HB607: relative to the regulation of games of chance.

HB 607-FN - AS AMENDED BY THE SENATE

23Mar2023... 1024h

23Mar2023... 1103h

05/18/2023 1911s

2023 SESSION

23-0421

02/05

HOUSE BILL 607-FN

AN ACT relative to the regulation of games of chance.

SPONSORS: Rep. Doucette, Rock. 25; Rep. Berry, Hills. 39; Rep. Sweeney, Rock. 25; Rep. O'Brien, Hills. 10; Rep. Soucy, Merr. 21; Rep. Goley, Hills. 21; Sen. Ricciardi, Dist 9

COMMITTEE: Ways and Means

AMENDED ANALYSIS

This bill amends the amount that must be paid to charity for games of chance where chips have no monetary face value

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

23Mar2023... 1024h

23Mar2023... 1103h

05/18/2023 1911s 23-0421

02/05

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Twenty Three

AN ACT relative to the regulation of games of chance.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 Operation of Games of Chance. Amend RSA 287-D:14, XVII to read as follows:

XVII. For games of chance where chips have no monetary face value, [the payback in prizes shall not exceed 80 percent of the total amount collected from players] a minimum of 20 percent or $250.00 of the buy-in amount collected from players, whichever is less, shall be deducted from the buy-in amount with 35 percent of the total amount deducted paid to the charity and the balance retained by the game operator employer.

2 Effective Date. This act shall take effect 60 days after its passage.

LBA

23-0421

Amended 6/19/23

HB 607-FN- FISCAL NOTE

AS AMENDED BY THE SENATE (AMENDMENT #2023-1911s)

AN ACT relative to the regulation of games of chance.

FISCAL IMPACT: [ ] State [ ] County [ ] Local [ X ] None

METHODOLOGY:

The Lottery Commission states this bill will change the maximum payout on games of chance where chips have no monetary value, allowing the licensee to retain 20% of the buy-in or $250, whichever is less. This would permit the licensee to collect less revenue for larger tournaments, resulting in less revenue to charities. Since state revenue is based on the buy-in, not the amount retained by the operator, the Commission states this bill would have no impact on state revenue.

AGENCIES CONTACTED:

Lottery Commission