The New Hampshire Legislature has introduced Senate Bill 168, a significant piece of legislation aimed at regulating online gambling within the state. Proposed on January 22, 2025, the bill seeks to establish strict guidelines for internet gaming operators, ensuring compliance with federal regulations and directing the proceeds from online gambling to various public funds.

At its core, Senate Bill 168 prohibits internet gaming operators from accepting revenue from jurisdictions sanctioned by the Office of Foreign Assets Control (OFAC) of the U.S. Treasury. Additionally, it bars operators from engaging in online wagering activities with countries where such gaming is illegal. The bill empowers the state commission to revoke licenses of operators found in violation of these provisions, reinforcing the state's commitment to lawful and responsible gaming practices.

One of the bill's notable features is its directive for the allocation of net proceeds from online gambling. These funds are earmarked for the education trust fund, the general fund, and reimbursement for municipalities providing tax exemptions to elderly, disabled, blind, and deaf residents. This financial strategy aims to enhance community support and educational resources while addressing the needs of vulnerable populations.

As the bill progresses, it has sparked discussions among lawmakers and stakeholders regarding its potential economic implications. While some view it as a means to generate additional revenue for the state, others express concerns about the social impact of expanded online gambling. The fiscal note for the bill is still pending, as the Office of Legislative Budget Assistant awaits input from the Lottery Commission and the Department of Revenue Administration.

The introduction of Senate Bill 168 marks a pivotal moment in New Hampshire's approach to online gaming, reflecting a broader trend across the nation as states seek to regulate and capitalize on this growing industry. As the legislative process unfolds, residents and community leaders will be closely monitoring the bill's developments, weighing its potential benefits against the challenges it may pose.