New Hampshire betting handle hits $55.8m in March

New Hampshire’s betting revenue was up by 979.3% year on year in March.

According to the latest figures from the New Hampshire Lottery, sportsbooks in the state took $55.8m in bets in March, up from the $8.8 wagered in March 2020. 

Last year’s figures were significantly impacted by the coronavirus pandemic, which forced land-based casino sportsbooks to close their doors to the public in March 2020. 

The pandemic also led to the postponement and cancellation of almost all high-profile sporting events across the globe.

Meanwhile, sportsbooks in the state managed to generate $4.3m in revenue, a significant increase on the $394,229 generated this time last year. 

The state of New Hampshire received $1.9m in tax revenue from sports betting in March.

Online vs land-based

Looking closer at the figures, online and mobile betting made up the majority of handle and revenue in March.

Bettors wagered $44.4m via the online DraftKings sportsbook in the state, while land-based betting made up $11.4m of March’s handle.

In terms of revenue, $3.3m came from online betting while land-based sportsbooks accounted for $913,486 of the total revenue for March.

For the year to date, in the last nine months, New Hampshire betting revenue amounts to $28.7m. Of this, $24.4m came from online betting while land-based betting accounted for $4.3m. 

During this period, the state collected $13.2m in tax revenue from sports betting activities.

In the last nine months, bettors wagered $392.3m with $334.2m being wagered via mobile and $58.1m being processed at land-based sportsbooks.

Sports betting in New Hampshire

New Hampshire became the second New England state to legalise sports betting in July 2019.

Land-based, online, and mobile sports betting is legal under the state’s law which allows the New Hampshire Lottery to award licenses to 10 land-based venues and five online and mobile sportsbooks.

At the end of November 2019, DraftKings was awarded an exclusive contract to offer sports betting after being selected through a competitive bidding process.

DraftKings went on to launch its mobile sportsbook in the Granite State in January 2020.

Currently, DraftKings exclusively operates both online and land-based sports betting in the state of New Hampshire.

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