Is it time for the Biennial Push For Expanded Legalized Gambling again? Yes, I suppose it is.
Sens. Rodney Ellis, D-Houston, and John Carona, R-Dallas, on today will tout a proposed constitutional amendment that would legalize resort casinos in Texas and allow video lottery terminals -- VLTs, or slot machines -- at existing racetracks.
An estimated $3.5 billion to $4 billion would be generated annually, with plans for $1 billion of that to be dedicated to TEXAS Grants and other higher education financial aid programs, according to Ellis' office.
Ellis and Carona will discuss details of Senate Joint Resolution 45 and Senate Bill 1359 at a news conference today. The proposed amendment would require approval of two-thirds of the Legislature before going on a statewide ballot for consideration.
Although the number of casinos could change, the proposal would allow seven in urban areas, two on islands in the Gulf and three whose location would be determined by a new Texas Gaming Commission. It would allow VLTs at eight racetracks, five horse tracks and three dog tracks.