Nebraska Legislature Bill LB311

Nebraska 2023-2024 Regular Session

• Introduced: 1/11/23
• Refer: 1/13/23
• Failed: 4/18/24

Caption

Change dates related to the required market analysis and socioeconomic-impact studies under the Nebraska Racetrack Gaming Act

Impact

If enacted, LB311 would require stricter adherence to market analysis and socioeconomic-impact assessments in relation to gaming activities in Nebraska. This could lead to a more cautious and informed approach when considering the establishment or expansion of racetrack gaming facilities. The bill reflects a shift towards prioritizing comprehensive data evaluation to ensure that the impacts of gaming on local economies and communities are well understood and addressed. Advocates believe that these measures will foster transparency and accountability in the gaming regulatory process.

Summary

LB311 aims to amend certain provisions of the Nebraska Racetrack Gaming Act, specifically focusing on the required market analysis and socioeconomic-impact studies. The bill is intended to enhance the regulatory framework surrounding gaming operations in Nebraska by ensuring that the market conditions and socioeconomic implications of such operations are thoroughly evaluated before new approvals or expansions occur. Supporters of LB311 argue that conducting these studies is crucial for sustainable growth within the gaming industry and for protecting community interests.

Contention

Despite support, there are points of contention surrounding LB311. Opponents might argue that the additional requirements for market analysis and socioeconomic studies could create delays in the approval process for new gaming operations. Some stakeholders believe that the regulations may deter investment in the gaming sector, impacting job creation and economic growth in areas that could benefit from such developments. Critics may advocate for a balance between careful evaluation and the need for timely decision-making to foster a competitive gaming market.