitted to that casino from an in-State
sending track shall be deposited in the parimutuel pool generated at the in-State
sending track for those races and shall be distributed in accordance with the provisions
of section 44 of P.L.1940, c. 17 ( C.5:5-64 ) or section 1 of P.L.1984, c. 236 ( C.5:5-64.1 ), as appropriate. The sums wagered at a casino which remain undistributed pursuant to those sections
shall be distributed as follows: a. .50% of the parimutuel pool generated at the casino shall be paid to the New Jersey
Racing Commission for deposit in the Casino Simulcasting Fund established pursuant
to section 18 of this act; 1 b. 8.25% of the pool generated at the casino for a race where the patron is required
to select one horse, 9.25% of the pool generated at the casino for a race where the
patron is required to select two horses, and 12.25% of the pool generated at the casino
for a race where the patron is required to select three or more horses shall be paid
to the casino receiving the simulcast race; c. .50% of the pool generated at the casino shall be set aside as follows: (1) in the case of harness races being transmitted from an in-State sending track,
in the special trust account established pursuant to or specified in section 46a.(2) of P.L.1940, c. 17 ( C.5:5-66 ), section 2b. of P.L.1984, c. 236 ( C.5:5-66.1 ), section 5a.(1) of P.L.1982, c. 201 ( C.5:5-98 ), or section 7f.(1)(a) of P.L.1971, c. 137 ( C.5:10-7 ), as appropriate, for use and distribution as provided in section 46a.(2)(a), (b), and (c) of P.L.1940, c. 17 ( C.5:5-66 ), section 2b.(1), (2), and (3) of P.L.1984, c. 236 ( C.5:5-66.1 ), section 5a.(1)(a), (b), and (c) of P.L.1982, c. 201 ( C.5:5-98 ), or section 7f.(1)(a)(i), (ii), and (iii) of P.L.1971, c. 137 ( C.5:10-7 ), as appropriate; and (2) In the case of running races being transmitted from an in-State sending track,
in the special trust account established pursuant to or specified in section 46b.(1)(e) and (2)(e) of P.L.1940, c. 17 ( C.5:5-66 ), section 5b.(3) of P.L.1982, c. 201 ( C.5:5-98 ), or section 7f.(2)(c) of P.L.1971, c. 137 ( C.5:10-7 ), as appropriate, for use and distribution as provided therein; d. .03% of the parimutuel pool generated at the casino shall be paid to the New Jersey
Racing Commission and set aside in the special trust account for horse breeding and
development for distribution and use as provided in section 5 of P.L.1967, c. 40 ( C.5:5-88 ); and e. 7.72% of the pool generated at the casino for a race where the patron is required
to select one horse, 8.72% of the pool generated at the casino for a race where the
patron is required to select two horses, and 11.72% of the pool generated at the casino
for a race where the patron is required to select three or more horses shall be distributed
as follows: (1) 50% of that amount shall be retained by the sending track, except that each sending
track shall contribute, out of its share of a pool generated for a race where the
patron is required to select three or more horses, a sum deemed necessary by the New
Jersey Racing Commission for use by the commission to finance a prerace bloodtesting
program and such other testing programs which that commission shall deem proper and
necessary and which shall be subject to the regulation and control of that commission;
and (2) 50% of that amount shall be distributed as follows: (a) in the case of harness races being transmitted from an in-State sending track,
as overnight purse money at the sending track and for programs designed to aid the
horsemen and the Standardbred Breeders' and Owners' Association of New Jersey, as
provided in section 46a.(4) of P.L.1940, c. 17 ( C.5:5-66 ), section 2d. of P.L.1984, c. 236 ( C.5:5-66.1 ), section 5a.(2) of P.L.1982, c. 201 ( C.5:5-98 ), or section 7f.(1)(b) of P.L.1971, c. 137 ( C.5:10-7 ), as appropriate, including the retention, out of this share of a parimutuel pool
where the patron is required to select three or more horses, of a sum deemed necessary
by the New Jersey Racing Commission for use by that commission to finance a prerace
blood testing program and such other testing programs which that commission shall
deem proper and necessary and which shall be subject to the regulation and control
of that commission , or as provided by a contractual agreement authorized under section 11 of P.L.2013, c. 266 ( C.5:5-188 ) ; and (b) in the case of running races being transmitted from an in-State sending track,
as overnight purse money at the sending track and for programs designed to aid the
horsemen and the New Jersey Thoroughbred Horseman's Benevolent Association, as provided
in section 46b.(1) (d) and (2) (d) of P.L.1940, c. 17 ( C.5:5-66 ), section 5b.(2) of P.L.1982, c. 201 ( C. 5:5-98 ), or section 7f.(2)(b) of P.L.1971, c. 137 ( C.5:10-7 ), as appropriate, including the retention, out of this share of a parimutuel pool
where the patron is required to select three or more horses, of a sum deemed necessary
by the New Jersey Racing Commission for use by that commission to finance a prerace
blood testing program and such other testing programs which that commission shall
deem proper and necessary and which shall be subject to the regulation and control
of that commission , or as provided by a contractual agreement authorized under section 12 of P.L.2013, c. 266 ( C.5:5-189 ) . 1
N.J.S.A. § 5:12-208.
Frequently Asked Questions About New Jersey § 5:12-198
What does New Jersey Statutes § 5:12-198 cover?
Section 5:12-198 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 § 5:12-198?
A common citation format is "New Jersey Statutes § 5:12-198" (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 § 5:12-198 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.