Charitable Gaming Revenue in New Hampshire Sees 41% Surge in January

revenue boost in January, with total earnings climbing to $15.6 million. This marks a 41% increase from the $11 million reported during the same period in the previous year, according to data released by the New Hampshire Lottery.

Casino Games and Historical Horse Racing See Gains

Revenue from casino games contributed $3.5 million in January, reflecting a 19% rise compared to the $3 million recorded in January 2023. Meanwhile, historical horse racing generated $12 million, a substantial 51% increase from the $8 million collected the prior year. The strong performance in both sectors highlights the growing popularity of charitable gaming in the state.

The significant jump in historical horse racing revenue suggests that more players are engaging with the gaming option, likely due to increased awareness and accessibility. As historical horse racing gains traction, it continues to play a vital role in driving overall charitable gaming revenue upward. Meanwhile, casino games remain a key contributor, showing steady year-over-year growth.

The revenue generated from these gaming activities benefited both charities and state funds. In January, charitable contributions from gaming totaled $3.7 million, while the state earned $3.3 million from gaming operations. These figures underscore the continued role of charitable gaming in ing local causes and state funding initiatives.

The state’s charitable gaming laws require that a portion of gaming revenue be allocated to nonprofit organizations, ensuring that these funds serve a greater purpose beyond entertainment. The consistent growth in revenue suggests that gaming operations are successfully balancing business profitability with charitable contributions. These funds help a variety of social causes and community programs throughout New Hampshire.

The Brook Leads in Revenue, Revo Casino Lebanon Sees Highest Growth

Among the casinos in New Hampshire, The Brook emerged as the top performer, bringing in just over $1 million in revenue for the month. This represented a 43% increase compared to its earnings in January 2023. The Brook’s sustained success is likely attributed to its established customer base, strategic location, and a variety of gaming offerings that appeal to a broad audience.

While The Brook led in total earnings, Revo Casino Lebanon saw the most significant percentage jump in revenue. The casino recorded more than $260,000 in January, marking a 207% increase from the prior year. This surge suggests that the venue is expanding its reach and attracting more patrons, possibly through enhanced marketing efforts or improved gaming experiences.

The impressive revenue figures across multiple casinos indicate that the state’s charitable gaming sector is thriving. As gaming venues continue to innovate and attract new customers, charitable gaming revenue is expected to remain an essential component of New Hampshire’s economy.

Source:

‘’GAMES OF CHANCE & HISTORIC HORSE RACING GAMING REVENUE REPORT’’, compliance.lottery.nh.gov.