New Hampshire sports betting revenue rockets 979.3% YoY in March

Sports wagering revenue in New Hampshire hiked 979.3% year-on-year in March after a 404.6% jump in the US state’s handle for the month.
Gross gaming revenue from sports betting reached $4.3m (£3.1m/€3.6m) in March, compared to $394,229 in the same month in 2020, though last year’s figures were significantly impacted by the novel coronavirus (Covid-19) pandemic.

The closure of retail sportsbooks across the state from mid-March 2020 meant players could only wager online last year, while the postponement and cancellation of almost all sporting events amid the Covid-19 crisis limited betting options for consumers.

Players wagered a total of $55.8m on sports during March this year, up from $8.8m in 2020, while the state was able to take $1.9m in tax revenue from sports betting.

Breaking down these figures, mobile sports betting accounted for $3.3m of all revenue in the month, with players wagering $44.4m via mobile devices.

Retail revenue reached $913,486 in March after consumers spent ..

Sports wagering revenue in New Hampshire hiked 979.3% year-on-year in March after a 404.6% jump in the US state’s handle for the month.

Gross gaming revenue from sports betting reached $4.3m (£3.1m/€3.6m) in March, compared to $394,229 in the same month in 2020, though last year’s figures were significantly impacted by the novel coronavirus (Covid-19) pandemic.

The closure of retail sportsbooks across the state from mid-March 2020 meant players could only wager online last year, while the postponement and cancellation of almost all sporting events amid the Covid-19 crisis limited betting options for consumers.

Players wagered a total of $55.8m on sports during March this year, up from $8.8m in 2020, while the state was able to take $1.9m in tax revenue from sports betting.

Breaking down these figures, mobile sports betting accounted for $3.3m of all revenue in the month, with players wagering $44.4m via mobile devices.

Retail revenue reached $913,486 in March after consumers spent a total of $11.4m at land-based sportsbook in New Hampshire, a new monthly record for the sector.

Read the full story on iGB North America.

Original Article

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