STATEWIDE CASINO-TYPE GAMBLING. LEGALIZED. INITIATIVE CONSTITUTIONAL AMENDMENT AND STATUTE.

STATEWIDE CASINO-TYPE GAMBLING. LEGALIZED. INITIATIVE CONSTITUTIONAL AMENDMENT AND STATUTE. Amends Constitution and statutes to legalize, for persons eighteen years or older, all forms of Las Vegas and Atlantic City casino-type gambling, including sports wagering, slot machines and all banking and percentage games. Creates three agencies to license and regulate gambling operations: Gaming Policy Committee, Gaming Commission and Department of Gaming. Creates State Lottery Corporation to oversee State Lottery. Imposes licensing fees and gaming tax; specifies allocation of these revenues. Allows smoking and sale, service and consumption of alcoholic beverages in gaming facilities. Requires state to provide treatment for gambling addiction. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Measure could result in tax revenues to state and local governments combined of hundreds of millions of dollars annually