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

This bill allows business entities (like corporations or LLCs) to place wagers through horse racing and sports pool operators in New Jersey. It requires businesses to disclose all owners, officers, and designated individuals (those authorized to place bets) to operators, provide business formation documents, and maintain financial records in-state. Businesses must also submit updated information within five business days if details change. The law prohibits undisclosed payments or wagering using unreported funds, with oversight by the Casino Control Commission and Racing Commission.