The resolution proposes a constitutional amendment to authorize casino gaming at destination resorts and sports wagering in Texas, aiming to stimulate economic development and job growth. It establishes the Texas Gaming Commission to regulate these activities, requiring licenses for casino operations and imposing a 15% tax on gross casino gaming revenue and a tax on sports wagering revenue. The resolution emphasizes that the decision to allow casino gaming should be made by qualified voters and mandates strict regulations to ensure that gaming serves the public interest, particularly in areas where previous pari-mutuel wagering has been approved.
Furthermore, the resolution outlines specific requirements for casino licenses, including substantial investment commitments for developing destination resorts in designated metropolitan areas. It seeks to revitalize the horse racing industry and allocate tax revenue to support education and public safety programs. The amendment prohibits the use of public funds for the development or operation of these resorts and sets financial requirements for applicants and license holders. The proposed amendment will be presented to voters on November 4, 2025, allowing them to decide on these measures designed to enhance the state's economy and public welfare.