New Hampshire sports betting revenue tops $59 million in April
The state of New Hampshire legalized sports betting back in July 2019 and officially went live on December 30th, 2019. But figures releases this week show wagers were down 8% to $59.9 million in April.
There are now many states in which sports betting is legal, but New Hampshire is probably the most unique. Unlike most states in which there are several legal sportsbooks all competing for customers, New Hampshire just has one available sportsbook: DraftKings. Sports betting in New Hampshire is overseen by the New Hampshire Lottery, and DraftKings has a negotiated monopoly with the NH Lottery.
Even though New Hampshire does not have any professional sports teams, sports betting is still extremely popular among residents. In 2020, the first full of legal sports betting, the New Hampshire sports betting handle was $292,594,088.
From that, the New Hampshire sports betting revenue was a whopping $23,637,613. In 2021, the popularity of sports betting increased further, as we saw a New Hampshire sports betting handle of $703,899,047 and a New Hampshire sports betting revenue of $43,827,560.
The numbers grew in 2022 as well and thus far since legalization (through June 2023), we have seen a New Hampshire sports betting handle of $2,293,312,508 and a New Hampshire sports betting revenue total of $172,196,929. Needless to say that the sports betting business is booming given that these are the figures for the 42nd-most populous state in the country