CHAPTER 217
SB 379-FN - FINAL VERSION
2000 SESSION
08/09
SENATE BILL 379-FN
AN ACT relative to lottery scratch tickets.
SPONSORS: Rep. Klemm, Dist 22; Sen. D'Allesandro, Dist 20; Sen. McCarley, Dist 6
This bill increases the price for which tickets for sweepstakes may be sold to $10 per ticket.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
00-2655
08/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand
AN ACT relative to lottery scratch tickets.
Be it Enacted by the Senate and House of Representatives in General Court convened:
217:1 Sweepstakes Commission Rules; Price of Sweepstakes Tickets. Amend RSA 284:21-i, II(c)(1) to read as follows:
(1) The price for which tickets for drawings and sweepstakes races shall be sold; not to exceed [$5] $10 per ticket.
217:2 Effective Date. This act shall take effect 60 days after its passage.
(Approved: June 1, 2000)
(Effective Date: July 31, 2000)
LBAO
00-2655
12/9/99
SB 379-FN - FISCAL NOTE
AN ACT relative to lottery scratch tickets.
FISCAL IMPACT:
The Sweepstakes Commission indicates this bill will increase state restricted revenue and expenditures by $2.5 million in FY 2001, $3.8 million in FY 2002, $2.6 million in FY 2003, and $4 million in FY 2004. There will be no fiscal impact on county and local revenue and expenditures.
METHODOLOGY:
The Commission's estimates, based on new ticket prices allowed by this bill, are shown below:
Fiscal Year Sales Expenditures Net Profit
2001 2,500,000 $1,750,000 $ 750,000
2002 3,800,000 2,660,000 1,140,000
2003 2,600,000 1,820,000 780,000
2004 4,000,000 2,800,000 1,200,000
The Sweepstakes Commission states they intend to introduce a $7 ticket in December 2000. Sales for half a year would be collected in FY 2001 and for a full year in FY 2002. In December 2002, a $10 ticket would be introduced to replace the $7 ticket. Sales for half a year would be collected in FY 2003 from the $10 ticket. The Commission assumes the $7 ticket would be at the end of its sales life and would contribute very little to FY 2003 sales. Finally, sales for a full year would be collected in FY 2004.
The Commission estimates expenditures to be 70% of sales based on historical data, and the remaining 30% represents net profit which is deposited into the Education Trust Fund. The Commission used data resulting from the change from a $3 to a $5 ticket to estimate the fiscal impact of the $7 and $10 tickets.