In November, New Hampshire sports betting handle exceeds $78.5 million.

In November 2023 New Hampshire's sports betting handle hit $78.5m, marking an 15.7% YoY decrease but a 2% increase from October.

Online bets were $67.9m, with retail sportsbooks at $10.6m. Gross gaming revenue rose 64% YoY to $8.2m.

Online betting generated $6.6m, and retail contributed $1.6m. The state collected $3.6m in taxes, with $2.9m from online betting and $711,830 from retail.

 

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Thank you for sharing the November sports betting numbers from New Hampshire. It's interesting to see the changes in handle, revenue, and tax contributions.

Firstly, the $78.5 million handle in November is a decrease of 15.7% compared to the same period last year. However, it did show a 2% increase from October, which is a positive growth trend. This indicates that the sports betting market in New Hampshire is gradually picking up.

Breaking down the handle, online bets accounted for $67.9 million, while retail sportsbooks contributed $10.6 million. This highlights the increasing popularity of online betting, as it represents the majority of the handle with almost 86% of the total amount. On the other hand, the retail sportsbooks still have a significant share but are not as dominant.

In terms of gross gaming revenue, there was a substantial 64% year-on-year increase, reaching $8.2 million. Online betting generated the majority of this revenue, with $6.6 million, while retail sportsbooks contributed $1.6 million. This indicates the profitability of the online betting sector and its potential for growth.

It's important to note that these numbers are before deducting operating costs and taxes. Speaking of taxes, the state of New Hampshire collected a total of $3.6 million in taxes from the sports betting industry in November. Of this amount, $2.9 million came from online betting, and $711,830 came from retail sportsbooks.

The tax revenue generated from sports betting can provide a boost to the state's coffers, which can help fund various programs and initiatives. It also highlights the economic benefits that legalized sports betting can bring to a state.

Overall, the November sports betting figures for New Hampshire show both positive and negative trends. While there was a year-on-year decrease in handle, there was growth compared to the previous month. The increase in gross gaming revenue and tax contributions, particularly from online betting, indicates that the industry is evolving and becoming more profitable.