Nebraska voters will decide six ballot questions, as well as vote on the candidates. Four were put on the ballot through petitions and two were added by state lawmakers.

Initiative 428 would cap payday loans at an annual interest rate of 36%. These loans, also known as cash advances, check advances, or deferred deposit loans, are a type of short-term, high-cost loan that people use to get small amounts of money right away. Last year in Nebraska, the fees charged by payday lenders averaged 387% annual interest. Lawyers say the current rates are sky-high and prey on the poor. Industry officials say the limits could kill their businesses and hurt people who can’t get credit elsewhere.

Initiative 429 would amend the Nebraska Constitution to allow casino gambling on licensed racetracks. The amendment establishes the legal basis for laws authorizing, regulating and taxing new games of chance.

Initiative 430 is a bill that would allow casinos on licensed racetracks and create a seven-member Nebraska Gaming Commission to oversee and regulate those casinos. This would require a license fee of $ 1 million for each casino operator and ban anyone under the age of 21 from playing in the casinos.

Initiative 431 is a bill that would impose taxes on new racetrack casinos and indicate where the tax money would go. It would send 70% of the taxes to the Property Tax Credit Cash Fund, 25% to the city or county where the trail is located, 2.5% to support the treatment of problem gamblers, and 2.5% to the general fund. of State.