Thanks for the info much appreciated

Played one session of 1/3, found it to be a little tougher than 1/2, but to be expected, I guess. Small sample, obviously.

Does PLO8/Big O ever run at Manchester Poker Room anymore? I haven't been in a couple years but I'm curious whether it's still around.

Also, I heard something about 10/20 NL going at Twin. Does that run regularly, or at least was it running before COVID?

Masks now mandatory at Chasers, per governors order...

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Glad to see the mask requirement. Long overdue.

And I'm sure the whining will come with this order. Good luck to the staff dealing with the idiots.

In my observation at one of the casinos that has ordered the wearing of masks (as required by local government) the staff avoids dealing with the whining idiots.

33% of the respondents to a FB group of NH poker players, survey stated that they would not consider playing poker in any of the NH rooms until a vaccine is available. I was surprised that that many of my fellow degens felt that way.

https://www.eagletribune.com/news/ne...f2483975c.html

They have to give 45% gross revenue away? Holy ****, I didn't realize it was that high. Obviously these places still make a profit, but I can't even fathom how... of course I'm not privy to the numbers.

And there are 55 of these in the state? Had no idea there were so many. They're clearly not all poker rooms or they would've been discussed here.

That number is simply fake news.

Before they give 35% to charity
Chasers charges approximately $600.00 rent a night to the charity.
Boston Billiard charges approximately $600.00 rent a night to the charity.

The closed poker room Cheers in Salem NH gave a pittance to charity because they were charging the charities $750 a night for rent, before closing.

https://www.eagletribune.com/news/ne...f241b7301.html
The rent number here is for year 2018.

Chasers claims to have gave $3 million dollars to charity in one year which is complete BS, as Boston Billiard Nashua claims to have given $3 million to charities over the course of 5 years.

If I had to guess, one dollar of the $5 rake goes to charity, which does add up for the charity.

All the revenues are available available from the state lottery at https://www.racing.nh.gov/forms-pubs/games-chance.htm

Screenshots are from monthly data in the newsletters I collected from July 2018 to March 2020 (I left "The Brook" as "Greyhound" when Eureka bought Seabrook for simplicity's sake). Though you can get more specific data through requests to the lottery, this is the easiest data to get a hold of because they publish it monthy.

Now, you have a point that the rooms can and may charge a fee to the charity (and Cheers was the worst with some charities getting $0 because the room was usually dead). However, $600/night when the charity cut for the day is almost $10,000. In the data from the state, that rent or other fees aren't listed because basically the charity gets the 35% then pays the room the fee as an expense rather than just subtracting it from their cut.

Chasers, Billiards, and Manchester make up the lion's share of the revenue in the state, so depending on the policies of the smaller rooms like The Governor's Inn or Northwoods there may be $0 going to charities there.

What's more important to focus on is that most of these rooms (except Chasers) operate their own food and beverage or other businesses like racing and now sports betting at The Brook, and thus have a lot of additional revenue which is not shared with the charity. Further, most don't have rewards programs like large casinos and at least one that does have rewards funds it from the promo rake, not from their 55% of gross gaming revenue, which is why they only offer rewards on poker, not table games. So it isn't like they have to worry about comps, entertainment events, employee perks or executive salaries like bigger casinos do.

I don't know where the article is getting 55 facilities, you can see the number of license holders not only on the newsletters but in a separate listing on the site and there's not even close to that many. Maybe the reporter got that number confused with the gross gaming revenue the rooms keep.

If the charities at Chasers got $3 million, the room got 4.7 million. I'm sure they're doing just fine, especially considering most managers are only paid $20-25/hr in salary with the rest made up by dealer tip-outs.

I predict resounding success for this venture.

There is enough business for 2 Poker Rooms in Salem NH, particularly with Encore Poker Room closed until Hell freezes over.

I was thinking a Poker Room/Casino might come to the Tuscan Village build-out (formerly Rockingham Park acreage), but that might be more of a reach now.

Umm. I believe in that transaction it was worded that under no circumstances will a casino/poker room open on those premises. I could be wrong, wouldn't be the first time.

Everything you said was a guess.

It is 35% to charity and 10% to state straight out of gross each day. The each day part is important because if the house has a losing night at table games they eat it and can’t deduct that loss from the games the next night. (With respect to the 45%)

So after the casino keeps 55% they then pay all their expenses including federal and state taxes.

Latimer, here are the #'s. They release for charitable gaming. The #'s are always 2 months behind from the actual newsletter. The bug ones aren't hurting....

https://www.racing.nh.gov/forms-pubs/games-chance.htm

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Chasers from April 2019 to April 2020, missing 2 months of data had 6.7 million in gross revenue after prizes and taxes and Boston Billards was 5.8 million. I didn't add up Manchester which is the 3rd highest earning room.

