Bill > SCR13

This Concurrent Resolution proposes a constitutional amendment that would grant the State Legislature the authority to permit slot machine gambling at horse racetracks, a type of gambling currently restricted to Atlantic City casinos. If approved by voters, the revenue generated from these new slot machines would be specifically allocated: 60% would support the State's defined benefit retirement systems for public employees or pay for pension obligation bonds, 30% would go to a group of Atlantic City casinos, 7% would fund improvements and recovery efforts in Atlantic City, and 3% would assist horse racing organizations. The resolution also outlines specific eligibility requirements for initial licenses to operate these slot machines at racetracks, linking them to existing casino licenses.