New Hampshire sports betting in April may have plunged in one regard however it wasn't the aspect that matters. The 2023 iteration of the year's fourth month was the most profitable in the state ever in this regard.
Win for DraftKings Sportsbook online and a handful of physical sportsbooks in the state improved by 51% in April compared to the exact same month last year. As an outcome, the state also got a suddenly significant haul throughout the month.
New Hampshire sports betting revenue doubles in April
April held to its reputation in the US sports wagering industry in New Hampshire this year in one way. The quantity of cash that sportsbooks took in from bettors dropped from a record $103.4 million in March to $65 million in April.
However, that had to do with the degree of the less-than-desirable news about legal sports wagering in New Hampshire for April 2023. The portion of that $65 million that wagerers gambled that the sportsbooks kept amounted to over $6.6 million. Therefore, sportsbooks won about 10.1% of the cash bet.
According to the New Hampshire Lottery, that indicates a little less than $3 million for the state. The $6.6 million of gross revenue is the highest such figure for April of any year in New Hampshire. Legal sports betting in the state began in December 2019.
As is generally the case, online bets on DraftKings represented most of the activity.
DraftKings turns lottery game agreement into $3 million in revenue
Of the overall dollars bet throughout April, 87.3% of the money originated from online bets. Because of that, win from online bets likewise represented 90.9% of the total profits in New Hampshire for the month. DraftKings is the New Hampshire Lottery's online sports betting partner.
For that factor, DraftKings is the only legal online sportsbook in the state. After paying out the state's share of the online income, DraftKings came away with about $3.2 million in income from its New Hampshire sportsbook.
While landing the sports betting contract with the New Hampshire Lottery might be producing revenue for DraftKings, that may be the level of legal online gambling in New Hampshire for the foreseeable future.
Recently, a committee in the state Legislature stopped the progress of a bill that would have legislated real-money online table games in the state. The costs had already been authorized by the New Hampshire Senate at that point.
Currently, it appears not likely that agents will take up the costs once again this year. However, that may not be the worst thing to occur to the gaming industry in New Hampshire. An online casino item without slots is a simple shell of its capacity.
DraftKings revealed its capacity in New Hampshire for April this year. If the next two months can produce comparable gains, the New Hampshire Lottery may quickly liquidate a record fiscal year.
Source: Play USA
