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 after covering prizes and operating expenses, funds will be directed to various purposes, including 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, the amendment clarifies that the Legislature may enact laws for the licensing and regulation of wagering on horse races and bingo games conducted by nonprofit associations. It also introduces provisions for authorized gaming operators to conduct sports wagering within licensed racetrack enclosures, allowing wagers to be placed via mobile or electronic platforms as long as the individual is located within Nebraska at the time of the wager. The proposed amendment will be presented to voters in the November 2026 general election for approval or rejection.