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 shall be directed 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 under this section within a 12-month period and requires licensees to contract with at least two licensed charitable organizations for each game date.

The fiscal impact of this bill is significant, with an estimated increase in state lottery revenue of approximately $18.6 million per year starting in FY 2026. This increase is attributed to the fact that many charities currently receive more than the proposed cap of $50,000, 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