{"id":17276,"date":"2024-03-19T15:30:33","date_gmt":"2024-03-19T15:30:33","guid":{"rendered":"https:\/\/instantcasinos.com\/?p=17276"},"modified":"2024-03-20T16:08:49","modified_gmt":"2024-03-20T16:08:49","slug":"new-hampshire-sports-betting-revenue-february","status":"publish","type":"post","link":"https:\/\/instantcasinos.com\/blog\/2024\/03\/19\/new-hampshire-sports-betting-revenue-february\/","title":{"rendered":"New Hampshire Sports Betting Revenue Declines In February Once Again"},"content":{"rendered":"
The latest report from the state’s Lottery shows New Hampshire sports betting revenue declined in February, falling well below January’s numbers.<\/strong><\/p>\n In total, the handle for New Hampshire in February was $62.3million. That represents a 15% drop on January’s figure of \u00a373.3m.<\/p>\n It’s now the third consecutive month that New Hampshire’s sports betting handle has declined.<\/p>\n Online sports betting is still the dominant market, with mobile making up $55.9m or 86.9% of the total handle. Retail managed just $6.4m in handle in the same month.<\/p>\n February’s gross gaming revenue (GGR) was another victim, dropping from January’s $9.68m figure to $6.6m. With a 33% month-to-month decline, February’s GGR was the lowest figure for five months, since September’s $6.2m<\/p>\n The decline in New Hampshire sports betting revenue has also impacted the state’s income from taxes. In another five-month low, February’s taxes from sports betting were just $2.8m, down 36% on January’s $4.5m.<\/p>\n Although February’s handle saw New Hampshire hit $500m in wagers for the fiscal year, it was still 28.4% down on the previous year.\u00a0In February 2023, New Hampshire accepted $87m in wagers.<\/p>\n And the same is true for GGR. This year’s $6.6m figure is 7% down on the $7.1m figure from February 2023, with the state also down 12% on last year’s 2.9m revenue share.<\/p>\n New Hampshire’s $513.2m handle this financial year is more than $100m behind last year’s figure for the same period when the state took $623.8m in bets during the first eight months of the 2022 financial year.<\/p>\n To date, the GGR stands at $54.1, down 6.8% on the previous year’s figure of $58.1m. Tax revenue from New Hampshire sports betting also lags behind the previous year, with $23.8m generated compared to $26.7m at this point last year.<\/p>\nNew Hampshire Sports Betting Revenue Shows Worrying Year-on-year Comparison<\/h2>\n