NH Lottery Considers Legal Sports Betting
The NH Lottery has received 13 proposals for the introduction of sports gambling in New Hampshire. Potential vendors and retailers have sent through their proposals to New Hampshire Lottery officials for consideration. Earlier this year Governor Chris Sununu signed legislation that authorised the NH Lottery to oversee sports wagering in the Granite State.
Charles McIntyre, a representative of the NH Lottery, told the media that New Hampshire is looking to change the illegal gambling market into a legitimate one. The deadline for interested vendors and retailers to send through their proposals was on Friday. McIntyre further told the press that they would be choosing up to five mobile sports betting partners and up to ten physical betting locations for sports wagering. So, one wagering operator may have more than one location and platform submitted for consideration.
The NH Lottery officials have confirmed that they have received 13 proposals from gambling operators who either wish to set up physical and online wagering platforms.
NH Lottery expecting $10 Million Net Revenue for New Hampshire
Chris McIntyre added to the media that from the 1st of July, the state is looking to receive a net profit of $10 million for the full year. He further stated that this figure does not include the infrastructure and resources that will benefit the state, including the creation of employment.
For now, the NH Lottery has not yet set a date for the finalisation of the contracts. However, New Hampshire Lottery officials expect sports betting will be launched in the Granite State in early 2020.
Overview
Chris McIntyre also told the press that the New Hampshire Lottery is well aware of the illegal operations of sports gambling in the state. To curtail any illicit behaviour, the NH Lottery has put together a comprehensive and thorough application process. The process will ensure that only reputable sports betting companies apply. These sports gambling operators will be up to the task of delivering sports betting in New Hampshire.
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