A state senator from New Jersey has put forth a bill that could facilitate casino gaming at two prominent racetracks in North Jersey, signaling a possible transformation of the state’s gambling industry amidst escalating competition and evolving market dynamics.
Earlier this month, Senator Vin Gopal introduced an amendment to Bill SCR130 aimed at allowing slot machines and table games at both Monmouth Park and the Meadowlands racetracks. Presently, state law restricts such casino activities to Atlantic City.
This new provision opens the door for casino gaming beyond Atlantic City, with specific game regulations and restrictions set to be determined at a future date. The bill specifies, “Upon the approval of this amendment, the Legislature may legislate the specific types, restrictions, and operations control of such casino games.”
Senator Gopal’s proposal also outlines a tax structure for any newly established casinos outside Atlantic City. The funds generated would be allocated to various public services: 45% for property tax relief, 20% for special education assistance, 10% towards state pension systems, 10% for cost-of-living increases for retired public employees, another 10% dedicated to enhancing tourism in Atlantic City, and 5% earmarked for the state’s racing sector.
This proposed expansion comes at a time when Atlantic City’s casinos are navigating increased competition from online gaming platforms. The city’s physical casinos experienced a 15% decrease in profits year-over-year during the first quarter of 2025.
In response, operators in Atlantic City made approximately $200 million in investments last year to enhance their entertainment offerings such as dining, accommodation, and live performances, as reported by a 2024 industry analysis.
Should these new casinos emerge at Monmouth Park or the Meadowlands, it is anticipated they will also need to invest in similar non-gaming attractions. Experts suggest that diversifying investments into amenities beyond gaming could be essential for sustained success.
The timing of this proposal is particularly salient as New York prepares to grant three downstate casino licenses, with prospective locations including Times Square, Brooklyn, Yonkers, and the Bronx. These developments could potentially siphon customers away from New Jersey’s racetracks, intensifying market challenges.
While supporters argue that new casinos could increase tax revenue and invigorate the state’s equine racing sector, opponents caution that they may further diminish Atlantic City’s status as a premier gambling destination.
The bill is expected to face significant debate, with legislators set to discuss whether expanded gambling can deliver economic advantages without undermining existing establishments.