DFS operators set to kick off in New Hampshire

According to a report published by The Concord Monitor, the bill does not contain any big changes. Currently, the companies facilitating the games will be required to register with the state, though they will not be taxed.

The measures also demands DFS operators to uphold common consumer protection practices, such as keeping operational and player funds separate and offering guidance to players who may need assistance with compulsive gambling problems. 

The law is limited to daily fantasy sports, which is defined in the legislation as a simulated game where winning is a reflection of “the relative knowledge and skill” of the participant. Placing a wager on a game’s outcome is still illegal in the state and can result in a misdemeanor.

“Our authority is limited to registering these entities who will be accepting an entry fee for these various types of fantasy sports betting that the organizations offer,” said Valerie King, who will oversee the agency regulating fantasy sports in New Hampshire. “Anything outside of that, we do not have any authority. We are given the authority to register these and if they are found not being compliant to the statute, we can pull their registration.”