N.J. Admin. Code § 13:47-18.19

Current through Register Vol. 56, No. 24, December 18, 2024

Section 13:47-18.19 - Distribution of winnings

The armchair race holder shall retain a percentage of the total amount wagered in each race, daily double, trifecta, quiniela and exacta. The amount remaining shall be distributed among the winners.

EXAMPLE: The total amount of imitation money wagered in a race is $400.00. The armchair race holder retains a 50 percent commission on the race, leaving $200.00 of imitation money to be distributed among the winners. Horse number 6 wins the race. Eight wagers were placed (that is, tickets were purchased) on horse number 6. The cashier divides eight into $200.00 and pays out $25.00 in imitation money for each ticket purchased.