The Granite State plans a rollout of its first mobile sports betting product on Monday, December 30th. New Hampshire will become the second New England state (after Rhode Island) to allow its residents to wager on sports. It is estimated that legal and regulated sports betting in New Hampshire will bring in up to $7.5 million in 2021. All funds are earmarked for the education trust. By 2023, sports betting is expected to earn New Hampshire as much as $13.5 million.
DraftKings announced that its product will be going live on Monday, ahead of its expected launch date. Last month, the state Lottery Commission approved a multi-year betting contract with the DFS and sports betting giant. DraftKings will pay 51% of gross gaming revenue for mobile bets to the lottery, and 50% of GGR from retail locations. The Lottery Commission created a special Division for Sports Wagering when legislation passed and was signed into law by Governor Chris Sununu in July this year.
Other highlights of New Hampshire’s New Betting Market:
- Anybody over the age of 21 who is physically located in the state may bet on sports.
- Players need to download a betting app in order to be able to wager on professional sports.
- No betting on college games involving local schools, or college games being played in New Hampshire.
- Betting on all other professional and college events, besides the above, is allowed.
- 10% of all revenue will be set aside to fund gambling addiction treatment and prevention.
- New Hampshire towns can vote whether they want to approve retail betting lounges, where visitors can place bets while watching sports events. So far, towns and cities such as Claremont, Manchester and Berlin have voted to allow the operation of sports book retail venues.