Revision: May 14, 2019, 1:24 p.m.
SB 245-FN - AS AMENDED BY THE HOUSE
8May2019... 1642h
2019 SESSION
19-1015
08/10
SENATE BILL 245-FN
AN ACT relative to fees for simulcast racing.
SPONSORS: Sen. French, Dist 7
COMMITTEE: Ways and Means
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ANALYSIS
This bill changes the way fees are assessed for simulcast racing.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
8May2019... 1642h 19-1015
08/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Nineteen
AN ACT relative to fees for simulcast racing.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Simulcast Racing; Fees. Amend RSA 284:23, IV to read as follows:
IV. Each person, association, or corporation licensed to conduct a race or race meet under this chapter shall also pay to the city or town treasurer in which the racing plant is located for each day of racing, whether such day includes live racing only, simulcast racing only, or a combination thereof, the fees assessed in subparagraphs (a) and (b) below or, in the alternative, the board of selectmen in a town may vote to allow the fee to be assessed at a rate of $10 for each $10,000 or portion thereof, based upon the aggregate pari-mutuel pools conducted, made, or sold by such person, association, or corporation on each such day. This rate is provided if said person, association, or corporation has a license to conduct races or race meets for more than 10 days during the year for which the license is issued. If said person, association, or corporation has a license to conduct races or race meets for 10 days or less, the per diem fee shall be determined by the lottery commission.
(a) Each Weekday including Saturday Pari-mutuel pool FeeUnder $300,000 $300 per day $300,000 or more $350 per day.
(b) Each Sunday Pari-mutuel pool Fee Under $350,000 $400 per day $350,000 but under $500,000 $800 per day $500,000 or more $1,200 per day.
2 Effective Date. This act shall take effect July 1, 2019.
19-1015
Amended 5/10/19
SB 245-FN- FISCAL NOTE
AS AMENDED BY THE HOUSE (AMENDMENT #2019-1642h)
AN ACT relative to fees for simulcast racing.
FISCAL IMPACT: [ ] State [ ] County [ X ] Local [ ] None
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| |||
| Estimated Increase / (Decrease) | |||
LOCAL: | FY 2020 | FY 2021 | FY 2022 | FY 2023 |
Revenue | *Potential Decrease of $78,000 | *Potential Decrease of $78,000 | *Potential Decrease of $78,000 | *Potential Decrease of $78,000 |
Expenditures | $0 | $0 | $0 | $0 |
*This assumes the Town of Seabrook elects to adopt the new racetrack fee structure proposed in this bill. |
METHODOLOGY:
This bill authorizes the board of selectmen in a town to amend the formula used to determine the fee a racetrack will pay to the municipality where the facility is located. Currently, New Hampshire only has one licensed racetrack, Seabrook Greyhound Park. The current racetrack fee formula establishes a fee between $300 to $1,200 depending on the day and the total amount of dollars bet (“handle”) as depicted in the table below:
Day of Week | Daily Handle | Daily Municipal Fee |
Monday – Saturday | <$300,000 | $300 |
Monday – Saturday | > $300,000 | $350 |
Sunday | > $350,000 | $400 |
Sunday | >$350,000 to <$500,000 | $800 |
Sunday | >$500,000 | $1,200 |
This bill allows a town to amend the municipal fee formula to a flat rate of $10 for every $10,000 or portion thereof in the aggregate pari-mutuel pool on any given day (“daily handle”). An example of how this fee structure would be enacted is depicted in the table below with hypothetical examples.
Hypothetical Daily Handle | Hypothetical Daily Municipal Fee Amount Under This Bill |
$9,000 | $10 |
$10,500 | $20 |
$250,000 | $250 |
$255,000 | $260 |
In producing the estimated impact of this bill to local revenue, the Lottery Commission estimated the daily handle at Seabrook Greyhound Park is $91,910.34 a day (based on the FY 18 total handle of $33,547,274 divided by 365 days):
Under Current Law the Town Of Seabrook Receives an Estimated: $114,400 |
($300/Monday – Saturday and $400/Sunday = $2,200/Week) X 52 Weeks = $114,400 |
Under The Formula in this Bill the Town of Seabrook Receives an Estimated: $36,400 |
($100/day = $700/week) X 52 Weeks = $36,400 |
Estimated Net Revenue Impact To Local Government (Town of Seabrook): ($78,000) |
$36,400 - $114,400 = ($78,000) |
AGENCIES CONTACTED:
Lottery Commission