Revision: Jan. 21, 2025, 3:29 p.m.
HB 660-FN-LOCAL - AS INTRODUCED
2025 SESSION
25-0387
02/11
HOUSE BILL 660-FN-LOCAL
SPONSORS: Rep. Ohm, Hills. 10; Rep. Manohar, Hills. 9; Rep. Almy, Graf. 17
COMMITTEE: Ways and Means
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ANALYSIS
This bill requires historic horse racing facilities to transfer 10 percent of revenue generated, after breakage and payment of winnings, to host municipalities.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
25-0387
02/11
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Five
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Subparagraph; Pari-Mutel Pools, and Distribution of Tax Thereon; Tax. Amend RSA 284:23, I by inserting after subparagraph (d) the following new subparagraph:
(e) Each person, association, or corporation licensed to conduct historic horse race wagering shall collect a sum equal to 10 percent of revenues generated from historic horse race pari-mutuel pools after breakage and payment of winnings to patrons. Each licensee that conducts wagering on historic horse races shall distribute such amount collected under this paragraph to the municipality in which the licensee operates for deposit into the municipality's general fund.
2 Effective Date. This act shall take effect July 1, 2025.
25-0387
1/10/25
HB 660-FN-LOCAL- FISCAL NOTE
AS INTRODUCED
FISCAL IMPACT:
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Estimated State Impact | ||||||
| FY 2025 | FY 2026 | FY 2027 | FY 2028 | ||
Revenue | $0 | Decrease of $2,329,958 Per Year | ||||
Revenue Fund(s) | Lottery Fund/Education Trust Fund - Lottery revenue is credited to the lottery fund, with net revenues after expenditures being credited to the state education trust fund. | |||||
Expenditures* | $0 | $0 | $0 | $0 | ||
Funding Source(s) | None | |||||
Appropriations* | $0 | $0 | $0 | $0 | ||
Funding Source(s) | None | |||||
*Expenditure = Cost of bill *Appropriation = Authorized funding to cover cost of bill | ||||||
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Estimated Political Subdivision Impact | ||||||
| FY 2025 | FY 2026 | FY 2027 | FY 2028 | ||
Local Revenue | $0 | Increase of $14,338,200 Per Year | ||||
Local Expenditures | $0 | $0 | $0 | $0 | ||
METHODOLOGY:
This bill, effective in FY 2026, would require historic horse racing (HHR) licensees to distribute 10% of total HHR revenue to the municipality in which the licensee operates. The Lottery Commission states the language of this bill conflicts with that of RSA 284:23, I(d); specifically, both require HHR revenue (after breakage and prizes paid) to be distributed in different ways. For the purposes of this fiscal note, it is assumed that the intent of the legislation is for 10% of total HHR revenue be collected and paid to municipalities and the remaining HHR revenue to be distributed as otherwise described in RSA 284:23, I(d). In effect, this bill would distribute total HHR revenue as follows:
In FY 2024, total revenue for HHR was $143,381,237. Of this, the state received $23,299,451. Based on this amount, rounded to $143,382,000, this bill could increase local revenue and decrease state Lottery revenue as follows:
| Current Law | Proposed | Increase / (Decrease) |
Total HHR Revenue | $143,382,000 | $143,382,000 | $0 |
Amount to Game Operator | $107,536,500 | $96,782,850 | ($10,753,650) |
Amount to Lottery Commission (16.25% / 14.625%) | $23,299,575 | $20,969,618 | ($2,329,958) |
Amount to Charities (8.75% / 7.875%) | $12,545,925 | $11,291,333 | ($1,254,593) |
Amount to Municipalities (0% / 10.0%) | $0 | $14,338,200 | $14,338,200 |
Location | Total HHR Revenue | 10% to Municipalities |
Belmont | $623,000 | $62,300 |
Keene | $6,214,000 | $621,400 |
Dover | $18,602,000 | $1,860,200 |
Nashua | $34,815,000 | $3,481,500 |
Manchester | $25,937,000 | $2,593,700 |
Hampton | $4,250,000 | $425,000 |
Lebanon | $3,790,000 | $379,000 |
Seabrook | $49,151,000 | $4,915,100 |
Total | $143,382,000 | $14,338,200 |
AGENCIES CONTACTED:
Lottery Commission