Gaming fight heats up in NH
Posted by on

With many states facing widening budget gaps and demand for job creation, decision-makers are weighing expanded gaming in the form of casinos or slot machines. Though gaming has expanded significantly in recent decades??most notably at Foxwoods and Mohegan Sun in Connecticut??many states have kept gambling limited to state-run lotteries or scratch tickets.

But those limits are expected to come down soon and the result would be increased state revenue and badly needed construction and permanent jobs.

In New Hampshire, the Senate Finance Committee passed a bill that authorizes up to 17,000 slot machines at six locations, which includes three racetracks and three new casinos.

The bill will now head to the full Senate, where it is expected to have enough support to pass. It will then head to the House of Representatives, where it will face a stiff challenge to pass.

If passed, the licenses for two locations are expected to generate an initial $50 million, which would cover budget shortfall in the Department of Health and Human Services. If locations wanted to offer table games, they would pay an additional $10 million each.

Two more locations would pay $20 million each for slot licenses and $10 million each for table games. The final two locations would pay $10 million each for slots and $10 million each for table games.

Read more about this story here and here.