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Can you summarize NHRS 287-I:3?
SPORTS BETTING > Commission Agents.
Short Summary
This legal document pertains to the commission agents responsible for conducting sports books for sports wagering activities within the state. The agents are selected through a competitive bid process and must be approved by the governor and executive council. The contract between the commission and the agent is based on the state receiving a percentage of revenue from sports wagering activities. The commission is responsible for ensuring that the selected agent demonstrates financial stability, responsibility, good character, honesty, and integrity. The selection process considers factors such as the agent’s experience, background, ability to serve proposed locations for sports book retail operations, mobile and Internet capabilities, contribution to economic development within the state, commitment to prevention of problem gambling, responsible gaming, and integrity in betting. The commission selects a group of bidders who best meet the specified criteria and then chooses the agents from that group based on the highest percentage of revenue provided to the state. All agents are subject to criminal and financial background checks as prescribed by the commission.
Whom does it apply to?
Commission agents selected through a competitive bid process and approved by the governor and executive council
What does it govern?
Sports wagering activities within the state
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
New Hampshire