Bill > SB60

This bill allows advanced deposit wagering (ADW) on horse racing in New Hampshire by establishing a comprehensive regulatory framework for such betting. The legislation authorizes the state lottery commission to license and regulate ADW providers, who must meet stringent requirements including demonstrating financial responsibility through surety bonds or letters of credit, submitting a detailed plan of operation, and protecting account holders. The plan of operation must address dispute resolution, account security, age and identity verification, financial safeguards, record-keeping, and annual financial and cybersecurity audits. Providers must be licensed and will be required to pay 1.25 percent of all wagers from New Hampshire residents to the state, with these revenues ultimately being deposited into the education trust fund. The bill also includes a transitional provision allowing existing ADW services to continue operating during the licensing process, with permission to do so granted for up to six months and no later than January 1, 2026. The legislation aims to bring existing online horse racing betting under state regulation, with an effective date of July 1, 2025, and is expected to generate approximately $212,500 annually in state revenue once fully implemented.

Budget and Finance

https://gc.nh.gov/bill_status/legacy/bs2016/bill_docket.aspx?lsr=430&sy=2025&sortoption=&txtsessionyear=2025&txtbillnumber=SB60