Bill > SCR27

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 revenues 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 in the state. The resolution also outlines specific eligibility requirements for initial licenses to operate these slot machines at racetracks, linking them to existing casino ownership.