NJ A2610

Extends the $20 million annual appropriation from the State General Fund to the New Jersey Racing Commission for horse racing purse subsidies through fiscal year 2029 (originally set to expire after 10 years from fiscal year 2019)

Allocates funds equally between thoroughbred and standardbred industries, with 100% of thoroughbred funds going to Monmouth Park overnight purses

Distributes standardbred industry funds as follows: 60% to Meadowlands overnight purses, 16% to Freehold overnight purses, 12% to New Jersey Sire Stakes purses, 6% to purse bonuses for New Jersey sired horses, and 6% for breeders awards purses

Requires recipients to file annual reports documenting fund usage, including data on betting handle, race entries, New Jersey bred horses, brood mares, foals born, and comparisons with the five years prior to receiving funds

Legislature must pass a concurrent resolution confirming satisfactory review of the reports before appropriating funds each year