Provides for automatic renewal of off-track wagering licenses.*

This bill provides for automatic renewal of off-track wagering licenses in New Jersey, meaning licensees will automatically receive renewal without additional application steps as long as they file required forms and pay fees. It reduces the minimum number of annual thoroughbred races required at Meadowlands Racetrack and Monmouth Park from 50 to 25, with consent from the New Jersey Thoroughbred Horsemen's Association. The bill also changes the timeframe for unclaimed cash vouchers from three years to one year, with the value split equally between the permitholder and purse account at the location of purchase. Additionally, it removes restrictions on when simulcasting facilities can accept future wagers, allowing them to accept such wagers anytime the facility is open to the public.