New Hampshire sports betting revenue falls in May

Revenue was also down in April.

For the second month in a row, New Hampshire has seen its sports betting revenue fall but has seen a year-on-year increase of 633.1% from this time last year. This is mostly due to Covid regulations restricting betting opportunities.  

Sports betting revenue in May accounted for $3.1m, 5.7% less than the $3.3m the state brought in during April, which was 23.3% down from March’s revenue of $4.3m. 

Meanwhile, player spending increased massively year-on-year but saw a relative drop in May from the money spent by bettors in April.  

In May players spent a total of $42.4m, $33.3m of this was spent on mobile sports betting, making up 78.5% of total spend.  

This spend was also down from April, which saw players wager a total of $46.7m. 

New Hampshire became the 16th state to legalize sports betting in July 2019. Early 2020 saw DraftKings launch the state’s mobile sports betting platform.  

New Hampshire will soon be joined on the sports betting stage by Connecticut, which recently passed legislation that will see mobile betting regulated by the Mohegan and Mashantucket Pequot tribes, as well as the Connecticut lottery.  

Both Maine and Louisiana have recently seen sports betting bills pass through their state Senates.  

Henry Moore

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