New Jersey § 5:5-202
Full text of New Jersey New Jersey Statutes § 5:5-202, with citation guidance and answers to common questions.
§ 5:5-202.
a. Of the monies distributed to overnight purses pursuant to subsection b. of section
12 of this act, P.L.2021, c. 193 ( C.5:5-201 ) on in-State races at the respective racetracks, all monies derived from fixed odds
wagering on thoroughbred races shall be paid to overnight purses for thoroughbred
races and all monies derived from fixed odds wagering on standardbred races shall
be paid to overnight purses for standardbred races. b. Of the monies distributed to overnight purses pursuant to subsection b. of section
12 of this act, P.L.2021, c. 193 ( C.5:5-201 ), on out-of-State and international races: (1) all monies derived from fixed odds wagering at Monmouth Racetrack, including at
off-track wagering facilities operated by Monmouth Racetrack and in regards to advance
deposit wagering, on thoroughbred races shall be paid to overnight purses for thoroughbred
races and all monies derived from fixed odds wagering on standardbred races shall
be paid to overnight purses for standardbred races; (2) all monies derived from fixed odds wagering at Meadowlands Racetrack and Freehold
Raceway, including at off-track wagering facilities operated by Meadowlands Racetrack
and Freehold Raceway and in regards to advance deposit wagering, on thoroughbred races
and standardbred races shall be paid to overnight purses, in the following manner:
65 percent shall be paid to overnight purses for thoroughbred races and 35 percent
shall be paid to overnight purses for standardbred races; and (3) notwithstanding paragraphs (1) and (2) of this subsection, all monies derived
from fixed odds wagering by any internet sports pool operator or casino operator on
thoroughbred races shall be paid to overnight purses for thoroughbred races and all
monies derived from fixed odds wagering by any internet sports pool operator or casino
operator on standardbred races shall be paid to overnight purses for standardbred
races. c. The formula for allocating overnight purse monies from fixed odds wagering to overnight
purses set forth in this section may only 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. d. Notwithstanding the foregoing, the sum derived from fixed odds wagering on standardbred
races pursuant to subsection b. of section 12 of P.L.2021, c. 193 ( C.5:5-201 ) 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 fixed odds wagering on thoroughbred
races pursuant to subsection b. of section 12 of P.L.2021, c. 193 ( C.5:5-201 ) 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 § 5:5-202
What does New Jersey Statutes § 5:5-202 cover?
Section 5:5-202 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 § 5:5-202?
A common citation format is "New Jersey Statutes § 5:5-202" (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 § 5:5-202 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.