The latest monthly revenue report from the New Hampshire Lottery reveals that the state’s licensed sportsbooks reported a sports betting handle of $42,367,381 for the month of May.
The latest figures mark a 9.3% drop on April’s sports betting handle of $46,700,713. January 2021 remains the state’s record month since legal sports betting launched on December 30th 2019. That month saw a combined handle of $59,795,433 reported by New Hampshire sportsbooks.
Mobile sports betting accounted for 78.5% of all bets placed during the month with a total online handle of $33,274,616. Online sports betting generated gross gaming revenue (GGR) of $2,240,970. This resulted in a revenue share of $1,040,205 for the state. Despite a lower overall handle, this represented a slight increase on April’s state revenue share of $1,017,465.
Meanwhile retail sports betting outlets took in $9,092,764 in wagers down slightly from April’s figure of $9,285,013. Retail GGR came in at $874,260 which resulted in a state revenue share of $393,417 a drop on April’s share of $463,382.
Combined GGR from both mobile and retail sports betting totaled $3,115,230 resulting in an overall state revenue share of $1,433,622.
With the state fiscal year set to end on June 30th, New Hampshire looks set to break the $500M mark for the year from legal sportsbetting, as the current year-to-date handle stands at $481,380,680. So far this year sports betting has generated revenue of $35,095,816 resulting in a state revenue share of $16,159,417.
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.