New Hampshire Sets $150 Cap On Charitable Poker Tournaments

New Hampshire Sets $150 Cap On Charitable Poker TournamentsNew Hampshire has raised a lot of money for philanthropic causes through the many charitable poker events which are held in the state. However, the previous law which allowed a wager limit of $4 per hand has now been changed in favor of a $150 buy-in cap for the whole tournament. The new rule, House Bill 169, was signed into law by Governor Maggie Hassan at the end of June, and as the piece of legislation states:
“The amount wagered by a player during the play of a hand shall not be limited. In any such ‘table stakes’ game, the amount of chips a player may purchase during the course of play in said game shall be no greater in value than $150.”
Moreover, the new law has caused an impressive increase in revenues for New Hampshire casinos, who get to keep 65% of the monies, albeit with 10% going toward state coffers, while the charity get to keep 35%. River Card Room representative Rick Newman, for instance, said that his gambling venue generated $40,000 in July, twenty times more than the the same month in 2014, commenting:
“The charities got 35 percent, the state 10 percent and a lot more dealers have jobs.”
Nevertheless, rumors abound that some of the states gambling venues have been flaunting the law and allowing up to five buy-ins during a single tournament, equivalent to $750. Apparently, the games have become so popular of late that they have even been drawing gamblers away from Indian casinos in Connecticut. In fact, State Representative Patrick Abrami (R-District 19) recently expressed deep concerns over the situation, stating that the impact of House Bill 169 was to take poker in New Hampshire “out of the realm of charitable gaming into real gambling.”
Chairman of the Racing and Charitable Gaming Commission, Ted Connors, however, has denied the situation has gotten out of control, but moved to assure worried parties by stating that the Commission will meet on September 9th to discuss possible amendments to the bill. In the meantime, Connors said; “It’s quite a bonanza for the charities.”

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