New Hampshire Returns Betting Revenue Record In November
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The state of New Hampshire has delivered a record $6.2m in sports wagering revenue for November. As well as this, the state handle was also announced as the second-biggest ever recorded in a month.
DraftKings Performs Well
The state announced that customers had wagered a total of $83.2m on sports during November. This was 15% less than the $98.2m that was placed the previous month, but an increase of 78.9% for the previous month in November. All of the numbers were supplied by the New Hampshire Lottery.
DraftKings was the big winner for the month. The state’s only licensed online operator took wagers totaling $62.3 million. The rest of the money that was spent during the month was spent in DraftKing’s three retail venues in the state.
The state took home record gross gaming revenue during the month. Once winnings had been given out to customers, the revenue amounted to a record-breaking $6.2m. This cleared the previous high which was recorded a month earlier at $5.4m. This was also an impressive 29.2% increase on what was recorded in the same month in 2020. These figures highlight that New Hampshire is becoming a state that is accepting online gambling.
Mobile Betting Delivers Strong Results
The bulk of the revenue was generated through mobile sports betting. It recorded $5.6m with retail venues bringing in a solid $549,000. This also helped boost the taxes that were taken home in the state. The New Hampshire State Lottery reported $2.9m had been paid in taxes thanks to sports betting. In total, $2.7m of this comes from mobile betting, with the rest coming from retail.
It’s been a strong year for betting New Hampshire in general. The state’s handles in the five months leading up to the end of November were a record $322.5m, and the gross gaming revenue generated in that window was $20.7m.
Betting revenue in New Hampshire has steadily increased ever since sports betting was legalized there. It came into force at the end of 2019 and the state has slowly embraced it ever since. At the time of writing, only DraftKings Sportsbooks are allowed to provide betting services there. It is unclear whether the increased revenue will encourage the state to allow more operators to provide their services there in the future.
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