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New Hampshire Confirm Betting Deals With DraftKings And Intralot

Deal

The sports bettors of New Hampshire will be able to legally wager on the Super Bowl next year after a contract between the state lottery and betting operator DraftKings has formally okayed.

The New Hampshire Executive Council, supporting Gov. Chris Sununu on Monday, voted 3-1 in support of a deal whereby DraftKings will provide the New Hampshire Lottery with a land-based and online gambling app. The news, which was revealed to the media last week, is something of a formality.

The six-year contract covers both online and physical wagering, which includes the possibility of two-year expansions. The state expects mobile wagering to be up and running by January 2020, while the spring is expected to begin opening with a maximum of 10 retail sportsbooks.

Gov. Sununu said the government is “moving quickly to get this resolved and the agreement is a New Hampshire victory.” No joke. The contract calls for DraftKings to ante up 51 percent of the online gambling income and 50 percent of the state’s sales revenue, a fixed rate that guaranteed that DraftKings defeated the rival companies in the state vying for this (for the moment) near-monopoly.

The sports betting legislation of the state allows local people to decide on whether to operate a commercial sportsbook or not. Sportsbook openings have been accepted by residents in six cities so far, while other cities are expected to hold identical voting in early 2020.
Whether it’s online or land-based, gambling will be available to people 18 years of age or older, but they won’t be allowed to wager on New Hampshire college teams or any football games in the region.

New Hampshire also amended its deal with Intralot, a Greek operator that already powered the state lottery. Intralot will have the right to offer limited types of wagers at retail outlets on existing lottery kiosks, with the state claiming a 19.25% share of this revenue.

Source: https://calvinayre.com/2019/11/26/business/new-hampshire-draftkings-intralot-sports-betting/

About the author

Eshlin Vedan

Eshlin Vedan

Eshlin Vedan is a professional Journalist from South Africa. He loves writing about Sports especially cricket and football/soccer. Eshlin is a neutral when it comes to club football. He is especially fond of the English Premiership and his favourite part of the season is the relegation battle.

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