New Hampshire betting revenue amounts to $3.3m in April

New Hampshire’s betting market recorded significant year-on-year growth.

According to the latest figures from the New Hampshire Lottery, bettors in the Granite State wagered $46.7m on sports in April.

April’s handle was up 1,129% on the $3.8m wagered in April 2020, however, handle was down month-on-month from the $55.8m wagered in March.

This time last year, state-wide measures forced all land-based sportsbooks in the state to remain closed, while sporting events around the world were cancelled due to the coronavirus pandemic.

Meanwhile, sports betting revenue in the state amounted to $3.3m in April, a major increase on the $262,393 generated in April 2020 during the height of the coronavirus pandemic.

While revenue was up year-on-year, New Hampshire saw its betting revenue fall from the $4.3m generated the month prior.

Online betting vs land-based

Online sports betting dominated the market in April with bettors in the state wagering $37.4m on sports via the DraftKings mobile app.

Online betting also accounted for $2.3m of the state’s total betting revenue in the month of April.

Meanwhile, land-based betting revenue amounted to $1m from $9.3m in sports wagers.

For the financial year to date, betting revenue for the nine months ending April 2020 amounted to $32m from $439m in bets.

In the last nine months, bettors wagered $371.6m online while $67.4m was wagered at land-based sportsbooks.

In terms of revenue, for the year to date, online betting accounted for $26.7m of the state’s total revenue while $5.3m came from land-based betting.

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.

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