New Hampshire sports betting handle hits $861.1m in FY22

Handle for the 12 months to the end of June 2022 was 65.4% higher than $520.6m in FY21, the first full financial year of legal sports betting in the state following the launch of its regulated market in December 2019.

Of this total, $670.3m was wagered via DraftKings’ online offering and $190.8m at retail sportsbooks across New Hampshire. The operator secured exclusive rights to offer sports betting via the New Hampshire state lottery in November 2019.

Turning to gross gaming revenue and for the 12-month period reached $51.6m, up 32.3% from $39.0m in FY21.

Some $44.0m of total yearly revenue was generated through online sports wagering and the remaining $7.6m came from retail activity.

The NH Lottery reported that the state recouped $23.9m in taxes from sports betting during the 2022 financial year, $20.6m of which was from online betting and $3.4m retail.

Meanwhile, results for the final month of FY22 were also published, with the state’s handle for June 2022 amounting to $53.6m, up 36.7% from June in the previous year, but down 30.0% from $76.2m in May 2022 and also the lowest monthly total since August 2021.

Players spent $41.6m betting online during June, as well as $12.0m at retail locations.

Revenue increased 23.1% year-on-year to $4.8m, but this figure was down 15.8% from $5.7m in May 2022. Almost all revenue came from online betting, with revenue here standing at $5.6m, compared to just $170,804 from retail wagering.

Tax generated from sports betting in the month amounted to $2.2m.