New Hampshire officials are concerned that the state may be losing out on hundreds of thousands of dollars worth of revenue to the TwinSpires advance-deposit wagering app, according to wmur.com.
State residents have signed up for the app and may use it to wager on races across the country, but none of that money is being returned to New Hampshire taxpayers.
“They're not regulated by us, nor do they operate on any confines of state law,” lottery executive director Charlie McIntyre told WMUR. “So, it's a grey area. It's a concern for us, obviously, because all other gambling in the state happens through us – either we license it, or we regulate it. In this case, neither.”
The New Hampshire lottery attempted an administrative regulation change to bring TwinSpires into compliance, but that failed, and now the state attorney general's office is looking into the app. A change in state law could be required, officials said.
Churchill Downs, Inc., the parent company of TwinSpires, faced a similar challenge in Texas and eventually had to cease operations in the state.
Read more at wmur.com.
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