Bill > SCR16

This Concurrent Resolution proposes a constitutional amendment that would grant the Legislature the authority to permit slot machine gambling at horse racetracks, a move that currently requires voter approval for any new form of gambling. If approved by voters, the revenue generated from these 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 casinos in Atlantic City based on their investment in the city, 7% would fund programs aimed at improving Atlantic City, and 3% would be used to support horse racing. The resolution also outlines specific eligibility requirements for initial licenses to operate these slot machines, linking them to existing casino operations in Atlantic City.