LAW AND PUBLIC SAFETY
NEW JERSEY RACING COMMISSION
Harness Racing
Daily Double
Daily Doubles on a Single Race Day
Proposed Amendment: N.J.A.C. 13:71-27.47
Authorized By: New Jersey Racing Commission, Frank Zanzuccki,
Executive Director
Authority: N.J.S.A. 5:5-30
Calendar Reference: See Summary below for explanation of exception
to calendar requirement.
Proposal Number: PRN 2003 - 325
Submit written
comments by October 3, 2003 to:
Michael Vukcevich, Deputy Director
New Jersey Racing Commission
P.O. Box 088, 140 East Front Street
Trenton, New Jersey 08625-0088
The agency proposal follows:
Summary
The New Jersey Racing Commission (Racing Commission) is interested
in obtaining public comment regarding the proposed amendment
to N.J.A.C. 13:71-27.47, Daily Double. The proposed amendment
would eliminate subsection (a) in N.J.A.C. 13:71-27.47. Subsection
(a) now reads, “No more than two daily doubles shall be
permitted during any single race day. All other forms of this
type of wagering are prohibited.” As a result of this proposed
amendment, the remaining paragraphs letter designations to the
regulation would be revised. This amendment is being proposed
due to a notice of petition for rulemaking from the New Jersey
Sports and Exposition Authority (see 35 N.J.R. 279 (a)) and the
notice of action in that petition (see 35 N.J.R. 897 (a)).
As noted in N.J.A.C. 13:71-27.47(e), a daily double wager requires
the purchaser to pick or select the winners of each of the two
races specified for the daily
double. By eliminating subsection (a) to N.J.A.C. 13:71-27.47, the racetracks
could decide to schedule one or several daily double wagers on any single
race day, and a daily double wager could therefore be offered
in connection with
every race. In the case where a daily double wager is offered in three or
more consecutive races, the second leg of the first daily double
would act as the
first leg of the next daily double, known as “roll over” daily
double, and so forth.
As the Racing Commission has provided a 60-day comment period
on this notice of proposal, this notice is excepted from the
rulemaking calendar requirement,
pursuant to N.J.A.C. 1:30-3.3(a)5.
Social Impact
If the proposed amendment is promulgated, it will expand and
diversify the wagering opportunities for patrons to participate
in the horse racing
industry
by allowing permitholder to decide when and how many daily doubles
to offer per race card instead of being restricted to two. Currently,
neighboring
jurisdictions offer multiple daily double wagering, which in turn means
the horse patrons
in New Jersey are denied an added wagering opportunity. It is anticipated
the implementation of the amendment will increase the amount bet on
horse
racing,
and will provide a more diverse and exciting wagering environment for
horse race patrons. Historically, multi-leg race payoffs
are higher than single
horse bets. The proposed amendment will expand the recreational wagering
opportunities
and add an additional level of excitement and added profit opportunity
to patrons who find the daily doubles an attractive bet because of
the higher
payoffs
associated with it. The social impact is positive as the patron has
additional wagering opportunities, increase profit margins, increased
involvement
with the racing industry, and a more exciting wagering environment
which is currently
being enjoyed by patrons in neighboring jurisdictions.
Economic Impact
The proposed amendment will likely have a positive economic
impact on the permit holders who offer daily double wagering
because the proposed
amendment
is consistent
with the business interests of the permitted tracks. As a daily
double wager is a two horse bet, racetracks offering such wagers
receive
a greater
profit
than where wagering is on a single horse bet. This is because the
percentage of profit takeout from the wagering of multiple
horse bet is higher.
There may be costs associated with the implementation of
the expanded wagering opportunities inherent to the proposed
amendment, including
advertising
costs, but these should be minimal. In any event, any such costs
would likely be
offset as a result of the increased profit generated.
Additionally, bettors will have an opportunity to win larger
profits more frequently due to the additional daily double
pools offered
and subsequent
higher payoffs
associated with the daily double because the odds of winning
such are greater than with single horse wagers.
Federal Standards Statement
A Federal standards analysis is not required because the rules
of racing are dictated by state statute, N.J.S.A. 5:5-22
et seq., and
the proposed
amendment
is not subject to any Federal requirements or standards.
Jobs Impact
The proposed amendment will likely have no impact on the
work force in the State. No jobs will be gained or
lost due to the
proposed
amendment.
Agriculture Industry Impact
The proposed amendment will have no impact on the agriculture
industry in the State.
Regulatory Flexibility Statement
A regulatory flexibility analysis is not required
because the proposed amendment imposes no reporting,
recordkeeping
or compliance
requirements
on small businesses
as defined in the Regulatory Flexibility Act,
N.J.S.A. 52:14B-16 et seq. The track associations affected
by the amendment
are not small
businesses,
as each
employs more than 100 people full-time.
Smart Growth Impact
The proposed amendment to N.J.A.C. 13:71-27.47
is not anticipated to have an impact on
the achievement of
smart growth and
implementation of the
State Development
and Redevelopment Plan as defined under
Executive Order No. 4 (2002).
Full text of the proposal follows (additions
indicated in boldface thus, deletions
indicated in brackets
[thus]):
13:71-27.47 Daily double
[(a) No more than two daily doubles shall be permitted during
any single race day. All other forms of this type of wagering
are prohibited.]
Recodify existing (b) - (e) as (a) - (d) (No change in text.)
[(f)] (e) If the purchaser of a daily double ticket fails to
pick the winner of the first half of the daily double,
his contract is void, unless circumstances
occur as described in [(m), (n), (o) and (p)] (l), (m), (n), and (o)
below. If these conditions do not apply, then irrespective of
what happens to
the horse selected in the second half of the daily double,
there is no refund
because the patron has failed to fulfill the first half of the contract
which is to
pick the winner of the first half of the daily double.
Recodify existing (g) and (h) as (f) and (g) above.
[(i)] (h) After off-time, there shall be no refund in either
of the above cases, provided for in [(g) and (h)] (f) and
(g) above.
[(j)] (i) For the purpose of figuring the daily double,
when horses are locked in the gate they shall be considered
as having been excused
by
the stewards;
and [(g) and (h)] (f) and (g) above shall be enforced.
Recodify existing (k) - (q) as (j) - (p) (No change in text.) |