Category: Economy, Budget and Taxes, Social Issues
SB 242 (2017)
House/Senate Bill: NH Senate
Description: Authorizes one smaller and one larger casino with video lottery and table gaming. The smaller casino would pay an initial ten-year license fee of $40 million, and the larger casino would pay an initial ten-year license fee of $80 million. The casinos would pay a tax of 35% on gross slot machine revenue and 18% on gross table game revenue. The Legislature would choose how to distribute this revenue, provided that some of the revenue goes to towns hosting or neighboring the casino, and some of the revenue goes to treat problem gambling.
Bill Sponsor: Lou D'Allesandro
Bill Co Sponsor: Click the "Link to Full Bill" for information
Next Hearing Date: Tue, 04/18/2017
Next Voting Date: Thu, 05/04/2017