Across the US, state lawmakers have been busy working on legislation that will allow and regulate the gambling industry in their respective states. Connecticut and New Hampshire are two states who have made strides in crafting bills to legalize gambling and sports betting.
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The latest gambling news in Connecticut focuses on meetings on special committees which will discuss certain gambling bills. One bill will focus on authorizing a satellite casino that will be managed by the Mashantucket Pequot and the Mohegan Tribes. Meanwhile, the second bill will authorize a new casino and hotel development in Bridgeport. This will be a project by MGM resorts. These two bills, that will allow new casinos, will contribute greatly to the local economy. Basically, they can help in terms of economic contribution and job generation.
As for New Hampshire, the House allows the legalization of sports betting. This bill will now head to the Senate for voting. This bill will allow wagers set on professional sports events and games. It will also allow betting on specified Division I college-level games. However, betting on schools in New Hampshire is not permitted. In addition, retail and online wagers will both be allowed. They estimate the local industry to generate as high an amount as $7.5 million for the educational system for fiscal year 2021.
Most lawmakers support the legalization of sports betting as a way to take out illegal gambling. Of course, it also allows the state to generate more revenue. There will also be a council for responsible gaming to be created, to help those who have gambling issues.