Trenton, NJ --- Bipartisan legislation sponsored by Assemblyman Ron Dancer, R-Ocean, Burlington, Middlesex and Monmouth, that allows permitholders (racetrack operators) to enter into agreements with their respective horsemen associations, such as the Standardbred Breeders and Owners Association for harness racing and with the Thoroughbred Horsemen’s Association, was signed into law by Gov. Christie on Tuesday (Jan. 21).
Under the new law (A-3489), the runners will jointly decide how to utilize a portion of their racing purses in order to promote the racing industry. The approval concurs with Gov. Christie’s recommendations and affects racing at both the New Meadowlands and Monmouth Park. The New Jersey Racing Commission is required to approve all the contractual agreements between the parties.
“Racetrack permitholders, the Standardbred Breeders and Owners Association and the Thoroughbred Horsemen’s Association have a shared interest in ensuring the success of horse racing in New Jersey,” said Dancer, who has sponsored many pieces of bipartisan legislation designed to help make horse racing sustainable in the state. “This bill provides an opportunity to preserve and enhance the sport of horse racing and will lead to greater fan interest and wagering. The contractual requirement that stipulates all sides must agree as to the means of how this goal will be achieved, along with the oversight by the racing commission, are important components of the bill.”
The amount of the racing purses, which is specified by statute, would not be affected. Also, any agreement would not be permitted to reduce the statutorily dedicated funds for programs designed to aid the horsemen and the Standardbred Breeders and Owners Association or for the administration of a health benefits program for the horsemen.
“We are in a new era of horse racing in New Jersey. We are fortunate to have creative and talented private sector business people who love racing and believe it is viable in our state,” continued Dancer. “Giving them the flexibility to combine their skills in order to promote this sport is a sound strategy.”
Dancer’s legislation is also sponsored by Assemblymen John Burzichelli and Ralph Caputo. The identical Senate bill, S-2540, received unanimous approval in June.