This bill mandates that historic horse racing facilities allocate 10 percent of their revenue, calculated after breakage and payment of winnings, to the municipalities where they operate. The new legal language inserted into RSA 284:23, I includes a subparagraph (e) that specifies this requirement for each licensed entity conducting historic horse race wagering. The funds collected must be distributed to the municipality's general fund, thereby providing a direct financial benefit to local communities from the operations of these facilities.

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 aims to balance the distribution of historic horse racing revenue, ensuring that a portion directly supports the host communities while also maintaining existing allocations to game operators, the Lottery Commission, and charities.

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