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 municipalities, thereby providing them with a new revenue stream from the operations of these facilities.

The fiscal impact of this bill is significant, as it is projected to increase local revenue by approximately $14.3 million annually starting in FY 2026, while simultaneously decreasing state revenue by about $2.3 million per year. The bill's implementation will alter the distribution of total historic horse racing revenue, with 10 percent going to municipalities and the remaining 90 percent being allocated to game operators, the Lottery Commission, and charities as per existing laws. The effective date for this legislation is set for July 1, 2025.

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