After starting the year strong, New Hampshire sports betting took a small step backward in February.
The latest gaming report from the New Hampshire Lottery shows sports betting revenue reached $7,112,917, down from the $12.5 million generated last month.
New Hampshire sports betting handle up YOY in February
Although sports betting revenue took a slight tumble, the betting handle was up year-over-year.
DraftKings is the sole operator of retail and online sports betting in New Hampshire. It pays a 51% tax rate for those exclusive rights, tied for the highest sports betting tax rate in the US.
Feb 2023 numbers retail + mobile:
- $86,999,460 (handle)
- $7,112,917 (revenue)
Feb 2022 numbers retail + mobile:
- $70,866,282 (handle)
- $1,019,097 (revenue)
As mentioned, gross gaming revenue (GGR) for February 2023 was $7.1 million, up from $1.01 million generated in Feb. 2022.
For the month, NH online sports betting generated $7,144,854 million in revenue, while retail sportsbooks lost $31,936.
The total monthly handle was $86,999,460, translating to $3.2 million in state revenue. For the second straight month, over $75 million in betting handle came from online sports betting, while New Hampshire players gambled $11.5 million at commercial casinos.
NH sports betting revenue and gambling expansion
For the financial year to date, revenue in the eight months to the end of February 2023 was $58 million. The total betting handle stands at $623,755,682, with $26,714,279 generated in taxes.
Mobile sports betting FY 2023
- Handle: $478,409,232
- Revenue: $50,355,112
- Tax revenue: $23,397,843
Retail sports betting FY 2023
- Handle: $145,346,450
- Revenue: $7,728,289
- Tax revenue: $3,316,436
Speaking with PlayUSA.com, Senator Tim Lang said:
“I put an amendment in to take out slot machines, and that was to help our brick-and-mortar partners. That was to minimize any potential cannibalization, which I don’t think would occur but they were concerned about that.”
Without online slots, the games customers could play online include:
- Online poker