Revision: March 15, 2013, midnight
HB 314 – AS AMENDED BY THE HOUSE
13Mar2013… 0311h
13Mar2013… 0557h
2013 SESSION
08/09
HOUSE BILL 314
AN ACT raising limits on single wagers in games of chance and relative to gross revenues received by charitable organizations participating in games of chance.
SPONSORS: Rep. D. Sullivan, Hills 42; Rep. Graham, Hills 7
This bill:
I. Raises limits on single wagers in games of chance.
II. Provides for the deposit of funds by the game operators once a month by the 5th day of the month.
III. Requires charitable organizations to retain no less than 30 percent of the gross revenues from any game of chance minus any prizes paid on any game date in which game operators are involved.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
13Mar2013… 0311h
13Mar2013… 0557h
13-0732
08/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Thirteen
AN ACT raising limits on single wagers in games of chance and relative to gross revenues received by charitable organizations participating in games of chance.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Wager Limit. Amend RSA 287-D:3, V to read as follows:
V. No single wager by a player, on any game of chance, shall exceed the amount of [$4] $6.
2 Game Operators; Deposit of Funds. Amend RSA 287-D:3, X to read as follows:
X. In games where chips have monetary value, 10 percent of the rake or house winnings and other moneys collected by the game operator that are not paid out as prizes to players, less moneys used by the racing and charitable gaming commission to fund authorized personnel expenses and related costs, shall be paid to the state treasurer for deposit into the general fund. Such payments shall be made [within 5 business days of the game date on which the funds were collected] once per month not later than the 5th day of the month for the funds collected in the previous month.
3 New Paragraph; Charitable Organizations; Gross Revenues Received. Amend RSA 287-D:3 by inserting after paragraph X the following new paragraph:
XI. Notwithstanding any provision of law to the contrary, after deducting the pay out of prizes, the total of any fees, any rent under paragraph VII, and any other charges of any kind permitted under this chapter, the charitable organization shall retain no less than 30 percent of the gross revenues from any game of chance on any game date in which game operators licensed under RSA 287-D:2-c are involved in any capacity.
4 Effective Date. This act shall take effect 90 days after its passage.