Relative to wagering on simulcast dog racing.
The fiscal impact is noteworthy, with projections showing a revenue loss to the state estimated at $42,648 in FY 2027 due to the discontinuation of simulcast dog racing wagers. This amount is approximately half of the current revenue generated from simulcast dog racing, which brought in $85,295 in FY 2023. Additionally, the removal of simulcast dog racing from state gambling regulations aligns with a growing trend to streamline gaming laws and potentially enhance state revenue from other forms of gambling, such as horse racing which the bill continues to support.
Senate Bill 363 aims to amend existing laws concerning the wagering on simulcast dog racing in New Hampshire. The bill proposes to eliminate the licensing authority of the lottery commission over simulcast dog racing, effectively phasing out legal simulcast wagers on dog races starting from January 1, 2027. As currently, only one licensed location offers such wagers, the bill reflects a shift in the state's approach to this form of gambling, narrowing the focus to regulating horse racing exclusively. This legislative change indicates a potential shift in gambling policy, prioritizing horse racing over dog racing.
The discussions surrounding SB 363 reveal a contention over the future of dog racing in the state. Proponents of the bill argue that removing simulcast dog racing simplifies state regulations and strengthens focus on horse racing, which may be more economically beneficial. Conversely, opponents may express concerns over diminishing gambling options in the state and the loss of revenue that could affect public services funded by lottery revenue. The debate highlights differing viewpoints on the importance of maintaining regulated gambling options versus restructuring them for potential revenue enhancements.