New Hampshire Sports Betting Set for Record 2023 Despite October Dip

Wagers down by 48.3% year-on-year

New Hampshire Sports Betting Set for Record 2023 Despite October Dip - Tuesday, November 28th, 2023 10:32

DraftKings sports betting mobile app

The latest monthly revenue report from the New Hampshire Lottery reveals that sportsbooks and mobile sports betting apps took in over $77.8 million in wagers during the month of October.

According to the report, the state’s only sports betting provider DraftKings reported a 16.46% increase in overall wagering activity compared to the previous month. However, the latest figures represent a 14.78% decrease on the same month on 2022. Meanwhile, retail sports betting activity increased by 56.5% compared to September but dropped by 48.3% year-on-year.

DraftKings reported revenues of $8.7 million for October, up by 42.6% month-on-month, but down just 3% compared to October 2022. This brings the year-to-date revenue total to $64.1 million. This puts the state on track to beat 2022’s revenue total of $66.7 million and set a new all-time revenue record for a calendar year.

New Hampshire Sports Betting Set for Record 2023 Despite October Dip have totaled $28.4 million. With two months left, the state is set to comfortably beat the yearly tax record of $30.9 million set in 2022.

Year-to-Date Sports Handle, Revenues & Taxes in New Hampshire

New Hampshire Sports Betting Set for Record 2023 Despite October DipNew Hampshire Sports Betting Set for Record 2023 Despite October DipNew Hampshire Sports Betting Set for Record 2023 Despite October DipNew Hampshire Sports Betting Set for Record 2023 Despite October DipNew Hampshire Sports Betting Set for Record 2023 Despite October Dip
PeriodTotal HandleMobile Handle %Sportsbook RevenueWin %State Taxes
Jan 2023$97,163,18277.45%$12,317,536$5,604,577
Feb 2023$86,999,46086.78%8.18%$3,238,964
Mar 2023$103,390,74790.35%$4,828,0314.67%
Apr 2023$65,083,88387.32%$6,670,48210.25%$2,997,574
May 2023$52,137,61489.03%13.51%$3,078,159
Jun 2023$39,307,73988.45%$4,372,42911.12%$1,944,484
Jul 2023$36,929,34290.51%$3,511,8679.51%$1,551,249
Aug 2023$38,765,94089.70%$3,344,2128.63%$1,454,175
Sep 2023$66,848,81188.85%$6,178,3629.24%$2,687,999
Oct 2023$77,838,54184.59%$8,781,95111.28%$3,806,755
$664,465,25987.30%$64,160,2579.91%$28,490,814
Ciaran McEneaney

Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.