New Jersey § 5:12-203

§ 5:12-203.

Sums wagered at a casino on races being transmitted to that casino from an out-of-State

sending track shall be subject to the takeout rate determined pursuant to section

12 of this act, 1 and the sums resulting from that takeout rate as applied to the parimutuel pool generated

at the casino shall be distributed as follows, subject to the provisions of section

16 of this act: 2 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; 3 b. the actual amount paid by the casino for the transmission of the race shall be paid to the casino to be used for payment to the out-of-State sending track

for the transmission of the race, as provided in section 11 of this act; 4 c. in calendar years 1993, 1994, and 1995, 2% of the parimutuel pool generated at

the casino shall be paid to the New Jersey Racing Commission for payment to the Atlantic

City Racetrack until a total of $100,000,000 in parimutuel pools has been generated

in wagering on simulcast races at all casinos in each of those calendar years, except

that if casino simulcasting in Atlantic City begins after January 1, 1993 and before

January 1, 1994, 2% of the parimutuel pool generated at the casino shall be paid to

the commission for payment to the Atlantic City Racetrack until that portion of $100,000,000

determined by the following formula has been generated in wagering at casinos on simulcast

races in 1993: A/B = C/D here: A = 365 minus (a) the number of racing days in 1993, other than live racing

days, prior to the commencement of casino simulcasting in Atlantic City that the Atlantic

City Racetrack conducts simulcasting under the provisions of the “Simulcasting Racing

Act,” P.L.1985, c. 269 ( C.5:5-110 et seq. ) or the provisions of section 37 of P.L.1992, c. 19 ( C.5:5-125 ), and (b) the number of live racing days conducted by the Atlantic City Racetrack

in 1993; B = 365 (the number of calendar days in 1993); C = the amount of the parimutuel pool generated in wagering on simulcast races in

1993 of which 2% is to be paid to the New Jersey Racing Commission for payment to

the Atlantic City Racetrack; D = $100,000,000; d. of the amount remaining after the deduction of the amounts under subsections a.,

b., and c. from the amount of the takeout rate, 55% shall be paid to the casino; e. .50% of the parimutuel pool generated at the casino shall be paid to the New Jersey

Racing Commission and shall be deposited by that commission as follows: (1) 50% 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) 50% 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; f. .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 g. the amount remaining after the deduction of the amounts under subsections a., b.,

c., d., e., and f. from the amount of the takeout rate shall be distributed as follows: (1) 43% of that remaining amount shall be paid to the New Jersey Racing Commission

and shall be distributed by that commission, on the basis of the following formula,

among the New Jersey racetracks for their own use: A/B = C/D here: A = the gross parimutuel pool generated at each racetrack during the preceding

calendar year, including the parimutuel pool on simulcast races; B = the gross parimutuel pool generated at racetracks Statewide during the preceding

calendar year, including the parimutuel pool on simulcast races; C = the amount to be paid to each racetrack from the moneys available for distribution

pursuant to this paragraph; D = the total amount of moneys available for distribution pursuant to this paragraph; (2) 43% of that remaining amount shall be paid to the New Jersey Racing Commission

and, subject to the provisions of section 14 of this act, 5 shall be distributed by that commission, in the following year and on the basis of

the following formula, among the New Jersey racetracks for payment as purse money

and for programs designed to aid horsemen and horsemen's organizations 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 ), in the case of harness races, except that the amount distributed to standardbred

racetracks for payment as purse money may be distributed as provided by a contractual

agreement authorized under section 11 of P.L.2013, c. 266 ( C.5:5-188 ), and section 46b.(1)(d) or 46b.(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 ), in the case of running races, except that the amount distributed to thoroughbred

racetracks for payment as purse money may be distributed as provided by a contractual

agreement authorized under section 12 of P.L.2013, c. 266 ( C.5:5-189 ): A/B = C/D here: A = the total amount distributed by each racetrack pursuant to 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 ), in the case of harness races, or section 46b.(1)(d) or 46b.(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 ), in the case of running races, during the preceding calendar year, plus any additional

amounts paid out by each racetrack for overnight purses during the preceding calendar

year from the permit holder's share of the parimutuel pool; B = the total amount distributed by racetracks Statewide pursuant to 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 ), and section 7f.(1)(b) of P.L.1971, c. 137 ( C.5:10-7 ), in the case of harness races, and pursuant to section 46b.(1)(d) and 46b.(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 ), and section 7f.(2)(b) of P.L.1971, c. 137 ( C.5:10-7 ), in the case of running races, during the preceding calendar year, plus any additional

amounts paid out by racetracks for overnight purses during the preceding calendar

year from the permit holders' share of the parimutuel pool; C = the amount to be paid to each racetrack from the moneys available for distribution

pursuant to this paragraph; D = the total amount of moneys available for distribution pursuant to this paragraph;

and (3) 14% of that remaining amount shall be paid to the New Jersey Racing Commission

for deposit in the Casino Simulcasting Special Fund established pursuant to section

15 of this act. 6 In addition, all breakage moneys and outstanding parimutuel ticket moneys resulting

from the wagering at the casino shall be paid to the New Jersey Racing Commission

and deposited in the Casino Simulcasting Special Fund. If a racetrack conducts both harness races and running races, the moneys the racetrack

receives for payment pursuant to paragraph (2) of subsection g. above shall be distributed

on the basis of the following formula: A/B = C/D here: A = the total amount distributed by the racetrack pursuant to 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, in the case of harness races, plus any additional amounts paid

out by the racetrack for overnight purses for harness races during the preceding calendar

year from the permit holder's share of the parimutuel pool, or pursuant to section

46b.(1)(d) or 46b.(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, in the case of running races, plus any additional amounts paid

out by the racetrack for overnight purses for running races during the preceding calendar

year from the permit holder's share of the parimutuel pool, as the case may be; B = the total amount distributed by the racetrack pursuant to 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, and pursuant to section 46b.(1)(d) or 46b.(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, plus any additional amounts paid out by the racetrack for overnight

purses for both harness and running races during the preceding calendar year from

the permit holder's share of the parimutuel pool; C = the amount to be paid by the racetrack for overnight purse money and for programs

designed to aid horsemen and horsemen's organizations 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 ), in the case of harness races, and section 46b.(1)(d) or 46b.(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 ), in the case of running races; D = the total amount of moneys available to the racetrack for distribution as overnight

purse money and for programs designed to aid horsemen and horsemen's organizations

pursuant to this paragraph. 1

N.J.S.A. § 5:12-202. 2

N.J.S.A. § 5:12-206. 3

N.J.S.A. § 5:12-208. 4

N.J.S.A. § 5:12-201. 5

N.J.S.A. § 5:12-204. 6

N.J.S.A. § 5:12-205.