This bill establishes a cap on the amount of charitable gaming revenue that can be awarded to any single charitable organization from historic horse race wagering and games of chance, limiting it to $50,000 per calendar year. The bill amends existing laws by inserting provisions that state any excess revenue beyond this limit must be paid to the Lottery Commission for allocation according to a special fund established under RSA 284:21-j. Additionally, it specifies that charitable organizations located within the executive council district of the licensee will be given preference, and no organization can receive revenue for more than 10 dates within a 12-month period.

The bill also modifies the distribution of revenues from games of chance, ensuring that no single charitable organization receives more than $50,000 in a calendar year, with any excess revenue directed to the Lottery Commission. The effective date for these changes is set for July 1, 2025. The fiscal impact is projected to increase state lottery revenue by approximately $18.6 million annually starting in FY 2026, as many charities currently receive amounts exceeding the new cap.

Statutes affected:
Introduced: 284:23, 287-D:19