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.
Sin taxes derive revenues from items that society might deem as potentially harmful.
