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  • NJ A173
  • Permits State Lottery Commission to authorize video lottery terminals at Meadowlands racetrack, upon voter approval; dedicates 1/3 net proceeds to General Fund, 1/3 to State education aid, and 1/3 to horse racing industry.
Introduced
(1/27/2016)
In Committee
(1/27/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill permits the State Lottery Commission to authorize lottery games using video lottery terminals at a facility located at the Meadowlands horse racetrack. The facility for the video lottery terminal project would be developed by the New Jersey Sports and Exposition Authority. The Division of Gaming Enforcement, which has investigatory and enforcement responsibilities over casino gaming in Atlantic City, would perform similar functions over the video lottery terminal licensees and games. Revenue generated by the video lottery terminals would be deposited into a newly created "Video Lottery Terminal Fund," to be appropriated only for the payment of prizes to the winners of video lottery games, the expenses of the division of the State Lottery, the administrative expenses of the New Jersey Sports and Exposition Authority in developing the facility for the video lottery terminals, and such other necessary administrative expenses. Of the revenue amounts remaining in the fund, 1/3 would be transferred to the newly created "Horse Racing Special Fund," for the benefit of the horse racing industry, and 1/3 would be transferred into the General Fund of the State for the funding of State expenses, and 1/3 would fund State aid for education. The bill will only take effect upon approval by the voters at a referendum held at a general election.
Tourism, Gaming and the Arts
Introduced, Referred to Assembly Tourism, Gaming and the Arts Committee  (on 1/27/2016)
 
 

Date Chamber Action Description
1/27/2016 A Introduced, Referred to Assembly Tourism, Gaming and the Arts Committee
Date Motion Yea Nay Other
None specified