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TX SJR16
Joint Resolution
Status
11/12/2024
Primary Sponsor
Carol Alvarado
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AI Summary
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Authorizes casino gaming at seven destination resorts in five Texas metropolitan statistical areas: two each in Dallas-Fort Worth and Houston, and one each in San Antonio, Corpus Christi, and McAllen-Edinburg-Mission
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Creates the Texas Gaming Commission, a five-member body appointed by the governor to six-year terms, with authority to regulate casino gaming and sports wagering statewide
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Requires minimum new development investments for casino licenses: $2 billion for Dallas-Fort Worth and Houston area resorts, $1 billion for San Antonio, and $250 million for Corpus Christi and McAllen areas, with no state or local public funds permitted
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Imposes a 15% tax on gross casino gaming revenue, a sports wagering tax set by the legislature, and application fees ranging from $500,000 to $2.5 million depending on location
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Limits initial casino license eligibility to existing racetrack associations holding pari-mutuel licenses as of January 1, 2024, or their designees, and caps ownership interest to no more than two casino license holders per person
Legislative Description
Proposing a constitutional amendment to foster economic development and job growth, provide tax relief and funding for education and public safety programs, and reform and support the horse racing industry by authorizing casino gaming at destination resorts, authorizing sports wagering, and creating the Texas Gaming Commission to regulate casino gaming and sports wagering; requiring a license to conduct casino gaming; requiring the imposition of a casino gaming tax, sports wagering tax, and license application fees.
State Finances
Last Action
Referred to State Affairs
2/3/2025