Bill
Bill > HB660
NH HB660
NH HB660Requiring historic horse racing facilities to compensate their host communities with a percentage of the revenue generated from their historic horse racing machines.
summary
Introduced
01/21/2025
01/21/2025
In Committee
10/20/2025
10/20/2025
Crossed Over
Passed
Dead
Introduced Session
2025 Regular Session
Bill Summary
This bill requires historic horse racing facilities to transfer 10 percent of revenue generated, after breakage and payment of winnings, to host municipalities.
AI Summary
This bill requires any entity licensed to conduct historic horse racing, a type of pari-mutuel wagering that uses historical race data, to collect and distribute 10 percent of the revenue generated from these machines to the municipality where the facility is located, after accounting for "breakage" (the odd cents left over from payouts) and the payment of winnings to patrons. This revenue will be deposited into the municipality's general fund. The bill is set to take effect on July 1, 2025, and is projected to significantly increase local revenue while decreasing state revenue from the Lottery Commission.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Refer for Interim Study: Motion Adopted Voice Vote 01/08/2026 House Journal 2 (on 01/08/2026)
Official Document
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