Category: Economy, Budget and Taxes
SB 310 (2019)
House/Senate Bill: Senate
Description: Authorizes one smaller and one larger casino with video lottery and table gaming. The casinos would pay an initial ten-year license fee of $40 million and a tax of 35% on gross slot machine revenue and 18% on gross table game revenue. This bill also allows each casino to offer sports betting in person and online, with a 12% tax on sports betting revenue. Some of the revenue would go to towns hosting or neighboring the casino, and some of the revenue goes to treat problem gambling. About $25 million would go to all New Hampshire towns and cities through "revenue sharing" payments. The Senate amended the bill to lower the initial license fee for the smaller casino to $20 million.
Bill Sponsor: Lou D'Allesandro
Bill Co Sponsor: Click the "Link to Full Bill" for information
Next Hearing Date: Thu, 04/18/2019
Next Voting Date: Wed, 05/08/2019