New Hampshire sports betting handle breaks records in December

New Hampshire sports betting handle breaks records in December

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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