N.J. Admin. Code § 13:70-29.66

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

Section 13:70-29.66 - Requirements under which permitholders may request Racing Commission approval for new pari-mutuel wagers

(a) The Racing Commission may approve or disapprove, at a public meeting, applications from permitholders for new forms of pari-mutuel wagering consistent with the best interests of racing. All applications must be filed with the Racing Commission on a form provided by the Racing Commission a minimum of 30 days prior to a scheduled public meeting and must include the following items before it will be considered by the Racing Commission:

1. A detailed description of the proposed wager along with the permitholder's rules of the wager including, but not limited to, the following:

i. The minimum dollar amount of the wager;

ii. The minimum number of starters;

iii. Carry-over provisions, if any;

iv. The method of pool distribution; and

v. A description of all contingencies, including how the wager is handled in the event of a scratch, dead heat, race cancellation or change of surface, etc;

2. The application shall describe the provisions that will be implemented by the permitholder to notify the public of the new wager and of the permitholder's rules of the wager, as well as when the wager will be offered, provided it is approved by the Racing Commission; and

3. The application shall include a certification from the totalisator company confirming the wager has been successfully programmed, tested and conforms with the permitholder's rules of the wager in all respects.

N.J. Admin. Code § 13:70-29.66

New Rule, R.2007 d.112, effective 4/16/2007.
See: 39 N.J.R. 24(a), 39 N.J.R. 1488(b).