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  2. Board Of Aldermen - Minutes - 10/12/2021 - P2

Board Of Aldermen - Minutes - 10/12/2021 - P2

By dnadmin on Mon, 11/07/2022 - 07:07
Document Date
Tue, 10/12/2021 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Tue, 10/12/2021 - 00:00
Page Number
2
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__101220…

Special Board of Aldermen 10-12-2021 Page 2

Charles Mcintyre, Executive Director of NH Lottery

Absolutely. For the first year it was 70 percent above expectations for revenue for the State. So we brought in about
$17 million. So you folks it probably would have been around $800,000, $70,000 would have come to Nashua give or
take for education funding of that. Like | said $17 million profit last year and that gets divvied up into the Education
Trust Fund.

Alderman O’Brien

Yeah and this was before the ballot before and | think a lot of people didn’t understand it. So I’m going to put you on
the hot seat if I’m allowed. How would you inform the people that maybe there was some misconceptions in the past
upon this and how this would enhance indirectly charitable gaming establishments?

Charles Mcintyre, Executive Director of NH Lottery

It will impact because more folks will be in the facility to engage in that activity. It will drive a significant, a significant
number of folks from Massachusetts to Nashua through (inaudible) activity up here. They're do all kinds of things.
The folks that visit our retail sports book are very wealthy. They spend $1,000, $2,000, $3,000 betting. So it’s a very
large economic activity that you’ll benefit from.

Alderman O’Brien

Thank you Mr. Mcintyre and thank you Madam President.

President Wilshire

Thank you.

Alderman Tencza

Thank you Madam President. Mr. Mcintyre you said that there are ten licenses across the State. If we pass this here
in Nashua do you anticipate that there will be one entity that gets a license or could several of the charitable gaming

locations we have here in Nashua get licenses?

Charles Mcintyre, Executive Director of NH Lottery

So it’s not limited. So the ten is not set across the State. Actually it’s not a license, it’s more a can do liquor stores
where we choose them with draftings based on what will believe economic impact. As you can imagine, we have
benefitted dramatically because MA doesn’t do this yet. So we're getting lots of customers across the border. So the
border would be where we would concentrate. So the answer is no, we’re not limited to only one.

Alderman Tencza

If | may follow up Madam President?

President Wilshire

Yes.

Alderman Tencza

I’m not sure people understand this. Right now if | have the Draft King app. on my phone, which quite candidly | do, |
can place sports bets when I’m in my living room in Nashua. This would just allow us to have places which have a

physical location within the city, correct?

Charles Mcintyre, Executive Director of NH Lottery

That’s exactly right and | can tell you this, it even surprised me how very different the customer base is and folks like
yourself that use your phone versus folks who want to go and physically have that experience — particularly last year
in COVID where you couldn't go to live sporting events. Going to a sports book was the next best thing.

Page Image
Board Of Aldermen - Minutes - 10/12/2021 - P2

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