New Hampshire Sports Betting Revenue Soars 979.3% In March

Published April 30, 2021 by Sol FH

New Hampshire Sports Betting Revenue Soars 979.3% In March

After a record-breaking March, New Hampshire reaping the rewards from massive sports betting numbers.

Sports wagering was up Year-on-Year in the state of New Hampshire by 979.3% in March after a 404.6% leap in the region's handle for the month. The gross gaming revenue from sports wagering hit $4.3m in March, which increased from $394,229 in the same month last year, albeit COVID-19 impacted those numbers in 2020.

 The online option for punters was to bet online, as brick and mortar retail sportsbooks were closed from mid-March 2020. Making matters worse, at that time, professional sports competitions were limited and even the online options were few and far between.

This year, during the month of March, punters across the state wagered $55.8m on sports, up from $8.8m YoY in 2020. The state took a whopping $1.9m in tax revenue from sports betting.

Mobile Sports Wagering Takes Crown

Strengthening its position as the most popular way to bet was mobile sports betting, which accounted for $3.3m of all revenue in the month, with players wagering $44.4m on their mobile devices.

Retail sports gambling hit $913,486 in March after punters spent $11.4m at brick-and-mortar sportsbook retailers in New Hampshire, a new monthly record for the market.

From the beginning of the 2021 financial year, sports betting revenue for the nine months until the end of March was at $28.7m. Mobile was the solid breadwinner with $24.4m on mobile and $4.3m at retail locations. The state collected $13.2m in tax revenue.

Punters spent a total of $392.3m in the nine months with $334.2m of this on mobile devices and the remaining $58.1m at land-based sportsbooks.

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