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 existing unlicensed operators to continue offering advanced deposit wagering services during the licensing process until January 1, 2026, provided they meet certain protections. The effective date for the bill is set for July 1, 2025. The fiscal impact is projected to generate approximately $212,500 annually in state lottery revenue, based on an estimated $17 million in advanced deposit wagering handle. The bill replaces the previous language in RSA 284:12, IV, by adding the new section 284:22-c while deleting the reference to RSA 284:22-b.

Statutes affected:
Introduced: 284:12