New Hampshire sports betting handle breaks records in December

Revenue fell despite a larger handle.
Revenue fell despite a larger handle.

Monthly handles have increased steadily since Sports betting launched in New Hampshire in August.

US.- New Hampshire’s sports betting handle set a new state record in December although revenues were down month-on-month.

The state wagered a $51.6m on sporting events in December 2020, an 11 per cent increase from the $46.5m handle seen in November.

The vast majority of bets were taken by online sportsbooks, which accounted for $43.7m. Retail sportsbooks trailed at $8m.

Despite a larger handle in December, revenues fell slightly from the those reported in November. Gross gaming revenues amounted to $4.5m in the final month of 2020, compared with $4.8m the month before.

The state collected $2.7m in sports betting taxes from operators.

In October, the New Hampshire Lottery (NHL) appointed Daniel Maloney as its first director of sports betting, filling a position that was created when sports betting was legalised in the state in 2019.

Meanwhile, the appeals court has ruled in favour of the NHL, which filed a lawsuit against the DOJ’s opinion that the Wire Act applies only to sporting events, paving the way for gambling expansion.

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