Tax-hating New Hampshire bets on more betting

Regarding New Hampshire, whose lottery, started in the 1960s, launched America’s ever-growing state-sponsored gambling sector. The Granite State will do everything it can to avoid imposing broad-based taxes. “Live Free and Bet!”

From The New England Council (newenglandcouncil.com ):

“New Hampshire state officials have approved a contract with  DraftKings allowing the company to provide sport betting within the state. Based in Boston, DraftKings is a sports-tech and media entertainment platform with daily fantasy sports contests and sports betting.

“Gov. Chris Sununu signed a bill in July 2019 authorizing sports betting in the state. DraftKings was selected through a competitive bidding process, offering the best financial package, a highly rated mobile sports app, and a fast implementation timeline. Under the contract, approved by the New Hampshire Executive Council in late November, the New Hampshire Lottery will receive 50 percent of gaming revenue from the sports betting sales. In effort to continue to work closely with the state lottery, DraftKings has plans to open an office in New Hampshire. The state’s launch of the mobile sports betting is expected to occur this month.

“‘We are partnering with a world-class company to provide a first-rate customer service experience,’ Governor Sununu said. ‘With today’s vote, everyone will now be able to bet on Tom Brady and the New England Patriots in time for this year’s Super Bowl.’

“‘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,’ said Matt Kalish, DraftKings co-founder and chief revenue officer.’’