New Jersey § 5:5-123

§ 5:5-123.

With the prior approval of the commission, a receiving track which the commission

has permitted to receive simulcast horse races of national interest held at out-of-State

sending tracks and to conduct parimutuel wagering thereon pursuant to section 10 of

P.L.1985, c. 269 ( C. 5:5-119 ) may combine parimutuel pools in this state with comparable pools at the out-of-State

sending track. The types of wagering takeout, distribution of winnings and rules of racing in effect

for parimutuel pools at the sending racetrack shall govern wagers placed in this State

and merged into the interstate common pool. Breakage for interstate common pools shall be calculated in accordance with the

law or rules governing the sending racetrack and shall be distributed between participating

jurisdictions in the manner agreed to between the receiving track and the out-of-State

sending track. With the prior approval of the commission and the concurrence of the out-of-State

sending track, a receiving track and receiving tracks or entities in other states

other than the state in which the sending track is located may form an interstate

common pool. With respect to such interstate common pools the commission may approve types of

wagering, takeout, distribution of winnings, rules of racing and method of calculating

breakage which are different from those which would otherwise be applied in this State

but which are consistent for all parties to the interstate common pool. The receiving track may deduct from wagers placed in any interstate common pool any

fee to the person or entity conducting the race for the privilege of conducting parimutuel

wagering on the race and costs incurred in transmitting the broadcast of the race

and participation in the interstate common pool. Any provision of law or contract governing the distribution of shares of the takeout,

from wagers placed in this State in separate parimutuel pools on races run in another

state, to this State as parimutuel taxes or respectively to breeder awards and to

purses in this State shall remain in effect for wagers placed in interstate common

pools. However, if the commission shall have approved an adjustment in the takeout rates,

the distribution of the takeout within this State shall be adjusted proportionately

to reflect the adjustment in the takeout rate. In addition, with the approval of the receiving track and the organization representing

respectively a majority of the breeders or other horsepersons, their respective share

may be modified.