New Hampshire December Sports Betting Handle Up, Revenue Falls

New Hampshire December Sports Betting Handle Up, Revenue Falls
© PA

New Hampshire’s sports betting handle ended the year on a high note, rising 11% in December and reaching an all-time high for the state that took its first bet just over a year ago. But on the down side, revenue fell slightly from November.

The sports betting handle in December for New Hampshire was $51.6 million, an increase of just over $5 million from November’s $46.5 million. The mobile sports betting handle for the month was $43.7 million, up 12.4% from November’s $38.9 million, according to figures posted by the New Hampshire Lottery on Friday.

Though the DraftKings app is the only legal mobile option in New Hampshire, mobile was 84.7% of the market. Retail handle in December was just under $8 million ($7.96 million), a 5.3% increase over November’s $7.6 million.

December’s gross gaming revenue (GGR) for sports betting was $4.5 million, a decline of 4.9% from November’s $4.8 million. With a higher handle and lower revenue, it signals that bettors won more in December than they did in the previous month.

That also led to a slight decline in tax revenue for the state. New Hampshire saw sports betting tax revenue of $2.1 million in December, down 8% from November’s $2.3 million.

New Hampshire and Rhode Island are the only two New England states that have legalized sports betting.

New Hampshire Sports Betting December vs. November

Total handle Mobile handleRevenue (GGR)
ChangeUp 11.0%Up 12.4%Down 4.9%

Is New York Looking At NH Lottery Model?

With states looking to find ways to slice into budget deficits caused by the coronavirus pandemic, sports betting is seen as a way to create tax revenue, including in New York.

New York Gov. Andrew Cuomo has offered few details of his sports betting plan, but what he has said seems to resemble the way sports betting operates in New Hampshire.

Cuomo has said he prefers sports betting to be run like the state lottery with New York seeing all of the tax revenue. His plan would consider one or more operators, but they would have to be aligned with one of the state’s four commercial casinos.

New Hampshire law allows for up to five operators, but despite other applicants the state chose DraftKings as a sole operator and the state gets 51% of the revenue. If another operator entered the market, the percentage would drop dramatically. DraftKings also can have up to 10 retail sites in New Hampshire.

DraftKings Retail Sites

DraftKings currently has two retail sites in the southern part of the state. The first one opened at The Brook casino in Seabrook, with the second opening at the Filotimo Casino in Manchester.

The two DraftKings retail locations aren’t far from northern Massachusetts, which does not yet have legal sports betting but is considered to be a state that could legalize it in 2021. Legislation made strides in Massachusetts in 2020 before falling short. But Gov. Charlie Baker strongly supports sports betting and it should get strong consideration this year.

Connecticut advanced legislation this week giving rights to the two tribes in the state to offer sports betting. Gov. Ned Lamont has said he wants to see sports betting legalized this year.