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New Hampshire sports betting revenue hits $81.0m in FY23


Sports wagering revenue in New Hampshire increased 57.0% year-on-year during the state’s 2023 financial year, while handle also edged up.

Gross gaming revenue for the 12 months to the end of June 2023 amounted to $81.0m, up from $51.6m in the previous year.

Of this total, $69.1m came from online betting, an increase of 57.1%. Retail betting revenue also jumped 56.6% year-on-year to $11.9m.

In terms of handle, players wagered a total of $883.7m on sports during the 2023 financial year. This was 2.6% higher than the previous year when $861.1m was bet.

Online wagering accounted for $709.8m of all wagers placed in New Hampshire, up 5.9%. In contrast, retail handle declined 8.9% to $173.8m in FY23.

The state generated $36.9m in tax from sports betting during the 12-month period, a rise of 54.4%.

Slow end to FY23 in New Hampshire

The increase comes despite a muted finish to FY23 in New Hampshire, with June being the second slowest month of the year.

Revenue in June amounted to $4.4m, down 8.3% from $4.8m in the same month in the previous year. This was also 37.1% lower than $7.0m in May and second only to August 2022’s figure of $4.2m.

Online betting revenue in June reached $3.7m, while retail’s share stood at $639,405.

Turning to handle, players wagered $39.3m in June, down 31.2% from $53.6m in the same month in the previous year.

Consumers spent $34.8m betting on sports online and a further $4.5m at retail sportsbooks across New Hampshire.

Tax from sports betting in June amounted to $1.9m.