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

This bill reduces the minimum annual requirement for thoroughbred races at Monmouth Park and Meadowlands Racetrack from 50 to 25, effective with written consent from the New Jersey Thoroughbred Horsemen's Association. It also modifies simulcasting rules to allow facilities to accept advance wagers on races without live broadcast access when open to the public, and shortens the timeframe for unclaimed cash vouchers from three years to one year (with 50% value split between the racetrack and purse account). These changes directly affect racetrack operators and wagering facilities in New Jersey. The bill focuses on operational flexibility for horse racing venues while maintaining industry stakeholder input for the race schedule reduction.