New Hampshire Sports Betting Posts $46.7M in April Handle

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New Hampshire sports betting also went with the flow of a slow month and reported $46.7 million in April handle, representing a 16.3% decline. March had brought in $55.8 million for the state, thanks largely to the NCCA Men’s Division I Basketball Tournament more commonly known as March Madness.

According to the latest figures released by New Hampshire Lottery, mobile handle accounted for $37.4 million of the total wagered in April, down 15.8% from March’s mobile share of $44.4 million. Only $9.3 million was wagered through retail sports betting.

Despite a significant but expected decline between the two months, mobile handles remained steady in April. New Hampshire mobile handle accounted for 80% of the total April handle, almost the same percentage reported in March (79.6%).

Operators reported gross revenue of $3.3 million, representing 22.4% from March’s $4.3 million. New Hampshire State generated $1.4 million last month, compared to $1.9 million in March.

Why Did April Handle Fall?

New Hampshire’s ‘bad’ numbers in April follow a national trend of legal sports betting states all of which reported similar declines for the month. March had the luxury of the NCCA Tournament, the biggest sporting event of the year, which enabled states to bring in higher handles than February’s. According to the New Hampshire Lottery, March Madness accounted for $15.1 million in the state’s handle.

April had nothing significant for bettors except for the Final Four and the national title game in early April. US sports betting was bound to go in relative hibernation for the rest of the month.

Though the Granite State has not been a huge sports betting market, the lottery expects better months ahead.

New Hampshire online sports betting has only one option- DraftKings- which is popular among the residents as figures show.

Still, Far Better Than April 2020

Despite a month-over-month dip, New Hampshire sports betting witnessed a considerable recovery year-over-year. Its $3.3 million revenue in April was a whopping 1158% increase from what the Granite State’s sportsbooks generated during the same period last year.

April 2020 was the first full month of pandemic-led shutdowns, following mid-March’s decision to that effect. New Hampshire retail sportsbooks were forced to close, while leagues were forced to cancel sporting activities.

As a result, New Hampshire reported only $262,393 in April 2020’s revenue.

New Hampshire became the 14th US state to provide legal sports betting when Gov. Chris Sununu placed its ceremonial first bet by the end of 2019.

DraftKings, Only Online Option

Since the launch of New Hampshire sports betting in Dec. 2019, more than $500 million have been wagered in the state. DraftKings is the only digital sports betting option in the state, owing to a contract between the state and the Boston-based company, which allowed the company to have an online monopoly.

 In exchange, DraftKings splits its 50% revenue share with the state.

As of now, there are over 50,000 registered customers at DraftKings in Granite State.

There are two retail sportsbooks in New Hampshire as well.

Earlier this month, Gov. Sununu said he’s proud that the system his administration had designed has enabled New Hampshire to become the premier destination for sports betting in New England.

Another New England state- Connecticut – has legalized its sports betting, and expects to launch later this year. Connecticut becomes the third New England state to regulate sports betting, joining New Hampshire and Rhode Island.

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