New Hampshire Sports Betting Hits Record High in November
The New Hampshire Lottery recently released its sports betting figures for November, revealing a milestone achievement. The state experienced its highest sports betting handle since the market’s inception in July, totaling an impressive $78.5 million.
This surge in betting activity underscores the growing popularity and engagement with sports betting in New Hampshire.
Substantial Revenue and Tax Contributions
November proved to be a lucrative month for the state, with sports betting generating a remarkable $8.2 million in revenue. This financial success translated into substantial contributions to the state’s coffers, with nearly $3.6 million collected in state taxes from sports betting operations.
Mobile sports betting in New Hampshire showed particularly strong performance. November saw the highest mobile betting handle since July, reaching close to $67.9 million. This figure surpasses the previous record set in October, demonstrating the increasing preference among bettors for mobile platforms. Despite this, October still maintains its position as the highest month for gross gaming revenue (GGR).
GGR and Tax Insights from Mobile Betting
The GGR from mobile sports betting in November amounted to $6.6 million. This success resulted in almost $2.9 million in taxes generated from mobile sports betting for the month. The year-to-date figures are equally impressive, with mobile sports wagering accumulating a total handle of $261.1 million.
Retail sports betting locations in New Hampshire mirrored these positive trends. November’s retail betting handle was recorded at $10.6 million, contributing nearly $1.6 million in gross gaming revenue. Additionally, retail sports betting was responsible for more than $711,000 in state taxes during the month. Since July, in-person sports betting has amassed a total handle of $37.7 million.
Our Comment on the Article
The record-breaking sports betting figures in New Hampshire for November highlight not only the growing enthusiasm for sports wagering but also the state’s adeptness in managing and capitalizing on this market. The balance between mobile and retail betting platforms indicates a healthy and diverse betting ecosystem.
Moreover, the state’s innovative approach to integrating charitable gaming into its gambling landscape showcases a unique model that blends entertainment with community support. As sports betting continues to evolve, New Hampshire’s experiences offer valuable insights into the potential of regulated sports wagering and its benefits to state economies and communities.
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