New Hampshire betting handle surges in December

New Hampshire saw sports betting handle hit a new high in December 2020.

According to the latest figures from the New Hampshire Lottery, sports betting handle hit a new high of $51.6m in December.

December’s betting handle also marked a significant increase on the $46.5m wagered on sporting events in November.

Despite processing record sports betting handle, total gross gaming revenue from sports betting dipped to $4.5m in December which marked a slight drop on the $4.8m generated in November.

Under the state’s agreement with DraftKings, the sole sports betting operator in the state, the state receives 49% of the operator’s sports betting revenue every month. As a result of this, the state’s revenue share for December amounted to $2.1m.

Mobile vs land-based 

Mobile was the most popular way to bet on sporting events in December after bettors in the state wagered $43.7m on sports via the DraftKings sports betting app. The operator managed to generate $3.7m from mobile sports betting in the state.

Mobile sports betting handle saw a significant increase on the $38.9m wagered in November but revenue in December was down 2.6% on the $3.8m generated in November.

The state’s land-based sportsbooks processed just under $8m in wagers in December which in turn generated $830,584 in revenue.

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 allowed 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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