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NH Sports Betting Bill Sent To Governor’s Desk Filed Under: Legalized Sports Betting , New Hampshire CONCORD, N.H. (AP) — Sports betting is close to becoming legal in New Hampshire. The House voted Thursday to accept the Senate’s minor changes to a bill that would legalize betting on professional sports and most Division I college sports, excluding games involving New Hampshire schools. The bill now goes to Republican Gov. Chris Sununu, who supports it. The Senate changed the bill’s effective date so that the regulatory system could be in place early next year. Both mobile and retail gambling would be allowed, producing an estimated $7.5 million for education in fiscal year 2021, and $13.5 million two years later. Supporters argue legalization will bring black market activity to the surface and provide support for problem gamblers through a new Council for Responsible Gambling. Opponents argue it continues the state’s reliance on problematic revenue sources. (© Copyright 2019 The Associated Press. All Rights Reserved.

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Any transaction of this magnitude is complex, but this one involves out a myriad of details tied to sports betting and Caesars owns 34 properties across nine US states, primarily under the Harrah’s and Horseshoe brands. It also owns a nationwide database of casino customers, an invaluable asset for a company expanding into new markets as aggressively as Eldorado. A good chunk of the press release centers on the benefits of the Caesars Rewards loyalty system. Between that and Eldorado’s own program, the combined company will have a database of some 65 million people. Unfortunately, Caesars also brings with it billions of dollars in outstanding liability. The company only emerged from bankruptcy in 2017, the result of a previous takeover attempt that saddled it with debt during the financial crisis a decade prior. Caesars currently offers legal sports betting in four US states. Caesars’ appetite for sports betting is insatiable. After hiring Scientific Games to power its products outside Nevada , the company forged high-value partnerships across the spectrum: Some of those deals are especially significant. Both broadcast agreements will spawn new studios inside of Caesars sportsbooks, for instance, while the league-level partnership grants the use of NFL logos and other assets. In addition to its own sportsbooks, Caesars also has access to the New York market via a partnership with the Oneida Nation.

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