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State lottery revises biennial revenue estimates up; FY25 net expected near $200M
Summary
The New Hampshire Lottery reported a boost to its biennial revenue outlook, driven largely by historic horse racing machines, and said it expects to remit about $200 million to the state in the current fiscal year.
Charlie McIntyre, director of the New Hampshire Lottery, told the Senate Ways and Means Committee the lottery is revising its revenue estimates upward for the biennium and for the current fiscal year.
McIntyre said the agency now expects to increase biennial net revenue by about $19.5 million per year for fiscal years 2026 and 2027 (to approximately $193.5 million each year) compared with earlier fall estimates, and he said the lottery estimates it will transfer roughly $200 million in net receipts to the state in fiscal year 2025.
McIntyre attributed most of the upward revision to stronger-than-anticipated historic horse racing (HHR) receipts, offsetting a modest pullback in instant and draw-based ticket sales. He said recent openings of HHR rooms contributed to the higher near-term collections and that another facility planned to open in June could further affect estimates.
McIntyre emphasized that the lottery’s official revenue estimates are prepared under current law and do not assume changes to statutes; he told the committee that any legislative changes that generate revenue will be added by the finance committee in its surplus statements.
Members asked about differences between House and Senate projections and how recent facility openings and pending legislation could affect the final numbers. McIntyre said the agency’s figures reflect actual operating rooms now open and noted the potential for an additional facility to shift June estimates.
Kelly J. Cleland (chief program and product officer) and Jim Duris (chief financial officer) accompanied McIntyre and answered technical questions about product mix and timing of receipts.
