New Jersey Assembly Bill ACR34

New Jersey 2022-2023 Regular Session

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

Caption

Proposes constitutional amendment to authorize Legislature to permit by law establishment and operation of casinos in certain counties.

Impact

If adopted, the amendment will considerably alter the landscape of gambling in New Jersey. It will enable the legislature to set regulations regarding the location, type of casinos, and gambling games allowed beyond Atlantic City, providing a framework for the statewide casino industry to flourish. The introduction of casinos in new areas may also invoke economic growth, increased tourism, and job creation within those counties where the new establishments would be located. Furthermore, the revenues generated from these casinos would contribute to state funds that support specific programs, including property tax relief for senior citizens and disabled residents.

Summary

ACR34 is a concurrent resolution proposing an amendment to the New Jersey Constitution that seeks to allow the state legislature to authorize the establishment and operation of casinos in two additional counties, outside of the existing monopoly held by Atlantic City. Each of these new casinos would be restricted to municipalities located at least 72 miles from Atlantic City, with the intent to diversify and expand gaming options within the state. The resolution delineates specific eligibility requirements for casino licenses, which would include significant financial commitments from applicants, with an investment of at least $1 billion required for each new casino project.

Contention

The proposal has sparked debate among lawmakers and stakeholders. Proponents argue that allowing casinos in additional counties could lead to much-needed economic revitalization in regions outside Atlantic City, reducing dependency on a single city for gambling revenue. However, critics contend that it may undermine Atlantic City's unique position as the state's sole gaming hub, potentially affecting its economic stability. There are also concerns regarding the effects this could have on local communities and on the state’s existing fiscal framework regarding gambling revenues.