TRENTON – Casinos in New Jersey can negotiate to simulcast bigger and more popular horse races hosted by out-of-state racetracks, according to a bill that passed in the Assembly today by a 77-0 vote.
Existing law limits the amount a casino may pay an out-of-state racetrack for transmission of a simulcast horse race to no more than 3.5 percent of the betting pool on each race or, in the case of not more than 28 races per calendar year and for races run annually at the Breeders’ Cup World Cup Championships, 6 percent of the betting pool on each race.
This bill would allow a casino and an out-of-state racetrack to negotiate a higher percentage. Under the bill, the rates would increase from 3.5 percent to 6 percent, and from 6 percent to 9 percent – essentially allowing the casino and out-of-state racetrack to negotiate to simulcast larger races.
Under the bill, 55 percent of the money gambled would remain at the casino, while 45 percent would go to the host racetrack.
Assemblyman John Burzichelli (D-3), West Deptford, is the sponsor of the bill, A1531, which was substituted with S1025.