Posts

Showing posts with the label NH

Keno State Tax.

Image
  Communities across New Hampshire are voting against keno. Bethlehem, Littleton and the rest of the North Country should do the same. Questionable If Keno will create revenue for local communities and education.   Described as assistance to education, particularly kindergarten keno is an electronic bingo game with below average payouts and the description I've heard "a state tax used to finance the bureaucracy in Concord."   Portsmouth, Keene and ironically even the city of Concord itself have voted against allowing keno. Their concerns are valid: that this state lottery game isn't going to return any major revenues to local economies or education.   This would be enhanced in the North Country which is already largely undeserved if not neglected by Concord to begin with. The actual gaming numbers of keno will also be significantly impacted by the next year startup of casinos in Boston and Springfield, Mass. which will immediately begin draining $62 million ...

🎰Maine Wins. New Hampshire Loses.

Image
  The slot machine revenue at the Oxford Casino is increasing. This is good for Maine and continues to be bad for New Hampshire. Slot Machine Revenues Increasing. Good for Maine and Bad For New Hampshire.   Located about 40 miles east of the New Hampshire border at East Conway it's yearly revenue for 2017 was $796.6 million dollars up $62 million from the year before. It isn't unreasonable to believe that 25% of these revenues at this small casino are coming from the Mount Washington Valley and the rest of the Granite State. These numbers are in direct contrast to the argument that the market for casinos in New Hampshire is "over- saturated."  Not true.    But despite this ever increasing revenue going over to Maine, the New Hampshire legislature has once again tabled and killed casino legislation. Co-Sponsored by North Country Senator Jeff Woodburn, Senate Bill 586 was actually a bad piece of legislation. Intended for "optimal revenue impact" the b...