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 use in a special fund established under RSA 284:21-j. Additionally, it specifies that no charitable organization can receive more than 10 dates of revenue within a 12-month period and mandates that licensees must contract with at least two licensed charitable organizations for each game date.

The fiscal impact of this legislation is projected to significantly increase state lottery revenue, with an estimated annual increase of approximately $18.6 million starting in FY 2026. This is based on historical data indicating that many charities currently receive more than the proposed cap, resulting in excess funds that would now be redirected to the Lottery Commission. The bill is set to take effect on July 1, 2025, and aims to ensure a more equitable distribution of charitable gaming revenues while enhancing state funding through the lottery system.

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