With Contracts Approved, Sports Gambling Will Launch Soon in N.H.
Officials approved a contract with Boston-based Draft Kings on Monday to bring both in-person and online sports wagering to the state.
The Executive Council approved the contract with Draft Kings on a 3-1 vote, with Councilor Andru Volinsky opposing and Councilor Debora Pignatelli not taking part due to a conflict of interest.
Draft Kings will operate up to ten in-person sports betting halls statewide. The company will also launch an online gambling portal which will take bets from anyone physically located within the state.
Officials hope to draw in residents from neighboring states that haven’t yet legalized wagering on sports.
“The best kind of money is out of state money,” Charlie McIntyre, executive director of the N.H. Lottery Commission, told the Executive Council.
The state will get to keep 50% of gambling revenue, which could reach $10 million in the first full year of operations.
Online wagering could be up and running by the Super Bowl, which physical locations opening later in the spring.