In September, New Hampshire experienced significant fluctuations in its sports betting industry, with a 14.6% year-on-year decrease in the betting handle. However, the state saw a remarkable 72.2% increase compared to the previous month.
Sports Betting in New Hampshire:
Betting Handle:
The sports betting handle in New Hampshire for September was $66.8 million.
This represented a 14.6% decline compared to the previous year but a substantial 72.2% increase from August 2023 when it stood at $38.8 million.
Breakdown by Betting Type:
Online betting accounted for the majority at $59.2 million.
Retail betting contributed $7.7 million.
Gross Gaming Revenue (GGR):
New Hampshire’s GGR for September was $6.2 million, marking a 16.2% decrease from September 2023 ($7.4 million).
However, it surged by 87.9% compared to the previous month, August 2023, when it was $3.3 million.
Mobile vs. Retail Betting:
Mobile sports betting generated $5.6 million in revenue, while retail wagering contributed $609,874.
Tax Revenue:
New Hampshire collected $2.7 million in tax revenue from sports betting.
Of this amount, $2.4 million was derived from online betting, while $274,060 came from retail activity.
New Hampshire Lottery’s Remarkable Achievements:
Record Sales:
The New Hampshire Lottery reported a record $603 million in sales for fiscal year 2023.
This marked a substantial 12% increase from the previous high of $536.5 million in 2022.
Contributions to Education:
In support of New Hampshire public education, the lottery generated a record $187 million, reflecting a remarkable 27% increase.
Long-term Impact:
Since its establishment in 1964, the New Hampshire Lottery has contributed over $2.64 billion to public education.
This funding has played a pivotal role in supporting students, teachers, and schools across the state.
Sales Performance by Game:
Mega Millions:
Sales of Mega Millions tickets experienced an outstanding increase of nearly 104%.
Powerball:
Sales of Powerball tickets also saw a noteworthy boost, rising by 19%.
New Hampshire’s sports betting industry has witnessed fluctuations in recent months, with a significant year-on-year decline in the betting handle. However, this decline was offset by a remarkable increase compared to the previous month. In contrast, the New Hampshire Lottery achieved record-breaking sales in fiscal year 2023, making substantial contributions to public education. These contrasting trends underscore the dynamic nature of New Hampshire’s gaming and betting landscape. As the state continues to evolve, it will be interesting to see how these sectors adapt to changing conditions and contribute to the state’s future.