NH sports betting revenue slips to four-month low in December

Sports betting revenue in New Hampshire fell to a four-month low in December, despite the state’s handle reaching its second-highest monthly total on record.

Player spending in the state reached $86.4m (£63.5m/€76.2m) in December, up 67.4% from $51.6m in the same month of 2020. This was also 2.9% higher than November 2021, but 12.0% off the $98.2m record set in October last year.

DraftKings’ mobile sportsbook accounted for the majority of wagers placed in December, with consumers spending a total of $65.6m online. A further $20.9m was wagered at the operator’s three retail betting facilities in New Hampshire.

Gross gaming revenue, after winnings were paid out to players, reached $2.6m, which was 42.2% lower than $4.5m in December of 2020 and 58.1% down from the record $6.2m in November 2021.

This was also the lowest monthly total since $1.6m was posted in August 2021.

Mobile sports betting was responsible for $2.4m of overall revenue, with the remaining $198,534 coming from retail sportsbooks.

Sports wagering tax for the month amounted to $1.1m, with $1.06m coming from mobile activities and $82,408 retail.

For the financial year-to-date, handle fir the six months to the end of December 2021 was $409.0, while gross gaming revenue reached $23.3m.

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