New Hampshire Seeking Sports Betting Vendors and Retailers

TopUsBets.com

By Kelsey McCarson

August 8th, 2019 - 1:45pm

New Hampshire is calling for sports betting vendors and retailers to submit proposals to the New Hampshire Lottery as the state begins its move toward supporting the sports gambling program it intends to roll out over the next year.

The New Hampshire Lottery is asking for proposals from interested parties by 4 p.m. on Sept. 16, and the state hopes to approve final vendor contracts for those selected by the end of November with the aim of fully launching its sports betting program by early 2020 – not in time for the lucrative football season.

“The New Hampshire Lottery looks forward to working with vendors to develop a secure sports betting system that engages our players and drives revenue in support of education in New Hampshire,” lottery executive director Charlie McIntyre said in a statement, according to the Associated Press.

New Hampshire Legalized Sports Betting in July

Last month, Gov. Chris Sununu signed into law HB480, the bill that legalized betting on professional sports and most Division I college athletics. The legislation excludes bettors from wagering on New Hampshire college and university sports but allows both mobile and retail gambling options.

According to the Associated Press, the state expects to garner an estimated $7.5 million for educational programs by the end of fiscal year 2021, and $13.5 million two years later, once the program is fully operational.

The bulk of that estimate is due to the bill’s inclusion of mobile gambling, a hard lesson some early adopters of sports betting bills in other states learned by only focusing on in-person betting at brick-and-mortar locations.

But New Hampshire’s bill is similar to the one in New Jersey, where close to 80% of the revenue collected from sports betting has been attributed to online and mobile wagers.

Betting Supporters Await Expected Benefits

According to the Associated Press, supporters of HB480 argued that legal sports betting in New Hampshire would simultaneously bring to light a black market activity that already existed in the state and provide money for programs and resources to help problem gamblers.

But while the supporters of the bill ultimately saw their vision come to pass, New Hampshire residents will have to wait and see what the impact to the community might turn out to be – because the state is taking things relatively slow compared to others.

In fact, both Indiana and Iowa, who each separately signed sports betting bills into law in May, are moving rapidly to have at least parts of their sports betting programs ready to go for this upcoming football season.

Football, including both NFL and college games, is the most lucrative betting market in the United States. So states like Indiana and Iowa, which move quickly to roll out programs, are apt to receive the rewards of their legal sports betting bills sooner than states like New Hampshire.

The Granite State might not be ready to reap revenues until the 2020 football season comes around.

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Written By
Kelsey McCarson

Kelsey McCarson is a veteran sports journalist who covers boxing and MMA. He also covers boxing for Bleacher Report, TheSweetScience.com and NYFights.com, and his work has appeared in USA Today, CNN and Fox Sports.

... Read More

Kelsey McCarson is a veteran sports journalist who covers boxing and MMA. He also covers boxing for Bleacher Report, TheSweetScience.com and NYFights.com, and his work has appeared in USA Today, CNN and Fox Sports.

...

Read More