New Hampshire approved sports betting for next year

Last week, the New Hampshire Lottery Commission approved a contract on sports-betting with DraftKings allowing the state to become the second in New England to allow betting on games.

The advisory body to Republican Gov. Chris Sununu, Executive Council, voted to approve the 6-year contract to operate sportsbooks in the state with the possibility of 2-year extensions. DraftKings will pay the lottery 51 percent of gross gaming revenue for mobile and 50 percent of gross gaming revenue from retail locations.

The New Hampshire Lottery Commission expects that sports wagering on DraftKings mobile app to be able to start in January. Physical locations for sports wagering are expected to be running by late winter or early spring.

Sununu tweeted that they moved fast to get this done, and the deal was a win for NH. They are partnering with a world-class company in order to provide a first-rate customer service experience. Everyone will now be able to bet on the @Patriots and TomBrady in time for this year’s Super Bowl.

The move comes a few weeks after residents in Berlin, Laconia, Claremont, Somersworth, and Manchester voted to permit the operation of sportsbook retail locations in their communities.

The law of the state allows anyone more than 18 to take part in online sports betting. It also allows the state to launch up a “sports book” retail location in order to facilitate sports betting. That will be allowed via as many as five online sportsbooks and as many as 10 physical sportsbook locations.

Currently, Rhode Island is the only New England state which has launched sports betting. Revenue has well fallen short of projections in most states with legalized sports wagering.

]ƠBesides its mobile app, DraftKings will also oversee physical sportsbook operations in New Hampshire. The council amended the contract for another company, Intralot, providing the technology for the lottery. It will pay the lottery 19.25% of gross gaming revenue and provide some sports wagers on machines already selling lottery tickets.