New Jersey Statutes
§ 5:5-162 — Purpose of compact.
New Jersey § 5:5-162
JurisdictionNew Jersey
Title 5AMUSEMENTS, PUBLIC EXHIBITIONS AND MEETINGS
This text of New Jersey § 5:5-162 (Purpose of compact.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.J. Stat. Ann. § 5:5-162 (2026).
Text
2.Purpose. The purpose of this compact is to: a. Establish uniform requirements among the party states for the licensing of participants in live racing with parimutuel wagering, and ensure that all such participants who are licensed pursuant to this compact meet and maintain a uniform standard of honesty and integrity.
b.Facilitate the growth of the parimutuel racing industry in each party state and nationwide by simplifying the process for licensing participants in live racing, and reduce the duplicative and costly process of separate licensing by the regulatory agency in each state that conducts live racing with parimutuel wagering.
c.Authorize the New Jersey Racing Commission to participate in this compact.
d.Provide for participation in this compact by officials of the party states
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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 poolsCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 5:5-162, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/5/5%3A5-162.