May 2019 #'s weren't available
April 2020 all places were 0

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It's good to know rooms in NH are making money.

Can Salem, NH have 2 profitable charitable gaming rooms? Only time will tell.

If the former place of Sals became another room, would people go?

Chasers is great and built a good brand. Cheers, the brief time it ran,also in salem, was never as busy as Chasers in my opinion.

Look at Nashua, Boston Billiards & The River. The River was 2nd Entry and never really consistently busy for poker. Maybe that doesn't matter ..

I am all for multiple venues as a player.




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Though the word gross is used, it is not gross ... it is 'gross' after a 'rent deduction'.

I am confident the information in this article is correct.

https://www.eagletribune.com/news/ne...f241b7301.html

That said, Chasers and Boston Billiard and are printing money for their respective owners.

I did some back of the envelope calculations, and with the Encore Poker Room closed I would guess Chasers is paying federal taxes on $2-3 million.
That's not bad for the basement of a Chinese restaurant.

BTW, the hourly rake ($5 + $2) on 6 max is obscene!

Not sure if that's a typo, but as currently be written that is entirely inaccurate. By law, and according to the lottery (personally have spoken to Valerie King) the gaming revenue is gross. 100% of every dollar raked or profited on a table. Divided as laid out in other comments (55/35/10). Any fees the rooms charge or taxes assessed are then charged and paid separately.

Change the laws then...the demand for gaming in NH is obvious.

If you are a charity, pick the best place you can make the maximum money. If they get charged, oh well. Otherwise some money is better than 0 money.

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The bottom line ... the Charities pay rent for the privilege of getting 35%
and that 35% shrinks considerably. The Charities do not net 100% of the 35% gross.

Don't believe me, believe this lady.
https://www.eagletribune.com/news/ne...f241b7301.html

I'd almost bet the exchange of money (35%) with a first time Charity recipient is done with one hand while the rent money owed is paid with the other hand.


Question: If I tell you I'm gonna give you 35% of gross proceeds and then I charge you for expenses, and you must pay me for these expenses from your 35% gross, are you getting 35% gross? I don't think so. This isn't rocket science.

The NH gaming law should not allow "rental deductions" but it does, and the 35% gross can shrink to 0% net after a rental fee. And the 35% gross shrinks to 0% net at the small charity rooms quite often on weekdays.

Don't believe me, believe the expert who worked in the field, Lisa Gasperini !

I agree with you, I just wanted to clarify the Charities do not net this 35% gross that is talked about.

What I'm pointing out is, the house is getting more than the 55% Lion's share.

And yes I know the house has considerable expenses. I would pay to see one year's federal tax return for Chasers (Salem NH) or Boston Billiard (Nashua NH). They must be a work of art. After all is said and down, I think the owner is walking away with a couple of milly a year.

Now I understand where we were getting off track. Your replies seemed to indicate that the rent was taken out of the 35% before the charity got paid. That's the inaccuracy I was addressing, because that would make the state's reporting of how funds are allocated inaccurate.

I already acknowledged the existence of the rent, and pointed out it is paid to the room separately from the gaming revenue paid to the charity (room sends a $10,000 check to charity, charity sends a $500 check to room). So I understand your one hand vs the other hand point and agree.

I also acknowledged that many of the smaller rooms likely have net zero or minimal profit for the charities after considering the rent expense.

I just thought you were arguing the state's reporting was inaccurate. In terms of the gaming revenue, those reports are accurate but yes, there are fees (in addition to the rent, such as a license from the state) which are paid by the charities to either the room or state. Mostly this was brought on by your early comment refuting Chasers' claim to have earned $3 million for charities in a year.

Even if they charged the Cheers rent of $750/day that is $274,000 in rent for the year, at $500 it is only $183,000. Not that those are small numbers, but if Chasers had gross gaming revenue for the year of $9 million and charities got $3,150,000 but then paid $183,000-274,000 in rent, I think it would be fair to still say they earned "about $3 million for charities." That's why I thought your response needed adjustment.

Easily a few million net profit. I compiled just boston billards & chasers using 1 yr time frame.

Missing data were May's #'s. Year before same thing, may reported numbers not in the newsletters.

Both were making close to 500k+ gross revenue after prizes. Without including that in my 1 yr (, April 2019-April 2020.

April 2020 all had 0. I'm sure still have to pay expenses etc.

Anyways point was chasers 6.7 million gross revenue after prizes without May 19 and the 0 for April 20. Boston Billiards was 5.8 million.

Not sure how much all that overhead attributes nor really care. They are making plenty of money, while under the charity loopholes .

Good for them....I'm jealous..lol

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