New Jersey Assembly Bill A395

New Jersey 2022-2023 Regular Session

• Introduced: 1/11/22
• Refer: 1/11/22

Caption

Permits State Lottery Commission to authorize video lottery terminals at Meadowlands horse racetrack, subject to voter approval.

Impact

The establishment of video lottery terminals is anticipated to significantly benefit the state financially by generating new revenues. All proceeds from these terminals will be deposited into a newly created 'Video Lottery Terminal Fund.' These funds are earmarked for various expenses including payments to winners, operational costs of the Lottery division, and transfers to a 'Horse Racing Special Fund' aimed at supporting the horse racing industry. Additionally, the New Jersey Sports and Exposition Authority will be involved in the oversight and development of the facility where these terminals will be located.

Summary

A395 is a bill that permits the State Lottery Commission to authorize video lottery terminals at the Meadowlands horse racetrack, contingent upon voter approval. This legislation seeks to establish a new method for generating state revenue through the introduction of lottery games using video lottery terminals in a facility specifically located at the racetrack. If approved, the project will utilize existing infrastructure in the Meadowlands complex, facilitating its rapid deployment and setup.

Contention

Notably, the bill's implementation requires voter approval in the upcoming general election, which may present challenges depending on public sentiment toward gambling expansion in the state. Opponents may voice concerns over gambling addiction and the social implications of increased gambling accessibility, while proponents argue for the economic necessity and potential job creation associated with the project. The bill also repeals previous legislation that may conflict with its provisions, indicating a clear shift in state policy towards regulating and expanding lottery-related activities.