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New Hampshire sports betting handle continues to rise in November

News

Consumers in New Hampshire wagered $93.1m on sports during November, the highest monthly total for 11 months and 11.9% up from the same month in 2021.

Player spending was comfortably higher than the $83.2m wagered in November 2021 and also 2.0% more than $91.3m in October of 2022.

Of the total amount bet by consumers in November, some $69.1m was spent online, while the remaining $24.0m was wagered at retail sportsbooks in New Hampshire.

Turning to gross revenue and this reached $5.0m, down 19.4% from $6.2m in November of 2021 and also 45.1% behind the $9.1m generated in October 2022.

Online wagering was responsible for all revenue in November, generating a total of $5.5m. However, a $422,119 loss from retail betting led to a lower overall revenue amount.

Tax generated from sports wagering during the month amounted to $2.2m. All of this came from online betting, with tax share from this area of the market reaching $2.4m, whereas the retail share was negative $215,279 due to the monthly loss.

For the financial year to date, consumer spending in the four months through to the end of November was $348.7m, with gross gaming revenue at $30.1m and tax tagged at $14.0m.