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Ways and Means Debates VLT Tax Rates and Budget Impact as HB 2 Moves Forward
Summary
Committee members, the Lottery director and Senate Ways and Means chair reviewed proposed tax splits for video lottery terminals, recent revenue figures from new facilities, and DRA modeling that shows net losses to the Education Trust Fund under HB 2's distribution proposals.
The House Ways and Means Committee met May 20 for a work session on HB 2 and related gaming proposals. Members heard testimony and data from New Hampshire Lottery Director Charlie McIntyre and State Senator Tim Lang (Senate Ways and Means chair) and reviewed DRA modeling of how the governor’s proposals would alter revenue flowing to the Education Trust Fund.
What the session covered The session focused on three linked issues: (1) technical and market differences between historic horse‑racing terminals and video lottery terminals (VLTs), (2) proposals for how gross gaming revenue from VLTs would be split between operators and the state, and (3) how proposed changes to business tax law and tobacco distributions in HB 2 combine with gaming proposals to affect the Education Trust Fund.
Senate and Lottery perspectives Senator Tim Lang, who chairs the Senate committee that reported a competing VLT bill, urged a middle ground on tax rates. He described a market‑sensitive approach that aims to keep New Hampshire competitive with nearby jurisdictions while giving operators enough revenue to reinvest in facilities…
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