The state of New Hampshire became the 16th state to legalize sports betting in July, but it has been a little while since any progress has been made. That changed earlier this week when the state asked potential sportsbook operators to submit bids for a license. This is a massive step by the New Hampshire state government and makes it clear that sports betting could launch in the very near future. There will still be some major questions to answer and some hoops to jump through, but sports bettors in New Hampshire are excited by this new development.
New Hampshire published the request for proposals on Wednesday, and vendors have until an Aug. 26 deadline to submit their applications. The document was 71 pages in length and was very similar to the documents have been put out there in other states.
New Hampshire sent this document out to interested parties via mail and e-mail, but they also put a copy of the RFP on the internet. Anyone interested in submitting a bid can find the link under “Current Bidding Opportunities” on the State of New Hampshire Department of Administrative Services’ Bureau’s website.
There are several different options available to interested parties, and each of them will come with different levels of responsibility. All of the proposals will be graded on a scale of 1,000 points. New Hampshire law has allowed for 10 physical sportsbooks, and an additional five mobile/online sportsbooks. New Hampshire lottery is also looking for a partner to help them operate the sports betting industry for up to 1,400 retail sports betting locations.
The 71-page document has established a timeline for all of this to be done. New Hampshire is targeting a date of Oct. 17 to select the vendors for each of three categories. The Lottery will then begin working with the selected vendors to approve a guaranteed contract by Nov. 20.
The vendors will be required to develop their own skin and also build out retail space as well as come up with their own business plan. All of the vendors will work closely with the Lottery to get things up and running, but they will operate on their own.
There are nine different categories that each of the proposals will be graded on, with each of them having a different point scale. Vendors will be required to describe their business history and business structure at the beginning of their proposal.
Another important aspect is that each proposal will have to describe how they will design and implement a mobile or retail betting platform. They also have to describe all of the sports betting services that they plan to offer and how they will deal with any possible issues that may arise.
All of the mobile and retail contracts will be awarded for a six-year term, while the Lottery contract will be for five years. New Hampshire joins Rhode Island as the only two states in New England to offer sports betting, and the state is hoping to bring in a ton of revenue. There still isn’t a launch date at this time, but expect it to be sometime early in 2020.