Without Sports, New Hampshire Betting Totals Fall In March

Without Sports, New Hampshire Betting Totals Fall In March

March was expected to be a big month for New Hampshire sports betting. Ten towns approved sports betting facilities early in the month. The addition of new sites was on track for the end of the month and expanded sports betting in the state would soon follow.

In addition to the new sites, the NCAA men’s basketball tournament, one of the biggest betting sports events in the U.S., was about to begin. But like every other state, New Hampshire bettors had few sports to wager on when the coronavirus shut down the sports world and the nation in mid-March. A decision by DraftKings, the sole sportsbook operator in the state, on the towns to receive sportsbooks was delayed.

New Hampshire reported $8,768,769 in sports betting handle in March, down 60% from the $22,130,928 in total handle reported in February, according to figures released this week by the New Hampshire Lottery. State revenue in March from sports betting was $394,229, down 41% from February’s $671,435.

New Hampshire Sports Betting March vs. Feb.

March 2020 Feb. 2020Change
Total Handle$8,768,769$22,130,928-60%
Total Revenue$394,229$671,435-41%

In January, the first full month of sports betting in New Hampshire, $17.3 million was wagered, resulting in $1.2 million in state revenue. When sports betting was first rolled out by DraftKings, some New Hampshire residents near the Maine border were reportedly blocked from placing online bets by geofencing technology, which is used to prohibit bets from outside of the state. The problem was quickly fixed.

RELATED: More On New Hampshire Sports Betting

After six weeks of sports betting, the one-millionth bet in New Hampshire was placed on Feb. 8, according to the lottery. In the first six weeks, $28.6 million was bet.

eNASCAR Added as Betting Option

Just last week, the lottery announced it was adding eNASCAR to its sports betting options. eNASCAR features a virtual race experience, in which online drivers compete in simulated races. More states have recently been adding eSports to betting options.

The next Coca-Cola iRacing Series race takes place on April 28 from the simulated Dover (Delaware) International Speedway. A race is schedule for July 12 at the virtual New Hampshire Motor Speedway.

Gov. Chris Sununu signed a sports betting bill into law last year and placed the first online bet in late December. The law legalized online sports betting and allows for up to 10 retail sportsbook locations in the state.

New Hampshire gave Boston-based DraftKings exclusive rights in the state after it agreed to pay the lottery 51% of gross gaming revenue from mobile and 50% from future retail in a six-year deal. Those percentages would decrease if other operators — the law allows five — entered the market.

Rhode Island, which has a strict in-person registration policy, and New Hampshire, are the only two New England states to offer sports betting. Maine passed a law last year, but it was vetoed by the governor in January. Massachusetts, Connecticut and Vermont legislatures had been considering bills in this year’s legislative sessions to legalize sports betting. Many states had to put those plans on the backburner because of the coronavirus.

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