Bill
Bill > A613
NJ A613
NJ A613Permits 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.
summary
Introduced
01/14/2020
01/14/2020
In Committee
01/14/2020
01/14/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
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.
AI Summary
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. Revenue generated by the video lottery terminals would be deposited into a newly created "Video Lottery Terminal Fund," to be used for prizes, lottery expenses, and administrative expenses. Of the remaining revenue, 1/3 would be transferred to the "Horse Racing Special Fund" for the horse racing industry, 1/3 would be transferred to the General Fund, and 1/3 would fund State aid for education. The bill requires voter approval at a referendum before it can take effect.
Committee Categories
Business and Industry
Sponsors (6)
Ralph Caputo (D)*,
Gary Schaer (D)*,
Gordon Johnson (D),
John McKeon (D),
Annette Quijano (D),
Cleopatra Tucker (D),
Last Action
Introduced, Referred to Assembly Tourism, Gaming and the Arts Committee (on 01/14/2020)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2020/Bills/A1000/613_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A1000/613_I1.PDF |
Loading...