Sports fans in New Hampshire get ready for the state’s first Sportsbook launch. NH DraftKings Sportsbook is ready to accept mobile sports wagers after the New Hampshire Lottery Executive Council approve its sports betting contract. By all means, the NH DraftKings Sportsbook is ready to receive mobile sports bets by January during the NFL playoffs.
NH DraftKings Sportsbook
New Hampshire state lottery organized a competitive bidding process to select a sportsbook operator. Many top bookmakers in the country such as of Kambi, FanDuel Sportsbook, William Hill, BetAmerica, Roar and others participate in the bidding process. A winner is selected using a scoring system that values each company’s mobile, retail and lottery capabilities.
Accordingly, DraftKings Sportsbook won the only contract after offering the best financial package, top-rated mobile sports betting app and the fastest implementation timeline. Hence, it was selected as the New Hampshire Lottery’s sports betting partner and will share 50% of revenue with the Lottery for the exclusive mobile and retail sportsbook rights. The lottery will use its share of funding towards education within the state.
Matt Kalish, chief revenue officer and co-founder of DraftKings, said: “We look forward to collaborating further with the New Hampshire Lottery to bring the DraftKings experience to sports fans in the Granite State. In fact, our best-in-class mobile sportsbook and several retail locations throughout the state are sure to be a hit with all types of customers as legalized sports betting continues to expand across the country.”
Consequently, DraftKings, a Boston based company, will set up a local office in New Hampshire. This will allow DraftKings to be closer to the New Hampshire and check issues that arise with the online or retail sportsbook.
Notably, DraftKings will have to meet certain regulations set forth by the NH Lottery to launch a mobile app. Such as, an age restriction that requires users to be at least 18 years old. In addition, NH prohibits betting on college events featuring universities from the state or on events stages in New Hampshire.
NH Online Sports Betting
Gov. Chris Sununu signed H 480 into law on 12 July 2019 legalizing and regulating sports betting in New Hampshire. As a result, New Hampshire became the second New England state to legalize land-based, online and mobile sports betting. This allowed the New Hampshire lottery to conduct sports betting, not only online, but also in 10 physical locations around the state.
According to the law, bettors in New Hampshire must be at least 18 years old. Players can create an online account while located anywhere within the state lines. In addition, the bill permits in-play sports wagering via online platforms only.
The NH DraftKings Sportsbook launch will expand the business of the New Hampshire Lottery and engage new and existing customers. This will generate millions of dollars in additional revenue to support education in the state.
Indeed, DraftKings Sportsbook Mobile App will launch first in NH followed by retail sportsbooks throughout the state. However, retail sportsbooks in 6 cities might get approval to launch in the spring.
More about NH DraftKings Sportsbook
DraftKings, a leader in the daily fantasy sports industry, enters the New Hampshire state under the partnership of NH Lottery. It offers many wagering options on all the famous sports in the US.
Based on DraftKings New Jersey and Pennsylvania, we can expect NH DraftKings Sportsbook to offer a modern app, instantly updated lines, and a wide range of betting options such as Parlays, Spreads, Totals, Money line, Teasers, Over/Under and real money wagers on all major sports. In addition, we can also expect more unique betting options like pool brackets and live-bet.
Above all, the Cash Out option should be available. It allows better to lock up winnings before the real outcome is final based on the in-game odds. Not to mention, welcome bonus and other promotions along with a wide range of banking options and 24/7 customer support will make the sportsbooks entry in NH a grand success.
With NH DraftKings Sportsbook launch, sports fans in New Hampshire can look forward to wagering on all famous sports, such as: