This bill modifies the operating requirements for simulcasting facilities in New Jersey by allowing them to accept future wagers on horse races without needing to receive a simulcast transmission or display live video of the races, as long as the facility is open to the public. Additionally, it reduces the timeframe for unclaimed cash vouchers to be paid out from three years to one year, with the proceeds split equally between the permitholder and the purse account at the location where the voucher was purchased.

Furthermore, the bill decreases the minimum number of required annual thoroughbred races at Monmouth Park and Meadowlands Racetrack from 50 to 25, contingent upon written consent from the New Jersey Thoroughbred Horsemen's Association. These changes aim to enhance the flexibility and operational efficiency of simulcasting facilities while also addressing the financial management of cash vouchers and race scheduling.

Statutes affected:
Introduced: 5:5-22.2, 5:5-156