{"id":126046,"date":"2020-02-04T16:17:22","date_gmt":"2020-02-05T00:17:22","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=126046"},"modified":"2020-02-04T17:10:42","modified_gmt":"2020-02-05T01:10:42","slug":"new-hampshire-sports-betting-beats-expectations-takes-20-8-million","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/new-hampshire-sports-betting-beats-expectations-takes-20-8-million\/","title":{"rendered":"New Hampshire Sports Betting Beats Expectations, Takes $20.8 Million Handle in First Month"},"content":{"rendered":"

New Hampshire\u2019s sports betting market<\/a> booked a net profit of $1.2 million on a $20.8 million betting handle in the first month of its existence.<\/p>\n

\"New
Gov. Chris Sununu has been a long-time supporter of sports betting in New Hampshire, and branded the first month a \u201cbig win\u201d for schools. (Image: Granite Grok)<\/figcaption><\/figure>\n

According to the New Hampshire Lottery<\/a>, the figures have exceeded expectations, with over 27,000 unique users since the market launch.<\/p>\n

This casino-less state has offered mobile wagering in partnership with DraftKings since December 30, 2019, when it became the second state in New England, after Rhode Island, to offer sports betting services.<\/p>\n

Some 11 percent of all bets placed since launch were on the Super Bowl, the Lottery said.<\/p>\n

Of course, not every month contains a Super Bowl \u2013 which is why it was crucial to get the market up and running in time for the biggest event on the US sporting calendar.<\/p>\n

Not all states that legalized sports betting last year achieved this. Some, like Montana and Tennessee, had targeted at least some part of the NFL season, but failed to capitalize on the betting frenzy.<\/p>\n

In Tennessee, The Chattanooga Times Free Press<\/em> bemoaned Monday that \u201cTennessee’s sports betting goal missed all of football,\u201d and wondered whether someone should be fired.<\/p>\n

Pitfalls of Patriotic Betting<\/h2>\n

New Hampshire\u2019s Republican governor, Chris Sununu, was in better spirits, tweeting it was a \u201cbig WIN for NH education!\u201d referencing that the revenues will be funneled directly to the state\u2019s education system.<\/p>\n

\u201cThe Patriots may not be playing in this year\u2019s Super Bowl, but that is not stopping New Hampshire from winning big,\u201d said Sununu later in an official statement. \u201cThere is no doubt that New Hampshire is already serving as New England\u2019s go-to destination for sports betting, and we are just getting started.\u201d<\/p>\n

But it\u2019s probably just as well the Patriots weren\u2019t playing.<\/p>\n

\n

Last year, Rhode Island scrambled to get its sports betting market up in time for the NFL season, only to take a catastrophic loss $2.4 million loss on Super Bowl.<\/p>\n<\/div>\n

It highlighted the problem of regional bias in the newly regulated state markets. Because the overwhelming majority in Rhode Island bet the Patriots, sports books were massively exposed to the risk of a Patriots win.<\/p>\n

Usually, bookmakers overcome this problem by hedging \u2013 laying off bets in markets with different regional biases. But the federal Wire Act prohibits interstate sports betting transactions.<\/p>\n

Rhode Island fared a little better this year, with a $805,000 win\u00a0on a $5.5 million Super Bowl betting handle.<\/p>\n

Mass. Threat<\/strong><\/h2>\n

New Hampshire has gotten off to a better start than Rhode Island did. Initial results are promising for an essentially non-gaming state with a relatively small population and a product that\u2019s completely new to most Granite Staters.<\/p>\n

But New Hampshire is also benefiting from Massachusetts and Connecticut dragging their heels on legalizing sports betting — Massachusetts especially.<\/p>\n

The New Hampshire Lottery has said that a \u201csignificant number\u201d of those 27,000 sign-ups came from Massachusetts-based gamblers, who are prepared to hop over the state line. But it will take a hit when New England\u2019s two most populous states eventually follow suit, as they are expected to do.<\/p>\n","protected":false},"excerpt":{"rendered":"

