Bill > HB1409

This bill modifies how revenues from video lottery terminals (VLTs) are distributed, changing the current allocation method to direct 100% of the remaining revenue to the education trust fund. Specifically, after paying for necessary administrative costs such as state charitable gaming expenses, gaming operator costs, and problem gaming prevention programs, all remaining VLT revenue will now be distributed to the education trust fund, instead of the previous split of 75% to the general fund and 25% to the education trust fund. The fiscal note indicates this change will result in a net zero impact, effectively decreasing general fund revenue while simultaneously increasing education trust fund revenue. According to budget estimates, this could represent approximately $45.1 million in FY 2026 and $93.9 million in FY 2027 being redirected from the general fund to educational funding. The bill will take effect immediately upon its passage, with the revenue redistribution likely occurring at the end of FY 2026 or the beginning of FY 2027.

Budget and Finance

https://gc.nh.gov/bill_Status/billinfo.aspx?id=2292&inflect=2