New Hampshire House Bill 480 introduced by Representative Timothy Lang got through the House of Representatives. In fact, it got overwhelming support from the members when it got a vote of 269 to 82. New Hampshire sports betting bill is now in the hands of the Senate.
This week, the New Hampshire sports betting bill got the support of the Senate Ways and Means Committee. If it becomes law, it legalizes mobile betting in the state. In addition, it allows for ten sports betting facilities.
According to Lang, the state will earn around $7.5 million in taxes in the first fiscal year of legalized sports betting. After two years, the state will earn at least $13.5 million as the market matures.
Lang said that the New Hampshire sports betting bill is not creating a new industry in the state. Instead, it is legalizing an industry that’s had been in the shadows for years. As the technology evolved, becoming a bookie is easier and that’s why there are more illicit operators today than before.
The last hurdle of the sports betting bill is the DOJ’s new interpretation of the Wire Act. At present, the New Hampshire Lottery Commission filed a lawsuit to declare the new opinion doesn’t apply to state lotteries.
In 2018, the DOJ declared the Wire Act bans the transmission of interstate bets for all types of gambling. Its 2011 opinion said it covered only sports betting. The new opinion threatens existing interstate lotteries and online gambling operations.
The NH sports betting bill doesn’t allow sportsbook pay per head to accept wagers on college sports events in the state, high school sports events, and amateur sports events where the majority of the participants are under 18 years old.
The state has strict requirements for potential pay per head bookie. In fact, the betting software needs to undergo a system security test by a third-party contractor approved by the commission.
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