New Hampshire October Sports Betting Handle Reaches Seven-Month High

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The New Hampshire Lottery Commission recently released its financial report for October, indicating a significant milestone in the state’s sports betting activities. According to the report, New Hampshire has achieved its highest level of sports betting handle in the past seven months.

During the month, players in the state collectively placed bets totaling $77.8 million, marking a 16.5% increase compared to September’s total of $66.8 million. However, this figure is lower by 14.8% when measured against the handle reported in October 2022, which amounted to $91.3 million.

The sports betting app handle for October is the highest monthly figure the state has seen since March 2023, when it recorded $103.4 million in bets.

Currently, DraftKings is the sole provider of online sports wagering services in New Hampshire, having obtained exclusive rights to operate within the state in November 2019.

The bulk of the betting handle in the Granite State came from the mobile sportsbook, amassing $65.9 million in wagers. On the other hand, retail sportsbooks contributed $12.0 million to the overall betting handle, showcasing a substantial preference for mobile platforms among bettors in the state.

Related Pages: States with Legal Sports Betting | Sports Betting Tools

New Hampshire Records the Highest Betting Revenue Since January

October marked the highest sports betting handle in New Hampshire since March while also recording the state’s highest gross gaming revenue for sports betting since January.

The state recorded a GGR increase to $8.8 million, marking a 41.9% rise when compared to the $6.2 million in September. However, this figure is 3.3% lower than the $9.1 million reported in the same month of the previous year.

October’s sports betting revenue marks the second highest in the 2023 calendar year, trailing behind January’s record of $12.6 million. Yet, it is the highest revenue generated within the 2024 fiscal year, which commenced in July 2023.

The revenue surge in October was attributed to online betting, totaling $8.4 million, which registered a more than 50% increase from September and a 27.2% rise from October 2022’s $6.6 million revenue. Retail betting, on the other hand, contributed $334,433, reflecting a 54.8% decrease from the previous month’s revenue.

The state raked in $21.8 million in total revenue for the fiscal year from a combined sports betting handle of $220.4 million. The GGR in July amounted to $3.5 million and $3.3 million in August. Online betting contributed $20.2 million to the total revenue, while retail wagering accounted for $1.6 million.

The state accumulated a total revenue share of $9.5 million throughout the fiscal year, with $8.8 million from mobile sportsbooks and $720,415 from retail locations.

In July, there was a contribution of $36.9 million to the handle sum, while August added $37.8 million. Mobile bets totaled $193.2 million, while retail bets amounted to $27.1 million in the state.

The state received $3.8 million for October’s tax revenue, with $3.7 million stemming from the mobile sportsbook and $144,756 from retail operations.

About the Author
Tebearau Egbe

Tebearau Egbe

Tebearau Egbe is a seasoned gambling writer with over four years of experience. Armed with a Masters degree in philosophy, Egbe possesses a unique ability to dissect complex industry developments, distilling them into insightful narratives that captivate readers.

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