Thursday, Oct. 5, 2000 | 10:41 a.m.
THE ASSOCIATED PRESS
CONCORD, N.H. -- Legalizing video gambling to help pay for schools would be a gamble in terms of revenue, a draft study says.
The net take for the state could be as high as $242 million a year or as low as $23 million, reseacher Ronald Mendoza wrote in a draft report for Gov. Jeanne Shaheen's tax study commission. The commission is studying a dozen options for raising money for schools.
Shaheen launched the study to help the next Legislature evaluate revenue sources to pay for schools. Pending results of the study, her first choice is video gambling at the state's four race tracks, which she says would bring in at least $145 million a year.
But if Massachusetts followed New Hampshire's lead in legalizing video gambling, net revenue to New Hampshire eventually could slide to $23 million a year, Mendoza wrote.
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