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There’s finally some good news about New Hampshire sports betting handle.
Recent data from the New Hampshire Lottery revealed that the amount of money gambled on sports rose month-on-month, for the first time since March stopping a four-month slide.
NH sports betting handle up nearly $2M in August
This past month, New Hampshire sports betting handle rose from $36.9 million in July to $38.8 million. However, gross gaming revenue (GGR) fell from $3.5 million to $3.3 million, marking the third straight month GGR was down.
| Month | Mobile Sports Betting Revenue | Retail Sports Betting Revenue | Combined Revenue | % Change, Month-on-Month |
|---|---|---|---|---|
| August 2022 | $3,813,128 | $386,112 | $4,199,240 | -6.2% |
| September 2022 | $7,732,294 | -$374,088 | $7,358,206 | 75.23% |
| October 2022 | $6,619,799 | $2,458,885 | $9,078,684 | 23.38% |
| November 2022 | $5,385,720 | -$422,119 | $4,963,600 | -45.33% |
| December 2022 | $7,940,526 | $389,635 | $8,330,161 | 67.82% |
| January 2023 | $8,010,858 | $4,553,590 | $12,564,448 | 50.83% |
| February 2023 | $7,144,854 | $31,936 | $7,112,917 | -43.39% |
| March 2023 | $2,769,152 | $2,058,879 | $4,828,031 | -32.12% |
| April 2023 | $6,083,726 | $586,755 | $6,670,482 | 38.16% |
| May 2023 | $6,128,045 | $914,424 | $7,042,470 | 5.58% |
| June 2023 | $3,733,024 | $639,405 | $4,372,429 | -37.91% |
| July 2023 | $3,112,222 | $399,644 | $3,511,867 | -19.68% |
| August 2023 | $3,073,976 | $270,235 | $3,344,212 | -4.77% |
According to the NH Lottery’s August report, the GGR drop follows the same trend in 2022. Last year GGR fell around $300,000 from July to August.
What’s ahead for New Hampshire sports betting revenue?
If 2022 is any indication, sports betting handle and GGR should see a significant increase in September thanks to the start of the NFL season.
Handle languished around $43 million in July and August 2022 before skyrocketing to $78.2 million in September and $91.3 million in November.
The handle is tracking about $6 million less per month this fiscal year than last year. So we’ll likely see the handle hit the low $70 million range in September and climb to the mid-to-high $80 million range in October.
GGR can be harder to predict, but based on 2022 trends, it’s likely we’ll see numbers approach $7 million in September and $8 million in October.
