NH sports betting revenue continues monthly decline

Sports wagering revenue in New Hampshire declined for the second consecutive month in May, despite figures released by the New Hampshire Lottery revealing a 633.1% year-on-year increase.

Revenue in May amounted to $3.1m, which was significantly higher than $424,947 in the same month last year, though all retail sportsbooks in the state were closed in May 2020 due to novel coronavirus (Covid-19) restrictions.

However, the monthly amount was down 5.7% from $3.3m in April this year, which itself was 23.3% down from $4.3 in March.

Mobile betting accounted for $2.2m of all sports wagering revenue generated during May, compared to $874,260 from retail sportsbook facilities across the state.

It was a similar story for player spending, with the state’s handle rocketing 488.9% year-on-year to $42.4m, though this was the lowest monthly total since September 2020 and was down 9.2% from the $46.7m wagered during April.

Read the full story on iGB North America.

Sports wagering revenue in New Hampshire declined for the second consecutive month in May, despite figures released by the New Hampshire Lottery revealing a 633.1% year-on-year increase.

Revenue in May amounted to $3.1m, which was significantly higher than $424,947 in the same month last year, though all retail sportsbooks in the state were closed in May 2020 due to novel coronavirus (Covid-19) restrictions.

However, the monthly amount was down 5.7% from $3.3m in April this year, which itself was 23.3% down from $4.3 in March.

Mobile betting accounted for $2.2m of all sports wagering revenue generated during May, compared to $874,260 from retail sportsbook facilities across the state.

It was a similar story for player spending, with the state’s handle rocketing 488.9% year-on-year to $42.4m, though this was the lowest monthly total since September 2020 and was down 9.2% from the $46.7m wagered during April.

Read the full story on iGB North America.

Original Article

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