Bill > A4356

This bill modifies the minimum number of thoroughbred horse racing dates required annually for permit holders at Monmouth Park and Meadowlands Racetrack. Currently, these tracks must hold at least 141 thoroughbred race dates to keep their permits, though they can reduce this to 50 with consent from the New Jersey Thoroughbred Horsemen's Association, a group representing horse owners and trainers. This bill allows for a further reduction to 25 thoroughbred race dates under two conditions: either if the State stops providing its required $10 million annual subsidy for thoroughbred racing purses, or if the New Jersey Thoroughbred Horsemen's Association gives its written consent. Additionally, if the State provides less than the full $10 million subsidy but more than $5 million, the tracks can reduce the number of thoroughbred races to 40. The bill also mentions that the State currently subsidizes horse racing purses with $20 million annually, with half of that going to thoroughbred races, and that the referenced subsidy for the thoroughbred industry is established by a specific law (P.L.2019, c.36).

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https://www.njleg.state.nj.us/bill-search/2026/A4356