New Hampshire Sports Betting Sees Record November Performance

New Hampshire, with a handle reaching almost $87.3 million. This marked the highest monthly total since March 2023, when bettors placed wagers exceeding $103.4 million. Compared to November 2023, the handle increased by 11.1%, from nearly $78.5 million, and rose by 10% month-over-month from October’s total.

DraftKings’ Strong Performance

DraftKings Sportsbook, the sole operator for sports betting in New Hampshire, played a significant role in this achievement. It generated over $10.4 million in gross gaming revenue (GGR) during November, a 27.3% year-over-year increase and an impressive 78.6% climb from October’s earnings. The brand continues to dominate the state’s market through strategic offerings and innovative services.

New Hampshire’s revenue growth aligns with trends observed in other states, such as Wyoming and South Dakota, which also noted higher betting activity but lower GGR in October. This contrast highlights how bettor-friendly outcomes can sometimes lower operator revenues, even amid increased wagering.

The state’s share of sports betting revenue reflected the growth in November’s handle. It earned $4.6 million, significantly more than the $3.6 million collected during the same month in 2023. This growth demonstrates the expanding profitability of legalized sports wagering in New Hampshire. By comparison, October brought in over $2.5 million for the state, emphasizing November’s gains.

The state’s continued investment in this sector underscores the importance of sports betting as a revenue stream. Since the inception of legalized betting, New Hampshire has consistently funneled this income into state initiatives, highlighting the growing economic value of the practice.

Enhancements to the DraftKings Offering

As a testament to its commitment to player engagement, DraftKings recently added new benefits to its popular Dynasty Rewards program. This enhancement allows bettors in New Hampshire and across the United States to access expanded perks, further solidifying the brand’s leadership in the competitive sports betting market. Players benefit from a broader range of rewards, tailored to enhance their overall experience and incentivize continued participation.

DraftKings’ adaptive strategies ensure the operator maintains its edge in a dynamic industry. By offering innovative programs and improving access to advanced betting features, it fortifies its position as a leading player in New Hampshire’s sports betting scene.

The state’s record-breaking performance signals a burgeoning interest in sports betting among residents and highlights the potential for sustained growth in the market. The robust monthly figures mirror a nationwide trend of increased betting activity tied to a variety of popular sports events. Enhanced accessibility, combined with the appeal of competitive wagering options, contributes to this upward trajectory.

These milestones indicate a robust future for sports betting in the state, with substantial benefits for both operators and the state treasury. New Hampshire’s market, propelled by DraftKings’ continued innovation, showcases the growing enthusiasm among sports enthusiasts in the region.

Source:

”The New Hampshire Lottery, Sports Book Revenue”, nhrealmoneyaction.casinowinning.net.