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NH sports betting revenue up in April despite handle drop

News

The New Hampshire Lottery reported year-on-year and month-on-month increases in sports betting revenue despite a drop in handle.

Players spent $65.1m during the month, down 10.9% from $73.1m in April 2022 and 37.0% lower than the record $103.4m bet in March this year.

Online spend for April reached $56.8m, while a further $8.3m was bet at retail sportsbooks.

In contrast, revenue from sports wagering in April amounted to $6.7m. This was up 97.1% on 2022 and 39.6% more than in March.

Internet betting accounted for $6.1m of monthly revenue, with retail betting at $586,755.

New Hampshire collected a total of $3.0m in tax from sports wagering in the month.

For the financial year to date, handle for the 10 months to the end of April was $792.2m, with gross gaming revenue at $69.6m and tax $31.8m.