N.J. Stat. § 5:12-203
Sums wagered at a casino on races being transmitted to that casino from an out-of-State sending track shall be subject to the takeout rate determined pursuant to section 12 of this act, and the sums resulting from that takeout rate as applied to the parimutuel pool generated at the casino shall be distributed as follows, subject to the provisions of section 16 of this act:
A/B = C/D
here: A = 365 minus (a) the number of racing days in 1993, other than live racing days, prior to the commencement of casino simulcasting in Atlantic City that the Atlantic City Racetrack conducts simulcasting under the provisions of the "Simulcasting Racing Act," P.L. 1985, c.269 (C.5:5-110 et seq.) or the provisions of section 37 of P.L. 1992, c.19 (C.5:5-125), and (b) the number of live racing days conducted by the Atlantic City Racetrack in 1993;
B = 365 (the number of calendar days in 1993);
C = the amount of the parimutuel pool generated in wagering on simulcast races in 1993 of which 2% is to be paid to the New Jersey Racing Commission for payment to the Atlantic City Racetrack;
D = $100,000,000;
A/B = C/D
here: A = the gross parimutuel pool generated at each racetrack during the preceding calendar year, including the parimutuel pool on simulcast races;
B = the gross parimutuel pool generated at racetracks Statewide during the preceding calendar year, including the parimutuel pool on simulcast races;
C = the amount to be paid to each racetrack from the moneys available for distribution pursuant to this paragraph;
D = the total amount of moneys available for distribution pursuant to this paragraph;
A/B = C/D
here: A = the total amount distributed by each racetrack pursuant to section 46a.(4) of P.L. 1940, c.17 (C.5:5-66), section 2d. of P.L. 1984, c.236 (C.5:5-66.1), section 5a.(2) of P.L. 1982, c.201 (C.5:5-98), or section 7f.(1)(b) of P.L. 1971, c.137 (C.5:10-7), in the case of harness races, or section 46b.(1)(d) or 46b.(2)(d) of P.L. 1940, c.17 (C.5:5-66), section 5b.(2) of P.L. 1982, c.201 (C.5:5-98), or section 7f.(2)(b) of P.L. 1971, c.137 (C.5:10-7), in the case of running races, during the preceding calendar year, plus any additional amounts paid out by each racetrack for overnight purses during the preceding calendar year from the permit holder's share of the parimutuel pool;
B = the total amount distributed by racetracks Statewide pursuant to section 46a.(4) of P.L. 1940, c.17 (C.5:5-66), section 2d. of P.L. 1984, c.236 (C.5:5-66.1), section 5a.(2) of P.L. 1982, c.201 (C.5:5-98), and section 7f.(1)(b) of P.L. 1971, c.137 (C.5:10-7), in the case of harness races, and pursuant to section 46b.(1)(d) and 46b.(2)(d) of P.L. 1940, c.17 (C.5:5-66), section 5b.(2) of P.L. 1982, c.201 (C.5:5-98), and section 7f.(2)(b) of P.L. 1971, c.137 (C.5:10-7), in the case of running races, during the preceding calendar year, plus any additional amounts paid out by racetracks for overnight purses during the preceding calendar year from the permit holders' share of the parimutuel pool;
C = the amount to be paid to each racetrack from the moneys available for distribution pursuant to this paragraph;
D = the total amount of moneys available for distribution pursuant to this paragraph; and
In addition, all breakage moneys and outstanding parimutuel ticket moneys resulting from the wagering at the casino shall be paid to the New Jersey Racing Commission and deposited in the Casino Simulcasting Special Fund.
If a racetrack conducts both harness races and running races, the moneys the racetrack receives for payment pursuant to paragraph (2) of subsection g. above shall be distributed on the basis of the following formula:
A/B = C/D
here: A = the total amount distributed by the racetrack pursuant to section 46a.(4) of P.L. 1940, c.17 (C.5:5-66), section 2d. of P.L. 1984, c.236 (C.5:5-66.1), section 5a.(2) of P.L. 1982, c.201 (C.5:5-98), or section 7f.(1)(b) of P.L. 1971, c.137 (C.5:10-7), as appropriate, in the case of harness races, plus any additional amounts paid out by the racetrack for overnight purses for harness races during the preceding calendar year from the permit holder's share of the parimutuel pool, or pursuant to section 46b.(1)(d) or 46b.(2)(d) of P.L. 1940, c.17 (C.5:5-66), section 5b.(2) of P.L. 1982, c.201 (C.5:5-98), or section 7f.(2)(b) of P.L. 1971, c.137 (C.5:10-7), as appropriate, in the case of running races, plus any additional amounts paid out by the racetrack for overnight purses for running races during the preceding calendar year from the permit holder's share of the parimutuel pool, as the case may be;
B = the total amount distributed by the racetrack pursuant to section 46a.(4) of P.L. 1940, c.17 (C.5:5-66), section 2d. of P.L. 1984, c.236 (C.5:5-66.1), section 5a.(2) of P.L. 1982, c.201 (C.5:5-98), or section 7f.(1)(b) of P.L. 1971, c.137 (C.5:10-7), as appropriate, and pursuant to section 46b.(1)(d) or 46b.(2)(d) of P.L. 1940, c.17 (C.5:5-66), section 5b.(2) of P.L. 1982, c.201 (C.5:5-98), or section 7f.(2)(b) of P.L. 1971, c.137 (C.5:10-7), as appropriate, plus any additional amounts paid out by the racetrack for overnight purses for both harness and running races during the preceding calendar year from the permit holder's share of the parimutuel pool;
C = the amount to be paid by the racetrack for overnight purse money and for programs designed to aid horsemen and horsemen's organizations as provided in section 46a.(4) of P.L. 1940, c.17 (C.5:5-66), section 2d. of P.L. 1984, c.236 (C.5:5-66.1), section 5a.(2) of P.L. 1982, c.201 (C.5:5-98), or section 7f.(1)(b) of P.L. 1971, c.137 (C.5:10-7), in the case of harness races, and section 46b.(1)(d) or 46b.(2)(d) of P.L. 1940, c.17 (C.5:5-66), section 5b.(2) of P.L. 1982, c.201 (C.5:5-98), or section 7f.(2)(b) of P.L. 1971, c.137 (C.5:10-7), in the case of running races;
D = the total amount of moneys available to the racetrack for distribution as overnight purse money and for programs designed to aid horsemen and horsemen's organizations pursuant to this paragraph.
N.J.S. § 5:12-203