New Hampshire House members may actually make their casino players considerably happier if the new compromise poker tax is passed. The House Bill is proposing to increase the maximum bets made at the state’s casinos from $2 to $5, considerably lower than what the initial levy proposed. The bill has already passed the Senate and is now in the House for consideration.
The bill proposes a tax on daily poker rooms in the state of 3% on what is collected from the players in rakes and other fees. The initial bill was 10% and had it been passed, many of the poker rooms would’ve permanently closed their doors due to the recession in progress in the country. The compromise tax is designed to help pay for the tax without hurting the casinos too much. It is also going to help the states Pari-Mutuel Commission oversee the fairness of all of the card games that are being planned.
Currently, charitable organizations will still receive the 35 percent net profit that they earn on poker games. “Charitable gaming has become big business in New Hampshire,” state Senator D’Allesandro said. “Some people put it at $75 million to $100 million. We certainly want charitable gaming to prosper, but we need oversight. This bill puts in a number of employees to do the auditing.”
The tax structure, if the bill is approved, will be similar to that used for the state’s Bingo and Lucky 7 games. There is a clause in the bill that allows higher bets and many of the casinos general managers are all too happy to accept it and that the charitable cuts will remain the same. Prize payouts on all the poker games will still remain at the current 80%.
The state’s racetrack hosts the largest poker room in the state and charges $2,000 a day to the poker company that puts on the games. The track is not receiving any money in profits for it, but they do benefit from the hundreds of people that come to the racetrack everyday that would not normally attend. By hosting the games, the racetracks may just be able to help build an acceptance of expanded gambling in the state.
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