New Hampshire sports betting updates
In 2019, New Hampshire requested proposals asking sportsbook operator applicants to classify what percentage of gross gaming revenue they would relinquish to the state.
The rate earmarked is contingent upon the number of rivals in the market. DraftKings Sportsbook proposed a 51-49 split in exchange for being the state’s sole operator. New Hampshire accepted the deal, giving DraftKings market exclusivity.
Check out this timeline for a snapshot of New Hampshire’s sports betting history:
July 8, 2024: ECL Entertainment reveals details about The Nash Casino, a two-story charitable gambling facility expected to open this winter in Nashua.
Jan. 23, 2023: The chairman of the New Hampshire Senate’s Ways and Means Committee proposes the regulation of online gambling in a model similar to mobile sports betting. New Hampshire Lottery would license, regulate, and administer the program.
Aug. 23, 2022: New Hampshire sports betting slows in July, but DraftKings generates almost $4.5 million in gross gaming revenue — a 10.5% hold.
Feb. 28, 2022: New Hampshire exceeds $1 billion in all-time sports betting handle thanks to a generous January when the state lottery reported $99.5 million in wagers.
Nov. 2, 2021: After rejecting the same proposal two years earlier, Nashua, NH voters approve retail sports betting. Nashua becomes the 21st community in New Hampshire to approve a brick-and-mortar location.
October 2021: New Hampshire bettors dishes out a record $68.1 million on sports betting during the month of September.
December 2019: Gov. Chris Sununu places the state’s first legal sports bet on the New England Patriots to win the Super Bowl.
2019: The most recent expansion introduces the ability to bet on professional and college sports via retail New hampshire sportsbooks and online betting sites. DraftKings is awarded the state’s only license.
2017: Gov. Sununu signs House Bill 580 in July, placing New Hampshire among only a handful of states to enact laws and explicitly allow daily fantasy sports contests. The bill set out rules for DFS sites like DraftKings and FanDuel, taxing revenues from New Hampshire players.
2014: Accommodations were made for brick-and-mortar casinos, increased bet levels for charity events, and defining poker as a game of skill. The lone bill to succeed was HB 1630 — which increased oversight for charity gambling activities.
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Publish date : 2024-08-01 01:57:00
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