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“Gaming in NH Today” Gaming Study Commission September 15, 2009 . NH Center for Public Policy Studies. Purpose of Presentation. Review Center’s Work 30,000 foot view of existing gaming activities in the state. Gaming Revenues Magnitude Changes over time

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“Gaming in NH Today”Gaming Study CommissionSeptember 15, 2009

NH Center for Public Policy Studies


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Purpose of Presentation

  • Review Center’s Work

  • 30,000 foot view of existing gaming activities in the state.

  • Gaming Revenues

    • Magnitude

    • Changes over time

  • Set stage for more in depth conversations.


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Lottery (Powerball/ Megabucks)

Scratch tickets

Poker games

Games of chance

Dog and Horse Racing

Pari-mutuel wagering

Casinos

Bingo/Lucky 7

‘Gray Machines’ – Poker

Office Betting Pools

Issues to Consider:

Legal/Illegal

In/Out of State

On-Line

Authority and ability to control

Accuracy of Data

What is Gaming?



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State Lottery

  • The games run under the direction of the NH Lottery Commission brought in $261 million in FY2008 (total sales).

  • Prizes were $155 million and total expense were ($31 million).

  • $75 million ($261-$186) was distributed to education trust fund in FY2008.

  • Change over time?

    • NH Lottery Revenue declined by 1.1% from 2007 to 2008.

    • Instant game revenue was down $4.5 million, Hot Lotto down by $1.1 million, but Powerball was up by $2 million. (Source: NH Lottery CAFR2008)


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State Lottery

  • Breakdown of $261 million in Lottery receipts in FY2008 by major game (excludes NH residents purchasing out of state):

    • Instant Games (scratch tickets) $184 million

    • Powerball $46.4 million

    • TriState Megabucks $10.5 million

    • Tri State Daily Pick 3 Pick 4 $10.5 million

    • Tri State Other Games $5.8 million

    • Hot Lotto and MUSL Games $3.5 million


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Racing/Charitable Gaming Wagers in 2008

  • Live dog and horse racing, pari-mutel:

    • Live racing: $4.5 m

    • pari-mutuel wagers: $220.5 m

  • Gaming for Charitable Organizations

    • Bingo: $ 17m

    • Lucky-7 Tickets: $ 64 m

    • Charitable Games of Chance: $45m

  • For a total of: $352 million in racing and gaming wagers

  • Source: 2008 Racing and Charitable Gaming Commission report


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Racing/Charitable Gaming: Revenue

  • State revenue after expenses collected.

    • Simulcast wagering - $2.1m

    • Live Racing - $0.2m

    • Bingo - $1.3m

    • Games of Chance – $0.6m

  • Change?

    • Racetrack pari-mutuel activities 2007-2008 20% reduction.

    • State revenue from gaming activities for the year 2008 increased from 2007 by 33% mainly due to the new Games of Chance assessment fee that impacted the second half of the year.

  • New Hampshire charities received over $11.6 million dollars to further their causes in 2008 from all charitable gaming. (Commission report)


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NH Residents gambling outside of NH

  • In 2007 New Hampshire residents spent $79.3 million at New England’s gaming facilities, indirectly paying $11.3 million in gaming and sales taxes to CT, RI and ME (source: UMASS/Dartmouth 9/16/2008)

    • $46 million at Foxwoods

    • $30 million at Mohegan Sun

    • $2.5 million at Twin River (RI)

    • $0.2 million at Newport Grand (RI)

    • $0.8 million at Hollywood (ME)

  • Does not include gaming outside of New England (Atlantic City, Las Vegas)


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Estimates of Gambling Winnings

  • In the 2009 session the Legislature imposed a new tax of 10 percent on:

    • (a) Gambling winnings of New Hampshire residents from anywhere derived. (based on IRS form W2G)

    • (b) Gambling winnings of nonresidents of New Hampshire derived from New Hampshire entities.

  • DRA = The Gambling Winnings tax is estimated to yield $5.9 million in FY2010, $7.9 million in FY2011 (from HB1)

  • ‘Base’ gambling winnings in NH are estimated at $59 million in 2010 and $79 million in 2011.

  • Assume that reported winnings represent 5-10 Percent of all (legal) wagers, according to DRA estimate total (legal) wagers by NH residents could be as high as $1billion.


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Summary

  • State relationship to wagering varies considerably.

    • Lottery (State run – keep the difference between revenue and expenses)

    • Racing (Private enterprise – state keeps a percentage of activity)

    • Charitable Gaming (Private enterprise – state keeps a percentage of activity).

  • Legal wagering by NH residents estimated at $750 million to $1 billion per year - not including non New England gambling, and illegal wagering (online, office pools, ‘gray’ club machines etc.)

  • State takes in about $80 million per year, most of that from the NH Lottery.

    • Represents 3.2% of unrestricted revenues.




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