This bill introduces advanced deposit wagering for pari-mutuel betting on horse racing in New Hampshire, allowing residents to place bets through licensed providers. It amends RSA 284 by adding a new section, 284:22-c, which outlines the requirements for licensed providers, including demonstrating financial responsibility through surety bonds or other guarantees, and submitting a detailed plan of operation for approval by the lottery commission. The plan must include measures for dispute resolution, account security, identity verification, and financial audits. Additionally, the bill establishes a revenue-sharing model where licensed providers must pay 1.25% of all wagers from New Hampshire residents to the state, with funds directed to the education trust fund.

The bill also allows current unlicensed operators to continue offering advanced deposit wagering services until January 1, 2026, while they undergo the licensing process. It deletes the reference to RSA 284:22-b in the existing law and adds the new section 284:22-c to the list of authorized pari-mutuel pools. The bill is set to take effect on July 1, 2025, and is projected to generate significant revenue for the state, with estimates suggesting an increase of $212,500 annually once fully implemented.

Statutes affected:
Introduced: 284:12
As Amended by the Senate: 284:12