Voters in New Jersey will have the opportunity to vote on whether or not new casinos should be added within their state this November, as the measure will be on the ballot during the 2016 General Election.
The proposal would allow voters to repeal a constitutional amendment that only lets casinos be built in Atlantic City, and would allow for two new casinos to be built 72 miles away from the coastal town. The 2016 General Election will see the voters also voting for president of the United States.
Commenting on the issue New Jersey Assemblyman Ralph Caputo said, "This is a very historic day for New Jersey. In 1976, casinos were approved for Atlantic City. It was a monopoly that existed for many, many years; many people benefited. But conditions change, and when conditions change and you don't adapt, you become a dinosaur and you become extinct."
The move for additional casinos has seen a wave of approval from horse track owners, who have offered to pay higher tax rates than the Atlantic City casinos in an effort to get the sites approved.
In recent years Atlantic City's gambling revenues have flatlined, causing a lack of tax revenue throughout the state.
Casino Listings will update this story as more developments arise.