New Jersey Statutes
§ 5:5-116 — Distribution of wagers
New Jersey·Title 5 AMUSEMENTS, PUBLIC EXHIBITIONS AND MEETINGS
7.Except as otherwise provided in sections 8 and 10 of this act, and in sections 7 and 8 of P.L.1991, c.411 (C.5:5-123 and 5:5-124) and by the rules and regulations of the commission with respect to interstate common pools, sums wagered at the receiving track shall be deposited in the appropriate parimutuel pool generated at the in-State sending track for the race being transmitted and shall be distributed pursuant to P.L.1940, c.17 (C.5:5-22 et seq.) as if such sums were wagered at the sending track. Payment to persons holding winning tickets at the receiving track shall be made according to the same odds as those generated at the in-State sending track. L.1985,c.269,s.7; amended 1991,c.411,s.2.
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Nearby Sections
15
§ 5:5-110
Short title§ 5:5-111
Definitions§ 5:5-112
Intertrack wagering license§ 5:5-113
Joint application requirements§ 5:5-114
Filing of objection§ 5:5-115
No substitution of in-State races§ 5:5-116
Distribution of wagers§ 5:5-117
Distribution of purse money.§ 5:5-118
Intertrack wagering declared lawful§ 5:5-121
Rules, regulations§ 5:5-122
Interstate common pools