New Hampshire records 979.3% boost in betting revenue

New Hampshire records 979.3% boost in betting revenue

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Category: Blog, Industry News
Posted by: AffPapa
New Hampshire

The state of New Hampshire has revealed a massive 979.3% year-on-year increase in sports betting revenue throughout the month of March.

New Hampshire’s gross revenue from sports betting in March peaked at $4.3 million, which is a huge increase when compared to last year’s $394,229, since 2020’s numbers were hugely affected by the COVID-19 pandemic.

All retail betting shops had to be shut down throughout a large portion of 2020, starting from the month of March when the coronavirus started spreading across the globe. All sporting events also were forced to either be cancelled or postponed, which really did not leave bettors with many options.

During March of 2021, bettors wagered $55.8 million, an increase of $8.8 million from the same month last year. New Hampshire state also obtained $1.9 million in tax. In further detail, mobile sports betting made up $3.3 million of this revenue, as bettors had wagered $44.4 million through their mobile devices. Revenue from retail betting attained $913,486 last month as players had spent $11.4 million in retail betting shops and sportsbook facilities in the state.

During the financial year to this day, revenue from sports betting during the 9 months leading up to the end of March was at $28.7 million. The state was also able to gather $13.2 million in tax revenue during this time, as players spent $392.3 million.