New Hampshire sports betting handle drops to $42.4m in May

New Hampshire’s revenue and handle continued its monthly decline in the month of May.

According to the New Hampshire Lottery’s latest monthly report, bettors in the state wagered $42.4m on sports in May.

New Hampshire’s betting handle was up by 488.9% from the $7.2m wagered in May 2020 but, month-on-month, handle was down from $46.7m in April 2021.

May’s handle is also the lowest monthly handle figure since September 2020 when consumers spent $41.4m on bets.

Turning to revenue, sportsbook operators in the state generated $3.1m from sports betting in May, a major increase on the $424,947 generated this time last year. 

However, month-on-month, revenue was down slightly from the $3.3m posted in April.

For the financial year to date, sports betting revenue for the 11 months ending May 2021 currently sits at $35.1m with a player spend of $481.4m.

Online vs land-based

Once again, mobile sports betting dominated the market with bettors wagering $33.3m on sports via the DraftKings mobile sportsbook. 

In turn, this generated $2.2m in sports betting revenue for the sportsbook operator in May.

Meanwhile, land-based sportsbook facilities took $9.1m in sports wagers in May. Of this, operators held onto just $874,260 in revenue.

For the financial year to date, New Hampshire bettors have wagered a total of $404.9m on sports via the state’s mobile sportsbook, which has generated $28.9m in revenue.

Sports betting in New Hampshire

New Hampshire legalised sports betting in July 2019, making it the second New England state to approve sports wagering.

Under the state’s sports wagering laws, land-based, online and mobile sports betting became legal in the Granite State. The New Hampshire Lottery regulates the market and was given the ability to award licenses to 10 land-based venues and five online or mobile sportsbooks.

In 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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