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

This bill would automatically renew off-track wagering licenses without requiring commission approval, as long as licensees file renewal forms and pay applicable fees. It reduces the minimum required number of annual thoroughbred races from 50 to 25 at Meadowlands Racetrack and Monmouth Park, with consent from the New Jersey Thoroughbred Horsemen's Association. The bill also shortens the timeframe for unclaimed cash vouchers from three years to one year, with the value split equally between the facility and the purse account. These changes primarily affect off-track wagering licensees, horse racing facilities, and the New Jersey Racing Commission.