Senate Passes New Hampshire Online Casino Bill Despite Initial Concerns

Senate Passes New Hampshire Online Casino Bill Despite Initial Concerns

The New Hampshire Senate recently passed a bill that would allow online gambling in the state. This move comes despite initial concerns about the potential negative impacts of online gambling.

The bill, which was sponsored by Senator Lou D’Allesandro, passed by a vote of 13-10. It would allow for online casino games such as poker and blackjack to be offered to residents of the state.

The bill has been in the works for several years, but it faced opposition from some lawmakers who were concerned about the potential negative effects of online gambling. Some argued that it could lead to increased problem gambling and addiction, while others worried about the impact on brick-and-mortar casinos in the state.

However, supporters of the bill argued that online gambling is already happening in the state, but without any regulation or oversight. They also pointed out that neighboring states like New Jersey and Pennsylvania have already legalized online gambling and are seeing significant revenue from it.

Under the new bill, online gambling operators would be required to obtain a license from the state and pay a 10% tax on their gross gaming revenue. The bill also includes provisions to protect against problem gambling, such as requiring operators to offer self-exclusion options and setting limits on deposits and losses.

Proponents of the bill argue that it will bring in much-needed revenue for the state, which has been hit hard by the COVID-19 pandemic. They estimate that online gambling could generate up to $10 million in annual revenue for the state.

Opponents, however, argue that the potential social costs of online gambling outweigh any potential economic benefits. They point to studies that have shown a correlation between problem gambling and increased crime rates, bankruptcy, and other negative outcomes.

Despite these concerns, the bill has now passed the Senate and will move on to the House for further consideration. If it ultimately becomes law, New Hampshire will join a growing number of states that have legalized online gambling in recent years.

Overall, the debate over online gambling is likely to continue as more states consider legalizing it. While there are certainly potential benefits to allowing online gambling, it’s important to carefully consider the potential risks and take steps to mitigate them. Ultimately, the decision of whether or not to legalize online gambling will come down to a balance between economic benefits and social costs.