New Hampshire Sports Betting: A Complete Guide
Sports betting has been a reality in New Hampshire since 2019, offering fans a way to engage with their favorite sports on a deeper level. This guide provides a comprehensive overview of the sports betting landscape in the Granite State, from its legal status and available sportsbooks to betting tips and responsible gaming resources.
Legal Status and History
New Hampshire legalized sports betting in 2019, becoming the second state in New England to do so. Governor Chris Sununu signed the legislation into law, paving the way for both online and retail sports wagering. The New Hampshire Lottery was tasked with overseeing the industry and selected DraftKings as the state's exclusive sports betting partner. This partnership means that DraftKings is the only legal online and retail sportsbook operator in New Hampshire.
Available Sportsbooks and Their Features
As the sole operator in the state, DraftKings offers a comprehensive sports betting experience to residents and visitors in New Hampshire. Bettors can access DraftKings through its user-friendly mobile app or visit one of the several retail sportsbook locations across the state.
DraftKings Sportsbook App
The DraftKings Sportsbook app is available for both iOS and Android devices and is the primary platform for online sports betting in New Hampshire. The app is known for its intuitive interface, a wide array of betting markets, and features like live, in-game betting, same-game parlays, and various promotional offers. To use the app, you must be at least 18 years old and physically located within the borders of New Hampshire.
Retail Sportsbooks
For those who prefer a more traditional betting experience, New Hampshire has several retail sportsbook locations, all operated by DraftKings:
- The Brook: Located in Seabrook, this is one of the largest retail sportsbooks in the state, offering a modern and comfortable environment for watching games and placing bets.
- Revo Casino & Social House: With locations in Manchester and Dover, Revo Casino provides a lively atmosphere for sports betting enthusiasts.
- Gate City Casino and The Nash Casino: Both located in Nashua, these casinos offer convenient options for sports betting in the southern part of the state.
Types of Bets Available
DraftKings offers a wide variety of betting options to cater to all types of sports fans. Some of the most common types of bets include:
- Moneyline: A straightforward bet on which team will win a game.
- Point Spread: A bet on the margin of victory in a game.
- Totals (Over/Under): A bet on the total number of points scored in a game.
- Parlays: A combination of multiple bets into a single wager, offering higher potential payouts but also increased risk.
- Teasers: A type of parlay where you can adjust the point spreads in your favor in exchange for a lower payout.
- Prop Bets: Bets on specific events within a game, such as a player to score a certain number of points.
- Futures: Bets on events that will happen in the future, such as a team to win a championship.
Tax Implications for Winnings
It is important for bettors in New Hampshire to be aware of the tax implications of their winnings. All sports betting winnings are considered taxable income by the federal government. If you win $600 or more, you may receive a Form W-2G from the sportsbook. It is recommended to keep a record of your wins and losses for tax purposes.
While New Hampshire has a high 51% tax rate on sports betting, this tax is levied on the operator's revenue, not on the bettors' winnings. This means that your winnings are not subject to a state tax in New Hampshire, but you are still responsible for federal taxes.
Mobile vs. Retail Betting Options
New Hampshire offers the flexibility of both mobile and retail betting, each with its own advantages.
- Mobile Betting: The DraftKings app provides the convenience of betting from anywhere in the state. You can place bets on the go, access a wider range of betting markets, and take advantage of online-exclusive promotions.
- Retail Betting: Retail sportsbooks offer a more social and immersive experience. You can watch games on big screens, interact with other fans, and have the assistance of staff to help you place your bets.
Tips for Bettors in New Hampshire
- Bet with your head, not your heart: Avoid betting on your favorite team unless you have a clear and objective reason to do so.
- Manage your bankroll: Set a budget for your betting activities and stick to it.
- Shop for the best lines: Even though DraftKings is the only option in New Hampshire, it's still a good practice to compare their lines to other sources to understand the market.
- Take advantage of promotions: DraftKings regularly offers promotions and bonuses that can provide extra value.
Responsible Gaming Resources
New Hampshire is committed to responsible gaming and provides resources for those who may be struggling with a gambling problem. The New Hampshire Council on Problem Gambling offers a confidential helpline and other resources to help individuals and families affected by problem gambling. You can reach them at (603) 724-1605. Additionally, DraftKings provides tools within its app to help you manage your play, such as setting deposit limits, spending limits, and self-exclusion options.