Bill Text: NJ A2513 | 2010-2011 | Regular Session | Introduced
Bill Title: Permits wager to be placed at racetracks or casino simulcasting facilities in advance for races not simulcast at facility under certain circumstances if race is simulcast at other facilities in the State.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2011-02-17 - Substituted by S831 [A2513 Detail]
Download: New_Jersey-2010-A2513-Introduced.html
Sponsored by:
Assemblyman JOHN F. MCKEON
District 27 (Essex)
SYNOPSIS
Permits wagers to be placed at racetracks or casino simulcasting facilities in advance for races not simulcast at facility under certain circumstances if race is simulcast at other facilities in the State.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning wagers on certain simulcast horse races and amending P.L.2006, c.19.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Section 1 of P.L.2006, c.19 (C.5:5-22.2) is amended to read as follows:
1. Notwithstanding the provisions of any other law to the contrary, the New Jersey Racing Commission, in effectuating its responsibilities under P.L.1940, c.17 (C.5:5-22 et seq.), the "Simulcasting Racing Act," P.L.1985, c.269 (C.5:5-110 et seq.), the "Off-Track and Account Wagering Act," P.L.2001, c.199 (C.5:5-127 et seq.), and the "Casino Simulcasting Act," P.L.1992, c.19 (C.5:12-191 et seq.), and under such circumstances and for such races as the commission shall deem appropriate, shall:
a. at the request of a permitholder, allow a permitholder to offer a future wager consisting of wagering on prospective entrants for specific races, with wagering conducted in advance, one or more parimutuel pools formed and closed on dates prior to the date of the race, and all wagers considered final and no refunds paid even if, for any reason, an entrant fails to participate in the race;
b. provide that the minimum wager amount that may be placed on a horse race may be $0.10 or greater;
c. provide that, after three years following the date of purchase, unclaimed cash vouchers shall be paid 50% to the permitholder at the location where purchased and 50% to the purse account at the location where purchased, provided that if the permitholder conducts both harness and thoroughbred races the purse amount shall be divided equally between the harness and thoroughbred purse accounts;
d. at the request of a permitholder or the operator of a casino simulcasting facility, allow the permitholder or the operator of a casino simulcasting facility to accept a wager in advance of a race at an in-State or out-of-State sending track under a simulcast agreement without receiving a simulcast transmission thereof or displaying live video thereof when: (1) the race is to be conducted between the hours of 11:00 PM and 11:00 AM local New Jersey time, or at such other times as the commission shall permit due to extenuating circumstances; or (2) at other times, as the commission shall permit, when a racetrack, off-track wagering facility, or casino simulcasting facility is temporarily closed due to the hosting of an event at that facility that warrants the closure of that facility for a period not to exceed 24 hours, provided that a simulcast transmission of that race is received and displayed under a simulcast transmission agreement at any other racetrack, off-track wagering facility, or casino simulcasting facility in this State; and
e. allow a permitholder to pay an amount due a winning ticketholder, notwithstanding that the ticketholder is unable to produce the actual ticket, if the permitholder is able to verify independently through electronic or other means approved by the commission that the ticketholder purchased the ticket.
(cf: P.L.2006, c.19, s.1)
2. This act shall take effect immediately.
STATEMENT
Under current law, at the request of a licensed racetrack or the operator of a casino simulcasting facility, the New Jersey Racing Commission (NJRC) may allow the racetrack or operator to accept a wager in advance of horse races to be conducted at in-State or out-of-State racetracks, without such racetrack or casino simulcasting facility receiving a simulcast transmission of the race and displaying live video of it, when the race is to be conducted between the hours of 11:00 PM and 11:00 AM local New Jersey time, or at such other times as permitted by the NJRC due to extenuating circumstances.
This bill provides that the acceptance of such wager in advance shall also be permitted by the NJRC without receiving a transmission and displaying live video when the racetrack, off-track wagering facility, or casino simulcasting facility will be temporarily closed due to the hosting of an event at that facility that warrants the closure of that facility for a period not to exceed 24 hours, provided that a simulcast transmission of that race is received and displayed under a simulcast transmission agreement at any other racetrack, off-track wagering facility, or casino simulcasting facility in this State.
