Extends annual horse racing purse subsidies through State fiscal year 2029.

This bill extends annual $20 million funding for horse racing purse subsidies through New Jersey's fiscal year 2029, replacing the prior expiration at fiscal year 2023. The funds will be split equally between thoroughbred (all to Monmouth Park overnight races) and standardbred industries (with specific allocations like 60% to Meadowlands overnight purses). Recipients must submit annual reports to the Legislature and Governor detailing how funds were used, including impacts on betting handle, horse participation, and New Jersey-bred race outcomes.