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
Recently, a bill to expand New Hampshire gambling was stripped of language that included online slots. The State Senate is expected to pass the bill, SB 104, on Thursday.
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
- Blackjack
- Roulette
- Craps
- Baccarat
