New Jersey Administrative Code › Title 13 - LAW AND PUBLIC SAFETY › Chapter 71 - HARNESS RACING › Subchapter 27 - MUTUELS › Section 13:71-27.60 - Distribution of funds derived from casino simulcasting in lieu of N.J.S.A. 5:12-203g(2)

Current through Register Vol. 56, No. 14, July 15, 2024
(a) Pursuant to
				5:12-204, the formula contained in
				N.J.S.A. 5:12-203g(2) is superseded and revised as set forth in this section to
				harness races, and as set forth in
				13:70-29.62 as to running races.
				Of that amount remaining after the deduction of the amounts under subsections
				a, b, c, d, e, f and paragraph g(1) of
				5:12-203, 43 percent shall be paid
				to the New Jersey Racing Commission and shall be distributed, in the following
				year, as provided herein, to New Jersey racetracks for payment as purse money
				and for programs designed to aid horsemen and horsemen's organizations as
				provided in section 46a(4) of P.L. 1940, c.17 (5:5-66 ), section 2d of P.L. 1984,
				c.236 (5:5-66.1 ), section 5a(2) of P.L.
				1982, c.201 (5:5-98 ), or section 7f(1)(b) of
				P.L. 1971, c.137 (5:10-7 ). This money shall be
				distributed in accord with the percentages set forth in (b) and (c) below,
				using the formula set forth in (d) below. Where a New Jersey permitholder
				conducts both running races and harness races, this section shall be applicable
				to the permitholder's harness races and
				13:70-29.62 shall be applicable to
				the permitholder's running races.
(b) Of the monies referred to in (a) above,
				and pursuant to N.J.A.C. 13:70-29.62, 60 percent of the total shall be
				distributed to permitholders conducting running races and 40 percent of the
				total shall be distributed to racetracks conducting harness races for 1998 and
				1999.
(c) Following 1999, of the
				monies referred to in (a) above, and pursuant to N.J.A.C. 13:70-29.62, 50
				percent of the total shall be distributed to permitholders conducting running
				races and 50 percent of the total shall be distributed to racetracks conducting
				harness races.
(d) The formula upon
				which the monies referred to in (a) above is to be distributed to the New
				Jersey racetracks conducting harness races, under either (b) or (c) above,
				whichever is applicable, shall be as follows:
A/B = C/D
where:
A = the total amount distributed by each racetrack conducting
				  harness racing, pursuant to section 46a(4) of P.L. 1940, c.17 (5:5-66 ), section 2d of P.L. 1984,
				  c.236 (5:5-66.1 ), section 5a(2) of P.L.
				  1982, c.201 (5:5-98 ), or section 7f(1)(b) of
				  P.L. 1971, c.137 (5:10-7 ), during the preceding
				  calendar year, plus any additional amounts paid out by each racetrack for
				  overnight purses during the preceding calendar year from the permitholders'
				  share of the pari-mutuel pool;
B = the total amount distributed by all harness racetracks
				  Statewide pursuant to section 46a(4) of P.L. 1940, c.17 (5:5-66 ), section 2d of P.L. 1984,
				  c.236 (5:5-66.1 ), section 5a(2) of P.L.
				  1982, c.201 (5:5-98 ), and section 7f(1)(b) of
				  P.L. 1971, c.137 (5:10-7 ), during the preceding
				  calendar year, plus any additional amounts paid out by racetracks for overnight
				  purses during the preceding calendar year from the permitholder's share of the
				  pari-mutuel pool;
C = the amount to be distributed to each racetrack conducting
				  harness races from the moneys available for distribution pursuant to this
				  section;
D = 40 percent (50 percent after 1999) of the total amount of
				  moneys available for distribution pursuant to this section.