The bill proposes significant changes to the laws governing off-track wagering in New Jersey, primarily focusing on the licensing process and operational requirements for off-track wagering facilities. It introduces automatic renewal for off-track wagering licenses, provided that licensees submit the necessary renewal forms and fees, while removing previous provisions that allowed for the denial of renewals. The bill also reduces the minimum number of annual thoroughbred races required from 50 to 25, contingent upon consent from the New Jersey Thoroughbred Horsemen's Association, thereby easing operational constraints. Additionally, it allows simulcasting facilities to accept advance wagers without needing a simulcast transmission or live video display, enhancing their operational flexibility.

Moreover, the bill modifies the distribution of unclaimed cash vouchers, stipulating that after one year, these vouchers will be split equally between the permitholder and the purse account at the location of purchase. It clarifies the definition of an "off-track wagering licensee" and streamlines the application process by removing certain provisions related to the bidding process and annual renewal fees, replacing them with a more flexible fee structure. The racing commission is granted authority to establish minimum standards for facilities and can revoke or suspend licenses for noncompliance. Overall, these amendments aim to simplify the licensing process while ensuring that operational standards for off-track wagering facilities are maintained.

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