Bill
Bill > A4663
NJ A4663
NJ A4663Modifies certain operating requirements for simulcasting facilities; reduces minimum number of required annual thoroughbred races from 50 to 25.
summary
Introduced
06/25/2024
06/25/2024
In Committee
06/25/2024
06/25/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill removes the limitations on when a simulcasting facility can accept future wagers on horse races that the facility will not be receiving a simulcast transmission of, or displaying. The facility will be allowed to accept wagers on future races any time the facility is open to the public. The bill also reduces the timeframe required for unpaid cash vouchers to lapse from three years to one year. The cash value of the lapsed voucher is divided equally between the permitholder at the location where the voucher was purchased and the purse account at the same location. Finally, the bill reduces the number of thoroughbred races required to be held annually at the Meadowlands Racetrack and Monmouth Park from 50 to 25, with the written consent of the New Jersey Thoroughbred Horsemen's Association.
AI Summary
This bill removes the limitations on when a simulcasting facility can accept future wagers on horse races that the facility will not be receiving a simulcast transmission of or displaying. It also reduces the timeframe required for unpaid cash vouchers to lapse from three years to one year, with the cash value being divided equally between the permitholder at the location where the voucher was purchased and the purse account at the same location. Finally, the bill reduces the number of thoroughbred races required to be held annually at the Meadowlands Racetrack and Monmouth Park from 50 to 25, with the written consent of the New Jersey Thoroughbred Horsemen's Association.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Tourism, Gaming and the Arts Committee (on 06/25/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A4663 |
| BillText | https://pub.njleg.gov/Bills/2024/A5000/4663_I1.HTM |
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