The proposed resolution seeks to amend the New Jersey Constitution to allow the Legislature to establish casino gaming at Monmouth Park Racetrack and Meadowlands Racetrack. This amendment would enable the Legislature to determine the specific types, restrictions, and regulations governing these casino operations. Additionally, it outlines the allocation of state revenues generated from these casinos, specifying that 45% would go towards property tax reductions, 20% for extraordinary special education aid, 10% for state pension systems, 10% for cost-of-living adjustments for retired state employees, 10% for supporting Atlantic City tourism, and 5% for the harness racing industry.

If approved, the amendment will be presented to voters in a general election, with the results determining its adoption. The resolution emphasizes that the establishment of casino games at these racetracks is contingent upon legislative action, which will define the operational framework and tax structures for the casino activities. The amendment aims to enhance state revenue while providing targeted funding for various public services and initiatives.