Skip to content

Sports activities betting continues to develop in NH, however new competitors looms

  • SPORTS

WELCOME BACK. IT WAS ANOTHER HIGHLY SUCCESSFUL YEAR FOR SPORTS BETTING IN NEW HAMPSHIRE IN 2022. MORE THAN $891 MILLION WAS WAGERED ON DRAFTKINGS PLATFORM ARMS AND THE STATE RECEIVED 31 MILLION TO BE USED FOR STATE EDUCATION. BUT COULD THESE NUMBERS TAKE A HIT THIS YEAR? MASSACHUSETTS BETTORS ACCOUNT FOR 25% OF NEW HAMPSHIRE’S SPORTS BETTING BUSINESS AND SPORTS BETTING BECOMES LEGAL IN THE BAY STATE NEXT TUESDAY. A QUARTER OF OUR PLAY COMES FROM MASSACHUSETTS. AND SO WE WOULD EXPECT TO SEE SOME DROP OFFS. BUT I WOULDN’T IMAGINE IT BE MUCH TO ME. I TAKE SOLACE IN THE FACT THAT WHEN NEW YORK LAUNCHED LOVE THE FOLKS FROM NEW YORK. WE’RE GOING TO NEW JERSEY. NEW JERSEY DIDN’T SEE ANY DROP OFF IN THEIR REVENUES THROUGH THREE YEARS. NOW $1.82 BILLION HAVE BEEN WAGERED HE

Sports activities betting continues to develop in New Hampshire, however new competitors looms

Neighboring states set to permit sports activities betting quickly

It was one other record-setting 12 months for sports activities betting in New Hampshire, however the state might see declines because it turns into authorized in neighboring states. New Hampshire Lottery officers mentioned sports activities betting has been an enormous hit in New Hampshire within the three years that it has been authorized.”It has been a enjoyable three years, an thrilling three years, and it is finished extraordinarily, extraordinarily effectively,” mentioned Charlie McIntyre, of the New Hampshire Lottery. In 2022, $892 million was wagered, up 27% from the earlier 12 months . The contribution to state schooling elevated by $10 million. “We’re No. 2 per capita within the nation by way of profitability of the state, which implies we do not have to do issues like a state revenue tax,” McIntyre mentioned. “So, I might give us a stable A-minus — all the time room for enchancment. However you understand, gold star.” Since sports activities betting in New Hampshire started, greater than $1.8 billion has been wagered via the Draft Kings platforms, with New Hampshire receiving $62 million for state schooling, doubling expectations, officers mentioned. Lottery officers mentioned there has even been an sudden profit for legislation enforcement within the Granite State.” I’ve talked to a variety of our pals in legislation enforcement, they usually’ve knowledgeable me that we now have really destroyed the unlawful bookmakers and the unlawful bookmaking exercise, as a result of we provide the identical product, the identical traces,” McIntyre mentioned. “However we assure what we do has the advantage of being a state-run operate, so shopper safety is the very best it may be.” A downward development is perhaps looming. New Hampshire has been an island of sports activities betting, with folks coming over the border from close by states to put bets. However authorized sports activities betting in Massachusetts begins in six days, and Maine might permit betting as quickly as this summer season, that means much less of the New England marketplace for the Granite State. “1 / 4 of our play comes from Massachusetts,” McIntyre mentioned. “And so, we might anticipate to see some drop-off, however I would not think about it will be a lot. Actually, I take solace in the truth that when New York launched, effectively, the parents from Europe are going to New Jersey New Jersey did not see any drop-off of their revenues.”

It was one other record-setting 12 months for sports activities betting in New Hampshire, however the state might see declines because it turns into authorized in neighboring states.

New Hampshire Lottery officers mentioned sports activities betting has been an enormous hit in New Hampshire within the three years that it has been authorized.

“It has been a enjoyable three years, an thrilling three years, and it is finished extraordinarily, extraordinarily effectively,” mentioned Charlie McIntyre, of the New Hampshire Lottery.

In 2022, $892 million was wagered, up 27% from the earlier 12 months. The contribution to state schooling elevated by $10 million.

“We’re No. 2 per capita within the nation by way of profitability of the state, which implies we do not have to do issues like a state revenue tax,” McIntyre mentioned. “So, I might give us a stable A-minus — all the time room for enchancment. However you understand, gold star.”

Since sports activities betting in New Hampshire started, greater than $1.8 billion has been wagered via the Draft Kings platforms, with New Hampshire receiving $62 million for state schooling, doubling expectations, officers mentioned.

Lottery officers mentioned there has even been an sudden profit for legislation enforcement within the Granite State.

“I’ve talked to a variety of our pals in legislation enforcement, they usually’ve knowledgeable me that we now have really destroyed the unlawful bookmakers and the unlawful bookmaking exercise, as a result of we provide the identical product, the identical traces,” McIntyre mentioned. “However we assure what we do has the advantage of being a state-run operate, so shopper safety is the very best it may be.”

A downward development is perhaps looming. New Hampshire has been an island of sports activities betting, with folks coming over the border from close by states to put bets. However authorized sports activities betting in Massachusetts begins in six days, and Maine might permit betting as quickly as this summer season, that means much less of the New England marketplace for the Granite State.

“1 / 4 of our play comes from Massachusetts,” McIntyre mentioned. “And so, we might anticipate to see some drop-off, however I would not think about it will be a lot. Actually, I take solace in the truth that when New York launched, effectively, the parents from Europe are going to New Jersey New Jersey did not see any drop-off of their revenues.”

.

Leave a Reply

Your email address will not be published. Required fields are marked *