TRENTON – Legislation sponsored by Senator Richard J. Codey (D-Essex) that will assist racetracks by allowing them to handle a greater variety of wagers was signed into law today.
The first bill, S-2229, will allow racetracks to combine all wagers placed on the results of one or more runnings or harness horse races into a single pari-mutuel pool. By creating larger pari-mutuel pools, racetracks can handle a greater variety of wagers and reduce the adverse effect of large pay-outs to the racetrack’s bottom line.