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A JOINT RESOLUTION
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proposing a constitutional amendment authorizing the legislature |
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to legalize wagering in this state on certain sporting events and |
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requiring the legislature to dedicate to property tax relief at |
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least 98 percent of the net state tax revenue generated from the |
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wagering on sporting events. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 47, Article III, Texas Constitution, is |
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amended by amending Subsection (a) and adding Subsections (f) and |
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(g) to read as follows: |
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(a) The Legislature shall pass laws prohibiting lotteries |
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and gift enterprises in this State other than those authorized by |
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Subsections (b), (d), (d-1), [and] (e), (f), and (g) of this |
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section. |
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(f) The legislature by law may authorize and regulate the |
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placing of wagers on sporting events. A law enacted under this |
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subsection may authorize the conduct of sports wagering only by: |
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(1) a sports team, as defined by general law; |
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(2) a sports organization that held in this state |
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before January 1, 2023, sanctioned annual professional golf |
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tournaments as part of a national tour of professional golfers; |
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(3) a class 1 horse racetrack in operation on January |
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1, 2023; |
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(4) a racetrack that: |
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(A) existed and operated before January 1, 2000; |
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and |
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(B) annually hosted National Association for |
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Stock Car Auto Racing Cup Series events for at least 20 years |
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preceding May 1, 2023; or |
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(5) a designee of an entity described by Subdivisions |
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(1)-(4) of this subsection. |
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(g) A law enacted under Subsection (f) of this section must |
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dedicate to property tax relief at least 98 percent of the net state |
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tax revenue generated from wagering on sports events. |
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SECTION 2. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 7, 2023. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment authorizing the |
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legislature to legalize wagering in this state on certain sporting |
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events and requiring the legislature to dedicate to property tax |
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relief at least 98 percent of the net state tax revenue generated |
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from the wagering on sporting events." |