New Hampshire sports betting revenue rockets 1,158.6% in April
The New Hampshire Lottery reported a 1,158.6% year-on-year increase in sports betting revenue to $3.3m (£2.3m/€2.7m) in April, while the US state’s handle also hiked 1,129.0% to $46.7m for the month.
Revenue for the month was up from $262,393 in April 2020, though this was significantly impacted by the novel coronavirus (Covid-19) pandemic.
State-wide measures meant all retail sportsbooks were closed in April last year, while almost all sports events around the world were cancelled or postponed due to Covid-19 restrictions, thus severely limiting betting options for consumers.
However, despite the huge year-on-year rise, the April total represented a 23.3% drop on the $4.3m posted in March of this year.
Some $2.3m of all revenue generated in April was attributed to mobile sports betting, while the remaining $1.0m came from retail sportsbooks.
Turning to handle and while this jumped 1,129.0% year-on-year to $46.7m in April, this was down 16.3% from $55.8m in March and the lowest monthly total since November 2020.