Honorable Todd Hunter, Chair, House Committee on State Affairs
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HJR155 by Geren (proposing a constitutional amendment to foster economic development and job growth, provide tax relief and funding for education and public safety programs, support the horse racing industry, and reform horse racing and greyhound racing by authorizing casino gaming at destination resorts, authorizing sports wagering, authorizing Tribal-State compacts with federally recognized Indian tribes, and creating the Texas Gaming Commission to regulate casino gaming and sports wagering; requiring a license to conduct casino gaming; and requiring the imposition of a casino gaming tax, sports wagering tax, and license application fees.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated, other than the cost of publication.
The cost to the state for publication of the resolution is $204,406.
The resolution would propose an amendment to Article III of the Texas Constitution (Legislative Department) to add Section 47a, to provide for casino gaming and wagering on sporting events.
The amendment would require the legislature to establish the Texas Gaming Commission and authorize issuance of eight Class I casino gaming licenses for resort destinations in certain metropolitan statistical areas of the state.
The amendment would require that a federally recognized Indian tribe be allowed to operate slot machines or casino gaming on its Indian land, subject to agreement or law and require the governor to negotiate a Tribal state compact as prescribed by law.
The amendment would allow the legislature by general law to authorize and regulate the placing of wagers on sporting events.
The amendment would require minimum investment commitments for destination resorts as a condition for a Class I casino gaming license and provide for other criteria to be considered for the issuance of a Class I license.
The amendment would require the Legislature, by general law, to impose tax at a rate of 15 percent of gross gaming revenue.
The proposed constitutional amendment would be submitted to voters at an election to be held November 7, 2023.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
304 Comptroller of Public Accounts, 362 Texas Lottery Commission, 476 Racing Commission