Should SB 20 be enacted, it will directly affect the financial landscape of keno operations in New Hampshire. The elimination of the license fee means a loss of revenue for the state, forecasted to be around $140,000 in the first year after implementation. However, proponents argue that this loss could be offset by a rise in keno sales due to a broader base of retailers. The keno industry could experience increased revenue, which is essential as this revenue is partially allocated to the state education trust fund, thereby impacting public education funding indirectly.
Summary
Senate Bill 20-FN aims to amend certain regulations regarding keno license applications and fees in New Hampshire. The bill proposes to eliminate the separate annual license fee for keno retailers, which is currently set at $500. This change is intended to encourage more retailers to sell keno, thereby increasing participation in the lottery system and potentially leading to greater overall lottery revenues. The Lottery Commission estimates that removing this fee could lead to a growth in the number of keno retailers by approximately ten percent annually, enhancing accessibility and competition in the market.
Contention
There are notable points of contention surrounding SB 20. Opponents might express concerns that the removal of regulatory fees could lead to a proliferation of keno retailers without sufficient oversight, potentially increasing gambling-related issues in the community. Supporters may counter these claims by suggesting that increased competition among retailers will lead to better consumer choices and enhance lottery revenues—a key component of funding for education in the state. The debate on the balance between regulation and accessibility will be a critical theme as discussions around the bill proceed.
Creating local options for games of chance, authorizing keno throughout the state, and changing charitable gaming license fees and reporting requirements.