- New Hampshire’s sportsbooks saw a month-to-month decrease in total handle, total revenue, total tax contributions, mobile handle and revenue, and retail handle in February.
- The lone bright spot in New Hampshire’s February revenue report was retail sportsbooks, which posted their second-largest revenue figure of the 2022 fiscal year.
CONCORD, N.H. – New Hampshire’s sportsbooks suffered an absolutely disastrous month from a revenue standpoint in February, based on the revenue report released by the New Hampshire Lottery.
New Hampshire Sports Betting Handles Down In February
According to the report, sportsbooks in New Hampshire handled a combined $70,866,282 in wagers during February; this number represents a significant decrease from January’s combined sports betting handle of $99,540,825.
Despite handles being down month-to-month, February’s handle represented a 39% increase compared to February 2021’s handle.
The New Hampshire Lottery breaks down the monthly legal sports betting handle and revenue figures into two categories: online sportsbooks and retail sportsbooks.
In February, online sportsbooks handled a much greater proportion of the total handle than retail sportsbooks, a combined $59,086,952 in wagers. This was a significant decrease from January’s online handle of $81,563,536.
Retail sportsbooks in New Hampshire handled a combined $11,779,330 in wagers, another significant decrease compared to January.
Retail Sportsbook Revenue Outperforms Online Books
While handles are down across the board, the February revenue figures are much more interesting.
Online and retail sportsbooks combined for a $1,019,097 revenue figure in February, which is down considerably from January’s revenue figure of $8,029,427.
However, retail sportsbooks held up their end of the bargain: the $1,004,503 in retail sports betting revenue seriously outperformed online sportsbooks, which reported a combined revenue figure of just $14,595. This led to just $6,327 being paid in state taxes.
This revenue figure was – by far – the weakest for online sportsbooks in New Hampshire in recent history. To compare, in January, New Hampshire’s online sportsbooks reported a combined revenue figure of $7,123,578.
While February’s online sports betting revenue cratered, retail sports betting enjoyed its strongest revenue month since October 2021.
For the 2022 fiscal year (which began in July 2021), sportsbooks in New Hampshire have handled a cumulative $579,379,004 in wagers, good for $32,349,052 in revenue and $15,040,996 in state taxes.
Jerad has been a welcomed addition to the LegalSportsBetting.com writing team. Covering topics regarding the expansion of sports betting in the US, Jerad focuses on legislative efforts, bill signings and other methods for sports betting legalization. Finishing his education as a college baseball player, Jerad has first-hand knowledge of competitive sports, paired with years of personal sports betting as well. As a political science major at the University of Central Florida, Jerad covers the political, legal, and legislative aspects of sports gambling without any issues.