This bill amends New Jersey's laws concerning horse racing and off-track wagering by introducing several key changes aimed at enhancing operational efficiency and accessibility. It allows for the automatic renewal of off-track wagering licenses upon the submission of renewal forms and payment of fees, with a minimum validity of one year. The bill also reduces the required number of annual thoroughbred races from 50 to 25, contingent upon obtaining consent from the New Jersey Thoroughbred Horsemen's Association. Additionally, it modifies operational requirements for simulcasting facilities, permitting them to accept advance wagers without needing to display live race video, and shortens the timeframe for unclaimed cash vouchers to lapse from three years to one year, with the proceeds being shared between the permitholder and the purse account.

Moreover, the bill revises the eligibility and licensing process for horsemen's organizations, stipulating that those who do not establish an off-track wagering facility within a year of receiving allocated funds will lose their eligibility. It also removes certain bidding requirements for off-track wagering licenses and allows the racing commission to set reasonable renewal fees. The commission retains the authority to revoke or suspend licenses for noncompliance with operational standards. Overall, these amendments aim to streamline the licensing process and improve the operational framework for off-track wagering facilities in New Jersey.

Statutes affected:
Introduced: 5:5-22.2, 5:5-129, 5:5-130, 5:5-131, 5:5-134, 5:5-156