New Hampshire has recently made a significant step forward in its gambling sector. On June 30, Governor Kelly Ayotte signed a bill permitting casinos in the state to install an unlimited number of video lottery terminals (VLTs). This progressive decision indicates a major shift in the state’s approach towards both charitable and commercial gaming, marking a notable expansion of the industry.
The legislative update is part of a broader law package, House Bill 2 (HB 2), which not only removes caps on VLT installations but also introduces new regulations for high-stakes poker and table game tournaments.
The legislative update is part of a broader law package, House Bill 2 (HB 2), which not only removes caps on VLT installations but also introduces new regulations for high-stakes poker and table game tournaments. These new gaming opportunities will need state approval and will be taxed at a rate of 5%, while VLT revenues will face a 31% tax. The revenue generated is earmarked for the state’s general fund, addiction prevention programs, and nonprofit organizations associated with casinos. Lawmaker Joe Sweeney, who crafted the bill, emphasized that the change intends to modernize charitable gaming responsibly. Although the law is now in effect, implementation will take several months as new regulations are established.
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