N.J. Admin. Code § 13:74-8.7

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:74-8.7 - Agreements with sending tracks

(a) Agreements between the off-track wagering licensee and a sending track, or between the account wagering licensee and a host track upon which account wagers are to be taken, shall be in writing and shall be filed with the Commission. Nothing contained herein shall preclude such an agreement from being incorporated into or being part of another agreement, including an agreement between a permit holder and a sending track concerning simulcasting or other matters.

(b) Every agreement between an off-track wagering licensee and a sending track, or between the account wagering licensee and a host track upon which account wagers are to be taken shall, in a manner consistent with the provisions of the Act and this Chapter, define and provide for the distribution of outstanding pari-mutuel tickets, and define and provide for the allocation of losses in the event of a minus pari-mutuel pool. Every such agreement shall also provide for manual merging in the event of a systems or communications failure and shall further set forth a procedure, acceptable to the Commission, which shall be followed in the event that the manual merging procedure is not followed.