Bill Text: NH HB169 | 2018 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relative to limits on wagers in charitable games of chance.

Spectrum: Partisan Bill (Republican 8-0)

Status: (Passed) 2018-06-18 - Signed by Governor Sununu 06/14/2018; Chapter 265; Eff. 6/14/2018 [HB169 Detail]

Download: New_Hampshire-2018-HB169-Introduced.html

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HB 169-FN - AS INTRODUCED

 

 

2017 SESSION

17-0260

08/05

 

HOUSE BILL 169-FN

 

AN ACT relative to limits on wagers in charitable games of chance.

 

SPONSORS: Rep. Spillane, Rock. 2; Rep. McGuire, Merr. 29; Rep. V. Sullivan, Hills. 16; Rep. J. Moore, Hills. 21; Rep. J. Edwards, Rock. 4; Rep. Itse, Rock. 10; Sen. Sanborn, Dist 9; Sen. Reagan, Dist 17

 

COMMITTEE: Ways and Means

 

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ANALYSIS

 

This bill raises the limits on wagers in charitable games of chance.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

17-0260

08/05

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Seventeen

 

AN ACT relative to limits on wagers in charitable games of chance.

 

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

 

1  Limit on Wagers.  Amend RSA 287-D:16 to read as follows:

287-D:16  Wagers.  No single wager by a player, on any game of chance, shall exceed the amount of [$4] $10.  Provided, however, that in games of poker where the chips have monetary value, play may be conducted under "table stakes'' rules where the amount of blinds, antes, and any other type of forced bet shall not exceed [$4] $10 per player but the amount wagered by a player during the play of a hand shall not be limited except by the amount of chips the player has in his or her possession on the table.  In any such "table stakes'' game, the amount of chips a player may purchase during the course of play in said game shall be no greater in value than $150.

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

 

LBAO

17-0260

12/14/16

 

HB 169-FN- FISCAL NOTE

as introduced

 

AN ACT relative to limits on wagers in charitable games of chance.

 

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

	Estimated Increase / (Decrease)
STATE:	FY 2018	FY 2019	FY 2020	FY 2021
Appropriation	$0	$0	$0	$0
Revenue	Indeterminable Increase	Indeterminable Increase	Indeterminable Increase	Indeterminable Increase
Expenditures	$0	$0	$0	$0
Funding Source:	[    ] General            [ X ] Education            [    ] Highway           [ X ] Lottery Fund

 

METHODOLOGY:

This bill increases the limit a single wage from $4 to $10. Pursuant to RSA 287-D, charitable organizations are required to make payments to the state equivalent to 3% of all money collected from players in a game where chips have no monetary value, such as a tournament game, and 10% of the rake, house winnings, or other moneys collected by the game operator in games where chips have a monetary value.  The Lottery Commission assumes an increased maximum wager amount will increase the popularity of charitable games and the amount of money players will spend.  The Commission estimates a net revenue increase of $828,786 based on FY 2016 actual as presented in the following table:

 

Revenue Impact	FY 2016 Actual		Estimates
Games	Handle	State Revenue	Projected Game Increase	Adjusted Handle	Adjusted State Revenue	Net Increase In State Revenue
Chips have no monetary value (3% tax)	7,961,220	238,837	25%	9,951,525	298,546	59,709
Chips have monetary value with rake (10% tax)	9,413,624	941,362	5%	14,120,436	1,412,044	470,682
Chips have monetary value without rake (10% tax)	5,967,917	596,792	5%	8,951,876	895,188	298,396
Total	23,342,761	1,776,991		33,023,837	2,605,778	828,787

 

Pursuant to RSA 284:21-j, I, lottery fund balance (net profit) shall be deposited in the education trust fund at the end of the fiscal year.

 

AGENCIES CONTACTED:

Lottery Commission