HB 588-FN - AS INTRODUCED
2025 SESSION
25-0773
02/11
HOUSE BILL588-FN
AN ACTrelative to the distribution of revenues generated from historic horse racing pari-mutuel pools.
SPONSORS:Rep. Fellows, Graf. 8; Rep. Stringham, Graf. 3; Rep. Spahr, Graf. 12
COMMITTEE:Ways and Means
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ANALYSIS
This bill requires entities licensed to conduct historic horse race wagering to collect a sum equal to 25 percent of revenues generated after breakage and payment of winnings to patrons and pay it to the lottery commission.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
25-0773
02/11
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Five
AN ACTrelative to the distribution of revenues generated from historic horse racing pari-mutuel pools.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Pari-Mutuel Pools, and Distribution of Tax Thereon; Tax. Amend RSA 284:23, I(d) to read as follows:
(d) Each person, association, or corporation licensed to conduct historic horse race wagering shall collect a sum equal to 25 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 35 percent of the amount collected under this paragraph to charitable organizations with whom the licensee contracts on each licensed game date. Charitable organizations from within the executive council district where the licensee is located shall be given preference, and no charitable organization shall be eligible for more than 10 dates of revenue under this section, within a 12 month period. Each licensee operating historic horse racing machines must contract with 2 licensed charitable organizations for each game date. The remainder of the total amount collected by the licensee under this paragraph shall be paid] and pay it to the lottery commission for use according to the special fund established under RSA 284:21-j.
2 Effective Date. This act shall take effect July 1, 2025.
LBA
25-0773
1/7/25
HB 588-FN- FISCAL NOTE
AS INTRODUCED
AN ACTrelative to the distribution of revenues generated from historic horse racing pari-mutuel pools.
FISCAL IMPACT:
Estimated State Impact
FY 2025 FY 2026 FY 2027 FY 2028
Revenue $0 Approximately $12.5M 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
Estimated State Impact
FY 2025
FY 2026
FY 2027
FY 2028
Revenue
$0
Approximately $12.5M 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
This bill, effective July 1, 2025 (FY 2026), modifies the revenue allocation for historical horse racing (HHR) as follows:
% of HHR Revenue
Current Law Proposed
Charitable Organizations 8.75% 0.00%
Lottery Commission 16.25% 25.00%
Game Operators 75.00% 75.00%
% of HHR Revenue
Current Law
Proposed
Charitable Organizations
8.75%
0.00%
Lottery Commission
16.25%
25.00%
Game Operators
75.00%
75.00%
Currently, charitable organizations receive 8.75% of total revenue from HHR. In FY 2024, this equated to $12,545,858. Under this bill, this amount would be directed to the Lottery Commission thereby increasing the amount Lottery receives in HHR revenue by approximately $12.5M annually.
AGENCIES CONTACTED:
Lottery Commission