- New Hampshire sports betting bill NH HB 480 was passed through the state legislature on June 13, 2019.
- Sports betting in NH will be conducted through both retail locations and through state-wide mobile sports wagering apps.
- NH Governor Sununu has shown previous support for sports betting by including revenue collected by the practice in his state budget.
CONCORD, N.H. – Almost a month has passed since the state legislature approved the New Hampshire sports betting bill NH HB 480. Sports bettors have been eagerly waiting for NH Governor Chris Sununu to sign off on the measure, and the wait officially ended on Friday.
The New Hampshire Lottery Commission will now be in charge of overseeing the new industry. The Commission can either conduct sports betting directly or instead use a third-party agent to offer both retail and mobile sports wagering.
Up to 10 retail locations that are current partners with the lottery commission can apply to offer sportsbooks.
The exact locations of these retail sportsbooks are undetermined at this time, but a late amendment to the bill would put the commission in charge of selecting businesses “whose bids provide the state with the highest percentage of revenue from the sports wagering activities.”
Although if sports bettors would rather use their own mobile devices to place wagers, then they may do so as well.
The bill allows up to five online sports betting operators to do business in the state and users of their apps can sign up remotely. These apps will be geo-fenced and will only be available to those that are physically located in the state.
Anyone over the age of 18 will be able to bet on sports in New Hampshire, and wagers can be taken on almost every collegiate and professional sports team in the country. The only restriction is that NH collegiate sports teams and collegiate events that happen inside the state cannot be bet on.
What This Means For The State Of New Hampshire
As far as implications for the state go, Governor Sununu already added $10 million to be gained annually in his original state budget proposal.
The bill itself included a study conducted by the NH Lottery Commission that showed with an estimated 5% hold on the state’s sports wagering handle, the state could see up to $12.5 million in legal sports betting revenue by 2023.
There was no set tax rate or licensing fee put into the bill like most states who legalize sports gambling. Instead, it states that the lottery will select agents to provide sports wagering through a competitive bid process and that “any such contract shall be based on the state receiving a percentage of revenue.”
The exact percentage may depend on each agent’s contract. Over time, as the New Hampshire sports betting market matures, residents will soon get a more accurate picture of how much money the state can generate from the activity.
Advertising Disclosure
In order to provide you with the best independent sports betting news and content LegalSportsBetting.com may receive a commission from partners when you make a purchase through a link on our site.
News tags: Chris Sununu | New Hampshire | NH HB 480 | Timothy Lang
– In his career, Hasan has worked both local and state government positions—including the Attorney General’s Office in Florida. On top of being familiar with the legislative process, he has also been researching and writing on the legality of sports betting across the US. Outside of work you’ll most likely find him producing or playing music, playing sports, or working on creative writing projects. You’ll also catch him at Doak Campbell Stadium cheering on the Noles.
Bitcoin Sports Betting Sites
Best Online Sports Betting
Famous Sports Bettors
States With Legal Sports Betting
Sports Betting Events
