Reallocates standardbred horse racing purse subsidies from Freehold Raceway to Meadowlands Racetrack under certain circumstances.

This bill reallocates $3.2 million annually (16% of standardbred industry funds) currently designated for Freehold Raceway's overnight horse racing purses to Meadowlands Racetrack whenever Freehold ceases live racing. It directly affects these two racetracks, ensuring Meadowlands receives funds during Freehold's closure (planned after 2024) and returns funds to Freehold if live racing resumes. The reallocation is automatic during periods without live racing at Freehold, per the bill's trigger condition. Other allocations - like Meadowlands' 60% share, Sire Stakes, and breeder awards - remain unchanged.