The proposed constitutional amendment aims to modify Article III, section 24 of the Nebraska Constitution regarding the regulation of games of chance, lotteries, and gift enterprises. It seeks to allow the Nebraska Legislature to authorize and regulate a state lottery, with specific provisions for the allocation of proceeds. The amendment stipulates that a portion of the lottery revenue will be directed towards the Compulsive Gamblers Assistance Fund, the Nebraska Environmental Trust Fund, education, and the Nebraska State Fair Board, contingent upon matching funds from the most populous city in the county where the fair is located. Additionally, it clarifies that the Legislature must approve the types of lottery games conducted.

Furthermore, the amendment includes provisions for the licensing and regulation of wagering on horse races and bingo games conducted by nonprofit associations. It also allows authorized gaming operators to conduct sports wagering within licensed racetrack enclosures, including the option for mobile or electronic betting, provided that the individual placing the wager is located within Nebraska at the time of the bet. The proposed amendment will be presented to voters in the November 2026 general election, with a ballot indicating support or opposition to the changes.