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

This bill allows racetracks and off-track wagering facilities in New Jersey to accept bets on previously-recorded live horse races (not live races) through electronic terminals, for patrons physically present at those locations. It requires the Racing Commission to set rules ensuring recordings don’t reveal race details (date, horses, etc.), maintain security, and limit takeout rates to 20% - with 62% going to the facility, 15% to purses, and 1% to breeder awards. A 1.5% excise tax on these wagers funds state retirement systems (1.2%), Racing Commission operations (0.1%), Rutgers' Equine Science Center (0.05%), and equine drug testing (0.1%). The bill directly affects racetracks, off-track facilities, bettors at those sites, and industry stakeholders receiving revenue shares.