New Poker Taxes in New Hampshire

Legislatures in New Hampshire have passed a new tax on Texas Hold;em and other poker games that are run by charities.  They have also raised the maximum bet limit from $2 dollars to $4 dollars so it's not all completely bad news.

The new three percent tax will apply to tournaments where the playing chips have no monetary value and there is also a 10 percent tax that applies if the chips do have a monetary value.  They aren't just taxing poker they already receive a share of the wagers for Bingo and Lucky Seven.

The House voted 119 to 125 to pass the bill on Wednesday, the Senate voted 16 to 7 and Governor John Lynch is expected to sign the bill shortly.  So here is another reason to just play online, you don't have to drive anywhere you can smoke if you want to and you don't have to pay a lot of taxes.