The sports betting handle in New Hampshire plummeted to $42.7 million in July, marking the lowest monthly figure since August 2021. Despite being 16.4% higher than July 2021, the handle represented a significant 20.3% decrease from the $53.6 million reported in June 2022. The New Hampshire Lottery released these figures, which also revealed that DraftKings dominated the online wagering market with $33.1 million in bets, while retail sportsbooks accounted for $9.5 million. Additionally, gross gaming revenue from sports betting reached $4.5 million, a 45.2% increase from the same month last year.
Sports Betting Handle and Revenue Breakdown:
In July, online sports betting through DraftKings contributed significantly to the overall handle, with $33.1 million in wagers. The remaining $9.5 million was wagered at retail sportsbooks. It is worth noting that in November 2019, DraftKings secured exclusive rights to offer online sports betting through the New Hampshire Lottery, solidifying its position in the state’s market. Gross gaming revenue from sports betting for July amounted to $4.5 million, a substantial 45.2% surge compared to the same period in the previous year. Of this revenue, $3.7 million was generated online, while $768,211 was generated through retail sports betting.
Tax Revenue and Allocations:
New Hampshire collected $2.1 million in tax revenue from sports betting in July. Online sports betting accounted for $1.8 million of the tax revenue, while retail sports betting contributed $345,695. The generated tax revenue serves as a crucial source of funding, with $2.1 million allocated to the New Hampshire Education Trust Fund, supporting educational initiatives, and local charitable organizations also benefiting from the proceeds.
Exacta Systems Launches Historical Horse Racing System:
Exacta Systems recently introduced its historical horse racing (HHR) system at Ocean Gaming Casino in New Hampshire. The system went live with 50 terminals, featuring popular gaming providers IGT, AGS, and IntuiCode. This expansion enhanced the casino’s gaming floor and provided visitors with a new and exciting gaming experience. Tax revenue generated from HHR wagers in New Hampshire contributes to the New Hampshire Education Trust Fund and local charitable organizations, further benefiting the community.
Future Outlook and Long-Term Commitment:
Despite the decline in New Hampshire’s sports betting handle in July, the industry remains dynamic and holds potential for growth. Operators will continue to explore strategies to attract more bettors and increase the handle in the coming months. The launch of Exacta Systems’ HHR system adds diversity to the state’s gaming offerings, providing an avenue for continued revenue generation. The commitment of Exacta Systems to the New Hampshire market reflects their confidence in the long-term viability and success of HHR.
New Hampshire experienced a dip in its sports betting handle in July, reaching its lowest monthly figure since August 2021. However, the overall handle was still higher compared to the previous year, indicating continued growth in the industry. DraftKings maintained its dominance in online sports betting, while retail sportsbooks also contributed to the wagering activity. The state’s tax revenue from sports betting supports important initiatives such as education and local charitable organizations. The introduction of Exacta Systems’ HHR system expands the gaming options available in New Hampshire, benefiting both the entertainment sector and community funding. Although challenges exist, the future of sports betting in New Hampshire remains promising, with operators and regulators focused on driving sustainable growth and delivering an enhanced gaming experience for all.