New Hampshire: Data shows gambling is driving force in “sin” tax revenue
Regulation · 2024-11-26
New Hampshire: Data shows gambling is driving force in “sin” tax revenue
More and more, according to the data, tax revenue from state-sanctioned gambling — from Keno and scratch tickets to casinos and sports betting — is becoming more valuable to the state’s budget than the other so-called “sin taxes.”
For the state fiscal year 2024, all the games and gambling under the auspices of the New Hampshire Lottery Commission outperformed tobacco and liquor tax revenue … by a lot.
Lottery Commission-generated revenue was $43 million over budget in the fiscal year that ended on June 30. Meanwhile, tax revenue from liquor sales was $9 million under budget and tax revenue from tobacco sales was $24 million under budget.
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