ASSEMBLY, No. 2610
STATE OF NEW JERSEY
221st LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2024 SESSION
Sponsored by:
Assemblyman ROBERT J. KARABINCHAK
District 18 (Middlesex)
Assemblyman CLINTON CALABRESE
District 36 (Bergen and Passaic)
Assemblyman ALEX SAUICKIE
District 12 (Burlington, Middlesex, Monmouth and Ocean)
Co-Sponsored by:
Assemblyman Clifton
SYNOPSIS
Extends annual horse racing purse subsidies through State fiscal year 2029.
CURRENT VERSION OF TEXT
As reported by the Assembly Regulated Professions Committee with
technical review.
A2610 KARABINCHAK, CALABRESE
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EXPLANATION – Matter enclosed in bold-faced brackets [thus] in the above bill is
not enacted and is intended to be omitted in the law.
Matter underlined thus is new matter.
AN ACT concerning horse racing purse subsidies and amending 1
P.L.2019, c.36. 2
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BE IT ENACTED by the Senate and General Assembly of the State 4
of New Jersey: 5
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1. Section 1 of P.L.2019, c.36 (C.5:5-99.1) is amended to read 7
as follows: 8
1. There shall be appropriated out of the General Fund of the 9
State in the current fiscal year 2019 and in each of the [four] ten 10
fiscal years thereafter $20,000,000 annually to the New Jersey 11
Racing Commission to be used for horse racing purse subsidies. 12
These amounts shall be allocated by the New Jersey Racing 13
Commission equally between the thoroughbred industry and the 14
standardbred industry. Of the funds allocated to the thoroughbred 15
industry, 100 percent shall be allocated to Monmouth Park 16
overnight purses. Of the funds allocated to the standardbred 17
industry, 60 percent shall be allocated to Meadowlands overnight 18
purses; 16 percent to Freehold overnight purses; 12 percent to the 19
New Jersey Sire Stakes purses; 6 percent to purse bonuses for New 20
Jersey sired horses; and 6 percent for breeders awards purses. 21
(cf: P.L.2019, c.36, s.1) 22
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2. Section 4 of P.L.2019, c.36 (C.5:5-99.2) is amended to read 24
as follows: 25
4. The recipient of any funds appropriated or allocated 26
pursuant to [this act,] P.L.2019, c.36 (C.5:5-99.1 et al.) , as 27
amended, as a condition of receiving any such funds in the 28
subsequent fiscal year thereafter, shall file an annual report with the 29
Governor, the Legislature, pursuant to section 2 of P.L.1991, c.164 30
(C.52:14-19.1), and the New Jersey Racing Commission that 31
documents the purposes for which those funds were used and the 32
amounts allocated for those purposes. Each annual report shall 33
include, but not be limited to, the following information: impact on 34
the handle/total amount bet; impact on the total number of horses in 35
the races; impact on the number of New Jersey bred horses in the 36
races; impact on the number of New Jersey bred horses winning 37
races; number of brood mares in New Jersey; number of New Jersey 38
bred foals born; and any impact on the New Jersey Sire Stakes 39
program. Each annual report shall also include a comparison for 40
each fiscal year during which funds are received with each of the 41
five years immediately preceding the first year in which funds are 42
received of the number of races held each year, the number of 43
horses in each race, the number of bets placed on horse races, the 44
number of horses aged four years or younger stabled for a majority 45
A2610 KARABINCHAK, CALABRESE
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of the year in New Jersey, and gate attendance and revenue at each 1
racetrack. The Legislature may choose not to appropriate the 2
amounts provided by section 1 of P.L.2019, c.36 (C.5:5-99.1) , as 3
amended, if it determines, based on a review of the reports filed 4
pursuant to this section, that receipt of these funds has not 5
substantially improved the racing industry in New Jersey. If the 6
Legislature chooses to appropriate the amounts provided by section 7
1 of P.L.2019, c.36 (C.5:5-99.1) , as amended, it shall first pass a 8
concurrent resolution stating that the reports have been reviewed 9
and are satisfactory to the Legislature. 10
(cf: P.L.2019, c.36, s.4) 11
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3. This act shall take effect immediately. 13