This bill mandates that historic horse racing facilities must allocate 10 percent of their revenue, after accounting for breakage and winnings, to the municipalities where they operate. The new legal language added to RSA 284:23, I includes a subparagraph (e) that specifies this requirement for licensed entities conducting historic horse race wagering. The funds collected are to be deposited into the general fund of the respective municipality, thereby providing a direct financial benefit to local communities.

The bill is set to take effect on July 1, 2025, and is expected to significantly impact local and state revenues. While local municipalities are projected to receive an increase of approximately $14.3 million annually from this new revenue stream, the state is anticipated to experience a decrease in lottery revenue of about $2.3 million per year. The bill's provisions aim to balance the distribution of historic horse racing revenue, ensuring that municipalities benefit directly while also maintaining existing allocations to game operators, the Lottery Commission, and charities.

Statutes affected:
Introduced: 284:23
HB660 text: 284:23