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NH HB660
Bill
Status
1/21/2025
Primary Sponsor
Bill Ohm
Click for details
AI Summary
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Historic horse racing (HHR) licensees would be required to distribute 10% of revenues generated from HHR pari-mutuel pools (after breakage and payment of winnings) to the municipality where they operate, deposited into the municipality's general fund
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Eight municipalities would receive funding: Seabrook ($4,915,100), Nashua ($3,481,500), Manchester ($2,593,700), Dover ($1,860,200), Keene ($621,400), Hampton ($425,000), Lebanon ($379,000), and Belmont ($62,300) annually based on FY 2024 revenue
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Total estimated local revenue increase of $14,338,200 per year, based on FY 2024 total HHR revenue of approximately $143.4 million
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State Lottery Fund/Education Trust Fund revenue would decrease by approximately $2.33 million per year, with charitable organizations also seeing a reduction of approximately $1.25 million annually
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Effective date of July 1, 2025
Legislative Description
Requiring historic horse racing facilities to compensate their host communities with a percentage of the revenue generated from their historic horse racing machines.
Last Action
Refer for Interim Study: Motion Adopted Voice Vote 01/08/2026 House Journal 2
1/8/2026