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US State new Hampshire Collects almost $3 million From April Sports Betting
New Hampshire sports betting in April may have dropped in one regard however it wasn't the element that matters. The 2023 version of the year's 4th month was the most financially rewarding in the state ever in this regard.
Win for DraftKings Sportsbook online and a handful of physical sportsbooks in the state enhanced by 51% in April compared to the exact same month in 2015. As a result, the state also got an unexpectedly considerable haul throughout the month.
New Hampshire sports wagering income doubles in April
April held to its credibility in the US sports wagering market in New Hampshire this year in one method. The quantity of cash that sportsbooks took in from wagerers dropped from a record $103.4 million in March to $65 million in April.
However, that had to do with the extent of the less-than-desirable news about legal sports betting in New Hampshire for April 2023. The part of that $65 million that gamblers bet that the sportsbooks kept totaled up to over $6.6 million. Therefore, sportsbooks won about 10.1% of the cash bet.
According to the New Hampshire Lottery, that means a little less than $3 million for the state. The $6.6 million of gross earnings is the highest such figure for April of any year in New Hampshire. Legal sports betting in the state started in December 2019.
As is typically the case, online bets on DraftKings represented the majority of the activity.
DraftKings turns lottery contract into $3 million in income
Of the overall dollars bet throughout April, 87.3% of the cash originated from online bets. Because of that, win from online bets also represented 90.9% of the total revenue in New Hampshire for the month. DraftKings is the New Hampshire Lottery's online sports wagering partner.
For that reason, DraftKings is the only legal online sportsbook in the state.