On Monday April 27, 2015, New Jersey Governor Chris Christie signed a new bill. The New Jersey Casino Simulcast bill is designed as an encouragement to casinos to have full card simulcasts. The bill also protects the one casino that currently offers racebook betting. The current law limits the money any NJ casino can pay to racetracks located out of state for their signals. To get the simulcast casinos will need to pay 6% and no more than 9% on the pool for each race, where major racing events will be the higher percentage. For example a maximum of 9% may be required for the Breeders’ Cup World Championships, said a statement tied to the law. Christie signed the build so casinos can negotiate the percentage rates.
Most Atlantic City locations had full-card simulcasts, but it changed to Borgata due to many casinos closing in the city due to financial difficulties. Also the Atlantic City Race Course, which was 14 miles from the casinos, closed.
Ron Dancer, a Republican Assemblyman, said, “We only have one casino left where you can bet on and watch the horses. It is a matter of survival. For simulcasting to continue in AC, it needs to be able to show the top stakes and best horses.”