Archive for Tag: racetracks

Now law: Dancer bill allowing promotional gaming credit deductions

TRENTON, N.J. – Gov. Phil Murphy on Tuesday signed Assemblyman Ron Dancer’s bill allowing brick-and-mortar casino and horse racing permit holders to deduct promotional gaming credits from their non-Internet sports betting gross revenues. Dancer, a prime sponsor of the bill (A4002/S2257), said this law will help sports betting thrive...

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New law ensures live Standardbred horse racing continues in N.J.

TRENTON, N.J. – Live Standardbred horse racing, also known as harness racing, must continue at racetracks in New Jersey under a new law sponsored by Assemblyman Ron Dancer.  On Monday, the governor signed the bill (A2265/S3771) requiring Standardbred racetracks that have sports wagering licenses to hold a minimum of 151...

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Dancer’s first-in-the-nation fixed odds wagering act signed into law

TRENTON, N.J. – Assemblyman Ron Dancer’s bill allowing fixed odds wagering on in-state horse races was signed by Gov. Phil Murphy last week. Under the new law (A4909/S3090), New Jersey’s racetracks are permitted to expand the type of bets they accept from pari-mutuel to fixed odds to attract more...

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Dancer bill extending time to collect horse race winnings passes Assembly

TRENTON, N.J. – Accounting for the impact of Covid-19 on horse racing tracks, the Assembly advanced Assemblyman Ron Dancer’s bill extending the time to cash in winning parimutuel tickets to a year, rather than six months. Parimutuel is the type of wagering done at New Jersey’s racetracks, in which...

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