Permits wagering by business entities with horse racing and sports pool operators.

S 2419 permits business entities (like corporations, LLCs, or partnerships) to place wagers with New Jersey horse racing and sports pool operators. It requires these businesses to disclose all equity owners, directors, managers, and authorized individuals (over 21) and submit formation documents and financial records to operators. Businesses must maintain wagering records, use in-state bank accounts for funds, and allow regulatory review. The bill explicitly excludes casino game wagering and imposes penalties including up to 10 years in prison for violations. This would allow pooled betting similar to mutual funds, where business investors share profits or losses based on their ownership stake.