Proposing a constitutional amendment, to be submitted to the voters of Texas for approval, authorizing the legislature to strictly regulate and authorize casino gaming and sports wagering by general law and establishing certain requirements for such law, including establishment of a state agency with powers to regulate all lotteries and gift enterprises, imposition of a tax on casino gaming and sports wagering revenue, requiring licensing of casino gaming and sports wagering operators, and requiring license application fees.
If passed, SJR82 would amend Section 47 of Article III of the Texas Constitution. Significant changes include the creation of a licensing system for operators involved in casino gaming and sports wagering, along with a taxation scheme for their revenue capped at 15%. This revenue would be crucial for funding the newly established regulatory agency, which would hold powers akin to law enforcement regarding regulation compliance. The amendment is also designed to limit the number of licensed casino facilities to ten locations statewide, with terms for licenses extending up to 40 years.
SJR82 proposes a constitutional amendment to allow the Texas Legislature to regulate and authorize casino gaming and sports wagering. This amendment seeks to formalize the state's approach to these activities by laying out specific requirements for regulation, including the establishment of a state agency to oversee the enforcement of related laws and regulations. The bill is framed to enhance state control and oversight, creating a legal framework within which casino gaming and sports betting can operate under strict guidelines and licensing requirements.
The proposal to strictly regulate casino gaming and sports wagering is likely to stir debate among lawmakers and the public. Proponents argue that regulated gaming can generate substantial tax revenue for state initiatives and economic growth, while critics may raise concerns about gambling's social implications, such as addiction and its impact on communities. Additionally, the exclusivity of the licenses and the specific regulations may be contested, with questions about the fairness of the selection process for casino locations and operators. The bill's passage would also require voter approval in a referendum scheduled for November 4, 2025.