New Hampshire

Online Sports Betting in New Hampshire

New Hampshire is one of the early adopters of legalized online sports betting in the United States. As the sports betting industry continues to expand across the country, New Hampshire’s approach stands out for its simplicity and accessibility. This webpage will provide an in-depth look at the legal landscape of online sports betting in New Hampshire, covering key facts, statistics, frequently asked questions, and a brief conclusion on what the future might hold for sports betting in the state.

Key Facts and Statistics

1. Legalization: Online sports betting was legalized in New Hampshire in July 2019, making it one of the first states in the Northeast to embrace this industry. The state launched its first online sportsbook in December 2019.
2. Regulation: The New Hampshire Lottery Commission (NHLC) is responsible for regulating and overseeing online sports betting within the state. The NHLC ensures that all operations comply with state regulations.
3. Licensing: New Hampshire operates a unique model, with DraftKings being the sole operator licensed to offer online sports betting in the state. This exclusivity was part of a deal to maximize state revenue from the industry.
4. Age Requirement: The legal age for participating in online sports betting in New Hampshire is 18 years, which is lower than in many other states where the legal age is 21.
5. Revenue: New Hampshire’s online sports betting market has proven to be a significant source of revenue. In 2023, the state generated over $50 million in gross revenue from online sports betting.
6. Market Size: Despite its smaller population, New Hampshire’s online sports betting market is robust, with an increasing number of residents engaging in legal sports wagering.

Frequently Asked Questions

1. Is online sports betting legal in New Hampshire? Yes, online sports betting is legal in New Hampshire. It was officially legalized in July 2019 and has been operational since December 2019.

2. Who regulates online sports betting in New Hampshire? The New Hampshire Lottery Commission (NHLC) regulates all online sports betting activities in the state.

3. What sports can I bet on in New Hampshire? In New Hampshire, bettors can place wagers on a wide range of sports, including football, basketball, baseball, hockey, soccer, and more. However, betting on in-state collegiate teams is prohibited.

4. Are there any restrictions on betting in New Hampshire? Yes, while online sports betting is legal, there are restrictions, such as the prohibition on betting on in-state college teams. However, you can bet on college teams from other states.

5. How do I fund my online sports betting account? DraftKings, the sole licensed operator in New Hampshire, offers various payment methods, including credit/debit cards, PayPal, and bank transfers. Ensure your chosen payment method is secure and approved by the NHLC.

6. What is the legal betting age in New Hampshire? The legal age for online sports betting in New Hampshire is 18, which is lower than the minimum age in many other states.

Conclusion

New Hampshire’s early adoption of online sports betting has placed it at the forefront of this rapidly growing industry. With a well-regulated market, a reputable operator in DraftKings, and a steady stream of revenue, New Hampshire has crafted a successful model that other states may look to replicate. As the state continues to fine-tune its approach to online sports betting, residents can look forward to an increasingly seamless and exciting betting experience.