New Hampshire opens up to legalized sports betting
This week, New Hampshire has become the 16th state to open up to the legislation on gambling in the US. This comes after Governor Chris Sununu has signed the sports betting bill H 480 onto the statute books. We for one are super excited to see what is going to happen over the next few weeks, months and years.
This recently signed bill will now mean that punters in the state will be able place bets on professional sports and most Division 1 college sports, but not on school events. Bill Miller who is the president and CEO of the American Gaming Association (AGA), has praised the news and has welcomed the decision, he has said “The American Gaming Association applauds Governor Sununu and the New Hampshire legislature for legalizing sports betting, becoming the third previously non-gaming jurisdiction, after Tennessee and Washington DC, to authorize wagering on sports”. These are exciting times ahead for New Hampshire.
Miller has also said “New Hampshirites will now have a convenient, secure alternative to the dangerous illegal market that has operated in the state and across the country for decades. I’m encouraged that New Hampshire lawmakers joined their colleagues across the country in rejecting harmful integrity fees and official data mandates that interfere with the legal market’s ability to compete with illegal operators.”
New Hampshire doesn’t currently have any casinos or racetracks so these will have to be built. The state will permit ten retail locations, and on top of this, also five mobile betting licenses. Regulation will be meted out by the State Lottery Commission.
In terms of projected revenues, policy makers in the state are aiming to generate circa $7.5m in 2021, nearly doubling to $13.5m in the following two-year period. These figures may be well of the mark if sports betting and casino goes as well as planned.
It is likely that no activity will start in NH until at least early 2020, with summer a more realistic date to get things started. Bidding for the licenses is scheduled for the New Year 2020. We hope you are as all excited as we are as this latest state joins the gambling revolution here in the US.
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