Sports Betting Continues to Decline in New Hampshire
LISTEN TO THIS ARTICLE:January saw a decline in New Hampshire sports betting with both the handle and gross gaming revenue down on January 2023.
Figures from the New Hampshire Lottery show that players spent $73.3 million in January 2024, a fall of 24.6% when compared to January 2023 and 7% lower than December 2023. It was also the second month in a row that saw a drop in the handle. Of the $73.3 million, $62.7 million was bet online and $10.6 million was bet at retail sportsbooks.
Related: New Hampshire Considering New Restrictions for Casinos
Gross Gaming Revenue Up from December
The news was slightly better in regards to gross gaming revenue. It was down a sizeable 20.3% from the record $12.3 million it hit in January 2023. However, it was up 27.3% from the $7.7 million in December 2023.
A total of $8.9 million in revenue came from online bets while an additional $951,079 came from bets placed at retail sportsbooks in the state. This resulted in $4.5 million in tax for January 2024, $4 million of which came from online betting and $427,987 from retail betting.
New Hampshire has just one online sportsbook operator, DraftKings, and it has held the position since November 2019.
Year-to-Date Handle Hits $450 Million
When looking at the handle for the seven months through to the end of January, bettors have spent a total of $450.9 million on sports betting. This breaks down to $390.8 million online and $60.1 million at retail bookmakers.
Over the same period, revenue hit $47.5 million with $42.4 million from online betting and $5.1 million from retail. This brought in a total of $20.9 million in tax, $19.6 million from online bets and $2.3 million from retail.
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