Permits persons at horse racetracks and off-track wagering facilities to place wagers on previously-recorded live horse races.

This bill allows horse racetracks and off-track wagering facilities in New Jersey to accept bets on recorded horse races that don’t reveal specific details like the race date, course, or horse names. It authorizes the Racing Commission to regulate this system, including setting a 20% wagering fee (with 62% going to operators) and a 1.5% excise tax. The tax revenue funds state retirement systems (1.2%), the Racing Commission (0.1%), and equine programs (0.1% for drug testing, 0.05% for Rutgers’ Equine Science Center). It applies only to previously-recorded races, not live or simulcast events, and prohibits wagering on simulated races.