New Jersey § 5:5-181
Full text of New Jersey New Jersey Statutes § 5:5-181, with citation guidance and answers to common questions.
§ 5:5-181.
Of the monies distributed to overnight purses pursuant to subsection b. of section
13 of this act, P.L.2011, c. 15 ( C.5:5-180 ), all moneys derived from exchange wagering on thoroughbred races shall be paid to
overnight purses for thoroughbred races and all monies derived from exchange wagering
on standardbred races shall be paid to overnight purses for standardbred races. On or after January 1, 2014, the formula for allocating overnight purse monies from
exchange wagering to overnight purses set forth in this section may be modified by
the mutual agreement of the Standardbred Breeders and Owners Association of New Jersey
and the New Jersey Thoroughbred Horsemen's Association. Nothing contained in this section shall be construed as a precedent for establishing
the division of overnight purse amounts between standardbred races and thoroughbred
races. Notwithstanding the foregoing, the sum derived from exchange wagering on standardbred
races pursuant to subsection b. of section 13 of P.L.2011, c. 15 ( C.5:5-180 ) may be distributed as provided by a contractual agreement authorized under section
11 of P.L.2013, c. 266 ( C.5:5-188 ). Notwithstanding the foregoing, the sum derived from exchange wagering on thoroughbred
races pursuant to subsection b. of section 13 of P.L.2011, c. 15 ( C.5:5-180 ) may be distributed as provided by a contractual agreement authorized under section
12 of P.L.2013, c. 266 ( C.5:5-189 ).
Frequently Asked Questions About New Jersey § 5:5-181
What does New Jersey Statutes § 5:5-181 cover?
Section 5:5-181 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 § 5:5-181?
A common citation format is "New Jersey Statutes § 5:5-181" (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 § 5:5-181 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.