Bill > SCR41

This Concurrent Resolution proposes a constitutional amendment that would allow the State Legislature to authorize 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 go towards supporting the State's defined benefit retirement systems for public employees or paying off pension-related debt, 30% would be distributed to a group of Atlantic City casinos based on their investment in the city, 7% would fund programs aimed at improving Atlantic City, and 3% would support horse racing organizations. The resolution also outlines specific requirements for who can initially obtain licenses to operate these slot machines at racetracks, linking them to existing casino ownership.