Boston-based sports betting operator DraftKings has been awarded a contract by the New Hampshire Lottery Commission to conduct sports betting operations within the state. The contact, which allows Draftkings to conduct both mobile and retail sports betting operations, is valid for an initial term of six years, with two renewal options of two years each.
Under the terms of the agreement, DraftKings will pay 51% of gross gaming revenue on mobile betting to the lottery commission. The commission will also receive 50% of revenue generated at retail betting locations. Mobile betting with DraftKings is expected to be available in New Hampshire as early as January, with retail betting locations expected to start opening by early Spring.
“We moved fast to get this done, and the deal is a win for NH,” New Hampshire Governor Chris Sununu tweeted. “We are partnering with a world-class company to provide a first-rate customer service experience. With today’s vote, everyone will now be able to bet on @TomBrady and the @Patriots in time for this year’s Super Bowl.”
The agreement also leaves a path for the state's lottery partner, IntraLot, to enter the sports betting market via betting terminals. IntraLot already operates a network of lottery kiosks in the state, which could be updated to include sports betting options. IntraLot will pay the state lottery commission 19.25% of gross gaming revenue that is generated through it's terminals.
Additional expansions of sports betting options in New Hampshire are possible in the future. State law allows the state to set up sportsbook operations in as many as 10 physical locations, and to license up to five mobile sportsbetting brands.
Charlie McIntyre, the Executive Director of the New Hampshire Lottery, stated, “The introduction of sports betting will broaden the appeal of the New Hampshire Lottery and engage new and existing customers, while generating millions of dollars in additional revenue to support education.”
Betting on college teams within New Hampshire is prohibited under the law, however, all other sports betting options are available to anyone in the state age 18 or over, compared to the 21 year minimum age requirement in other states.