NH Latest State to Consider Casino Gambling

Thursday, 22 Sep 2011 06:44 AM

By Bradford Schmidt

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Within the last month, legislators in both Florida and New York have come out in favor of legalizing casino gambling in those two states. Now the Manchester Union Leader is reporting that New Hampshire is also considering casino licenses.
 
In response to pressure from a new casino bill that’s expected to pass in Massachusetts, New Hampshire legislators heard arguments this week on a bill that would issue two casino licenses in the state, with applications due in January of 2013.
 
During the hearings, Rep. David Hess had witnesses stress the bill was meant to fund tax cuts, not increased spending, with the majority of the casino taxes being placed in the state treasury.
 
According to the bill, the state would be paid 35 percent of all slots machine and 8 percent of all table game revenues. It would also earn license fees of $50 million per casino.
 
Despite the house having defeated gambling bills in the past, Rep. Steve Stepanek, who authored the current plan, feels that due to the pending legislation in Massachusetts “the dynamic has changed,” Passing the bill now will prevent the loss of charitable gaming and lottery sales in New Hampshire, he said.
 

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

'Frozen': Most Popular Toy in Holiday Survey Dethrones Barbie

Tuesday, 25 Nov 2014 19:46 PM

Barbie has been the most popular holiday gift for more than a decade, but this year the iconic doll will have to let it  . . .

Nor'easter, Snow Threaten Northeast Travel Ahead of Thanksgiving

Tuesday, 25 Nov 2014 17:50 PM

The Northeast is bracing for a Nor'easter that is expected to snarl holiday travel plans on Wednesday . . .

Michael Hanline Freed After 1980 Murder Conviction Overturned

Tuesday, 25 Nov 2014 15:34 PM

Michael Hanline, who was convicted of murder in 1980, was released on bail Monday after prosecutors said they are no lon . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved