The regulatory physique in command of sports activities betting, the New Hampshire Lottery, has introduced its newest report, outlining that November marked a robust month for retail and cellular sportsbooks within the state.
November Sports activities Betting Deal with Soars
In complete, the mixed retail and cellular betting deal with in November hit $93,090,530. This marked the third month in a row with a rise within the betting deal with, contemplating {that a} month earlier, in October, it halted at $91.3 million. Furthermore, the $93.1 million betting deal with reported in November marked the second-best outcome for 2022, surpassed solely by the $99.5 million mixed betting deal with reported in January 2022.
Whereas the betting deal with enhance month-over-month in November, gross gaming income (GGR) decreased. Again in October 2022, GGR was $9.1 million, marking the very best outcome for the reason that begin of the yr. But, after one month, in November, the GGR plummeted to $4,963,600. This outcome was near the $4.5 million and $4.2 million in GGR reported in July and August 2022 but additionally fell behind the $7.4 million reported in September.
Contemplating the lower in GGR, the state collected much less tax income. The $9.1 million GGR reported in October resulted in $4.5 million in proceeds for New Hampshire. Nevertheless, in November, the state’s income share decreased to $2.2 million, which was decrease than in October and September, however increased than the determine from August.
Cell Betting Deal with on the Rise
In line with a breakdown offered by the New Hampshire Lottery, the betting deal with from cellular sports activities betting elevated in November, hitting $69.1 million, up barely when in comparison with the $68.2 million outcome from October.
GGR from cellular betting in November was $5.4 million and couldn’t surpass the GGR reported a month earlier, in October. The state’s share based mostly on the reported GGR in November was $2.4 million, nonetheless behind the outcomes from October and September, however an enchancment from the figures from August and July.
Alternatively, retail sports activities betting has seen $24 million in betting deal with in November. This marked a rise in comparison month-over-month, however GGR from the exercise plummeted to adverse $422,119. Regardless of that, the betting deal with from retail sports activities betting has been repeatedly rising and in reality, the outcome from November marked the very best determine for 2022.
Positioned within the Northeastern US, New Hampshire borders Maine, Massachusetts and Vermont and is the one state that at the moment gives sports activities betting. Each Massachusetts and Maine have legalized the exercise however are but to launch their regulated sports activities betting markets, whereas Vermont hasn’t even legalized sports activities wagering but.
