Assemblyman Ron Dancer has introduced legislation that will
help bolster the state’s horse racing and casino industries while creating
a new and sustainable source of funding for open space preservation without
raising taxes or diverting existing revenues.
Dancer’s bill, A-3194, authorizes slot machine gambling to
be conducted at horse racetracks in a mutually beneficial agreement with
the casinos (racinos) that dedicates the state’s share of revenues for open
space preservation.
“This is hitting the Trifecta with three winners:
tracks, casinos and open space,” said Dancer, R-Ocean, Burlington, Middlesex
and Monmouth.
“Slot machines at the state's racetracks will capture
the flow of people leaving New Jersey for the neighboring racinos in NY, PA,
and Delaware and increase revenues for the tracks and casinos,” said Dancer.
“On top of that, the slots will provide a much-needed source of funds from the
state's share to protect open space from development, while providing funds to
develop parks.”
Implementation of the bill will require an amendment to the
State Constitution, and Asm. Dancer has introduced ACR-152 that proposes the
amendment allowing the Legislative action specified in A-3194.
“The horse racing and casino industry have been fighting
declining revenues and attendance for years, and the state needs sustainable
funding for open space preservation. The extension of casino slots to the
tracks is a painless way to stabilize the economics of our racetracks, casinos
and conserve New Jersey’s dwindling supply of undeveloped land, without placing
a burden on taxpayers.”
