Modifies certain operating requirements for simulcasting facilities; reduces minimum number of required annual thoroughbred races from 50 to 25.

This bill reduces the minimum required annual thoroughbred races for Monmouth Park and Meadowlands Racetrack from 50 to 25, with written consent from the New Jersey Thoroughbred Horsemen's Association. It also shortens the time for unclaimed cash vouchers to lapse from three years to one year, with half the value going to the racetrack and half to the purse fund. Additionally, it allows simulcasting facilities to accept future wagers on races they don't broadcast anytime they're open, removing previous time restrictions. These changes directly affect racetrack operators, simulcasting facilities, and horse racing associations in New Jersey.