New Hampshire February Sports Betting Handle, Revenue Drop

New Hampshire February Sports Betting Handle, Revenue Drop
© USA Today

New Hampshire in February saw a nearly 15% decrease in total sports betting handle in February and a 57.5% decline in revenue — and there are reasons for both.

Most states saw handle drop in February because of three fewer days and one less weekend in the month and New Hampshire was no different. The revenue drop in New Hampshire is likely tied to Super Bowl wagering as bettors in the state went heavy on the Tampa Bay Buccaneers and former New England Patriots star Tom Brady.

RELATED: More on New Hampshire sports betting

New Hampshire in February reported $50.995 million in total handle ($42.975 million from mobile and $8.021 million from retail), a 14.7% decline from January, according to the the February report posted on the New Hampshire Lottery’s website. January was a record month in New Hampshire with $59.795 million in sports betting handle ($49.439 million mobile, $10.356 million retail).

The gross gaming revenue for February was $1.79 million ($1.723 million mobile, $65, 033 retail), while in January it was $4.197 million ($3.189 million mobile, $1.008 million retail). Taxes paid to the state for February came in at $769,387 ($746,876 mobile, $22,511 retail), a 59% drop from January’s $1.887 million ($1.433 million mobile, $453,395 retail).

New Hampshire Sports Betting February vs. January

Total handle Mobile handleRevenue (GGR)
ChangeDown 14.7%Down 13.1%Down 57.4%

Super Bowl 55 Betting

The New Hampshire Lottery said it saw more than $7.1 million in Super Bowl 55 handle. According to the lottery, 81% of the bets placed were on the Buccaneers, 31-9 winners over the defending champion Kansas City Chiefs on Feb. 7.

Betting on the Super Bowl in New Hampshire increased by nearly $5 million year over year. But the lottery paid out $8.8 million last month for a net loss of $1.7 million, it reported.

Overall Super Bowl 55 betting in the U.S. increased to more than $450 million from about $300 million in 2020. There were more states with legal sports betting in 2021.

Connecticut Closer to Adding Sports Betting

Rhode Island and New Hampshire are the two New England states where sports betting is legal, but another state could soon change that.

Connecticut on March 18 announced it had reached an agreement with the Mashantucket Pequot Tribe to allow sports betting and online casino gaming in the state. It came a week after the state announced a similar deal with the Mohegan Tribe.

The state, tribes and General Assembly in Connecticut still need to work out final details through legislation, but expanded gaming is closer than ever in the state.

Massachusetts and Vermont are considering sports betting legislation, while Maine approved a sports betting bill only to see it vetoed by the governor last year.

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