New Hampshire's casinos may undergo significant changes as the House Finance Committee supports a proposal to replace historical horse racing machines with traditional slot machines or video lottery terminals (VLTs). This shift aims to enhance state revenue, with predictions suggesting an increase of up to $128 million for the state and $70 million for charities. Currently, state casinos must allocate a portion of their revenue to charities and the state, but traditional slots are expected to generate more income, encouraging legislative changes and potential cap lifting on wagers.
The state currently allows historical horse racing machines instead of video lottery terminals or slot machines. Machines look and feel like regular slot machines, but their outcomes are based on horse race results.
Swapping the state's 3,300 games for more traditional slot-like games in New Hampshire's 12 casinos could see state revenue climb if SB 83 is approved.
The video lottery terminals will produce a significantly larger amount of revenue for the state and for the charities that participate than the historic horse racing machines, State Rep. Joe Sweeney said.
If the bill passes, Sweeney predicts the state would have 4,000 slot machines and 500 HHRs, adding as much as $128 million in state revenue and $70 million for charities and nonprofits.
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