Recently, New Hampshire became the second state in New England to legalize sports betting. Gov. Chris Sununu was the first person in the state to place a bet, which was for the Super Bowl. He made a bet in favor of the New England Patriots winning the famous football event. The bet was for $82, and he used his phone to complete the process while he was at a Manchester sports bar.
How Sports Betting Became Legal
The United States Supreme Court ruled in 2018 that the Professional and Amateur Sports Protection Act was unconstitutional. It was a federal law that prohibited states from allowing sports betting. Today, each state must decide whether to allow it. If a state chooses to allow it, the state is responsible for regulating the process. Although Congress also has the ability to authorize it and take other actions, it has been left in the hands of state lawmakers to handle. Nearly 20 states have allowed sports betting since the Supreme Court made its ruling. While several states allow online sports betting for residents, other states require bets to be made in person at a DraftKings Sportsbook location. DraftKings offers a mobile feature for residents of some states where online betting is permitted. However, it is still rolling out the feature in a few states that already approved it. Gov. Sununu demonstrated that the feature is available and working well in New Hampshire.
New Hampshire Sports Betting Details
New Hampshire has a contract with DraftKings to offer online sports betting for at least the next six years. According to New Hampshire’s state law on sports betting, anyone who is 18 years of age or older can participate. The new law also makes it possible for the state to set up retail betting locations. Experts in New Hampshire predict that the new sports betting allowance will bring in $7.5 million by 2021 and $13.5 million by 2023.
Where NH Sports Betting Money Goes
Gov. Sununu said that sports betting was “the right bet” for New Hampshire. The reason for this is because the money will go toward education. In a statement, Gov. Sununu said that the move was a win for the kids of New Hampshire. Executive Council approved the measure in late November. The state will receive 50% of the revenue from sports betting to allocate toward its education system.
DraftKings was launched in 2012 and has been the top competitor of FanDuel since that time. There are approximately 900 employees who operate online features and work at retail locations. DraftKings is based in Boston and plans to launch a separate office in New Hampshire to better serve the residents there. Additionally, it plans to open 10 retail locations in various parts of the state. The chief revenue officer and co-founder of DraftKings said that the company felt honored to allow access to New Hampshire residents just before the start of the NFL playoffs.
Prior to New Hampshire allowing sports betting, the last state to allow it was Michigan. Gov. Gretchen Whitmer signed legislation to allow both internet gambling and sports betting in Michigan. However, the state’s progress is expected to be slower because of additional state licensing requirements. New Hampshire residents who want to participate in sports betting during the upcoming playoffs and Super Bowl can do so by setting up an online account with DraftKings. The company also runs frequent promotions for betting credit or risk-free betting up to a certain amount.