A state advisory board in New Hampshire has voted to approve a contract between DraftKings Inc. and the New Hampshire Lottery Commission, and the first bets could be placed as soon as January.
On Monday, the Executive Council voted 3-1 to approve the contract for six years, with the possibility of two two-year extensions. This comes just weeks after residents in several counties voted to allow physical sports books to operate retail locations within their communities.
DraftKings said, if it would be the exclusive mobile provider then they would give New Hampshire 51 percent of its gross gaming revenues. If the state would have chosen three vendors, DraftKings would have lowered the state’s share to 21 percent.
As for the retail business side, DraftKings will give New Hampshire 40 percent of gross revenue for up to 10 of its retail sports books.
The offer is not without its caveats, though: the state has to spend at least $250,000 of lottery money to market and promote sports betting.
Further, the deal allows DraftKings to spend up to 15 percent of its gross gaming money on promotional deals. These promotions payments wouldn’t be counted in the chunk of gross revenue from which NH receives its money.
Officials said that DraftKings was selected because it had the best financial deal, the fastest proposed timeline, and a strong mobile app. According to the Executive Director of the NH Lottery Commission, DraftKings made an offer they couldn’t refuse:
“The selection committee made this determination based on DraftKings superior mobile application, first-class betting platform, its strong market brand and player base in New Hampshire, overall commitment to the New Hampshire market and evidence of success in both the retail and mobile implementations in other states.”
Chief Compliance Officer for DraftKings, Tim Dent, said the bookmaker could potentially launch the sportsbook at some point in January, which would make NH the ninth state with legalized mobile sports betting.
Both Dent and the Governor of New Hampshire called the deal a win. In a press release, Governor Chris Sununu spoke of the expedited process:
“We moved fast to get this done, and the deal is a win for New Hampshire. We are partnering with a world-class company to provide a first-rate customer service experience. With today’s vote, everyone will now be able to bet on Tom Brady and the New England Patriots in time for this year’s Super Bowl.”
NH’s Sports Betting Regulations
To place a sports bet in New Hampshire, a person must be physically inside the state. Geo-location programming prevents anyone from betting at a mobile sportsbook unless the bettor is inside the state. Bettors can bet on any collegiate or professional game available except for those involving New Hampshire teams.
So far, six individual communities have voted to incorporate regulated retail wagering:
Types of Bets Allowed
According to the sports betting laws in New Hampshire, there will be three tiers of sports betting: pre-game bets on a single event, in-game bets, and all other types of wagers.
While physical sportsbooks won’t be allowed to offer in-game betting, and lottery outlets will not be allowed to offer in-game betting or single-game betting options, sports betting websites for New Hampshire can offer all three types of wagers.
Now that the approval has been given, it’s time for New Hampshire to start the race towards a mobile launch for DraftKings. And, there’s no better goal than to get this up and running before Super Bowl 54 on February 2nd, 2020.
As a longtime freelance writer, avid sports fan, former athlete, and experienced sports bettor, Rick Rockwell has risen up the ranks at GamblingSites.org to become the self-professed "King of the Blog" in his first year with the site. ...
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