N.J. Admin. Code § 13:74-1.3

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

Section 13:74-1.3 - Horsemen's organizations

(a) A horsemen's organization that holds a permit to conduct a race meeting at a racetrack in New Jersey shall make application for an initial off-track wagering license in its capacity as permit holder pursuant to N.J.A.C. 13:74-2.1. A horsemen's organization that acquired the right pursuant to N.J.S.A. 5:5-130.b(1) to seek licensure of an off-track wagering facility no longer part of a permit holder's share that does not hold a permit to conduct a horse race meeting at a New Jersey racetrack shall make application for an initial off-track wagering license in accordance with N.J.A.C. 13:74-2.2.

(b) Renewal of the initial off-track wagering license shall be sought pursuant to N.J.A.C. 13:74-2.3.

(c) A horsemen's organization that holds a permit to conduct a race meeting at a racetrack in New Jersey shall be subject to the progress benchmarks in N.J.A.C. 13:74-2.4applicable to permit holders. A horsemen's organization that acquired the right to seek licensure of an off-track wagering facility that is no longer part of a permit holder's share shall be subject to the progress benchmarks in N.J.A.C. 13:74-2.5.

(d) If a horsemen's organization that holds a permit to conduct a race meet at a New Jersey racetrack fails to retain its rights to any unopened off-track wagering facilities originally within its share, those off-track wagering facilities shall be forfeited and made available to the other horsemen's organizations within this State pursuant to N.J.A.C. 13:74-2.4(d). If the other horsemen's organizations do not file an application to obtain a license for the off-track wagering facilities in accordance with N.J.A.C. 13:74-2.2, the off-track wagering facilities shall be made available to be established by a well-suited entity.

N.J. Admin. Code § 13:74-1.3

Amended by 51 N.J.R. 1769(a), effective 12/2/2019