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Next month, for the first time, New Hampshire residents can "legally" draft players for fantasy football leagues.  Recently, Gov. Chris Sununu signed a law legalizing all fantasy sports games in the state. 

Jason Moon for NHPR

Tuesday lawmakers heard testimony on a bill that would regulate and tax fantasy sports in New Hampshire.

The bill would require fantasy sports companies to register with the state’s lottery commission, pay a registration fee, and then fork over 5% of the gross revenue from their operations each year.

The bill’s sponsor, Republican Gary Azarian, argued the regulations would create legal certainty for the relatively new industry.

Fantasy sports companies estimate more than 200,000 people in New Hampshire are participating in their games. Now, lawmakers want to get in on the cash.

A bill before the Senate on Thursday would make New Hampshire the latest state to legalize, regulate and tax fantasy sports run by companies such as DraftKings and FanDuel. Companies running fantasy games for the general public would have to register with the state, pay an annual fee of up to $5,000 and face a 5 percent tax.