New Hampshire\u2019s sports betting market booked a net profit of $1.2 million on a $20.8 million betting handle in the first month of its existence. According to the New Hampshire Lottery, the figures have exceeded expectations, with over 27,000 unique users since the market launch. This casino-less state has offered mobile wagering in partnership with […]<\/p>\n","protected":false},"author":36,"featured_media":126047,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,1074],"tags":[],"acf":[],"yoast_head":"\nNew Hampshire Sports Betting Beats Expectations, Takes $20.8 million<\/title>\n<meta name=\"description\" content=\"New Hampshire sports betting gets of to a bright start, thanks to Super Bowl betting, which accounted for 11 percent of all bets in first month.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Hampshire Sports Betting Beats Expectations, Takes $20.8 million\" \/>\n<meta property=\"og:description\" content=\"New Hampshire sports betting gets of to a bright start, thanks to Super Bowl betting, which accounted for 11 percent of all bets in first month.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/new-hampshire-sports-betting-beats-expectations-takes-20-8-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-05T00:17:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-05T01:10:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/02\/sununu.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"781\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/new-hampshire-sports-betting-beats-expectations-takes-20-8-million\/\",\"url\":\"https:\/\/www.casino.org\/news\/new-hampshire-sports-betting-beats-expectations-takes-20-8-million\/\",\"name\":\"New Hampshire Sports Betting Beats Expectations, Takes $20.8 million\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/new-hampshire-sports-betting-beats-expectations-takes-20-8-million\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/new-hampshire-sports-betting-beats-expectations-takes-20-8-million\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/02\/sununu.jpg\",\"datePublished\":\"2020-02-05T00:17:22+00:00\",\"dateModified\":\"2020-02-05T01:10:42+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"New Hampshire sports betting gets of to a bright start, thanks to Super Bowl betting, which accounted for 11 percent of all bets in first month.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/new-hampshire-sports-betting-beats-expectations-takes-20-8-million\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/new-hampshire-sports-betting-beats-expectations-takes-20-8-million\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/new-hampshire-sports-betting-beats-expectations-takes-20-8-million\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/02\/sununu.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/02\/sununu.jpg\",\"width\":1024,\"height\":781,\"caption\":\"Gov. Chris Sununu has been a long-time supporter of sports betting in New Hampshire and branded the first month a \u201cbig win\u201d for schools. (Image: Granite Grok)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/new-hampshire-sports-betting-beats-expectations-takes-20-8-million\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sports Betting\",\"item\":\"https:\/\/www.casino.org\/news\/sportsbetting\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"New Hampshire Sports Betting Beats Expectations, Takes $20.8 Million Handle in First Month\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\",\"name\":\"Philip Conneller\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png\",\"caption\":\"Philip Conneller\"},\"description\":\"In Philip Conneller\u2019s eight years with Casino.org, he has covered the gaming industry from Las Vegas to Macau and everything in between. He currently focuses his coverage on gaming law, white-collar crime, global money laundering, tribal gaming, politics, and regulation. Philip was the original features editor for poker\u2019s Bluff Magazine and editor for Bluff Europe, which he helped launch. His writing has also been featured in ESPN, Forbes, Time Out, The Sun, and The Daily Star, as well as iGaming Business, eGaming Review, and numerous other industry news and tech websites. His news stories for Casino.org\/news have been linked by The Washington Post, The Daily Mail, People Magazine, and Jimmy Fallon's Tonight Show, among many others. Philip once won $20,000 with 7-2 off-suit. He has been reprimanded for unwittingly playing Elton John\u2019s piano on two separate occasions on both sides of the Atlantic. He became a writer because he is a lousy pianist. Philip lives outside London with his wife and children, where he spends his time agonizing about Arsenal FC. Contact Philip at philip.conneller@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/philip-conneller\",\"https:\/\/www.linkedin.com\/in\/philip-conneller-1495a48\/?originalSubdomain=uk\",\"https:\/\/x.com\/casinoorgphilc\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/phillip-conneller\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"New Hampshire Sports Betting Beats Expectations, Takes $20.8 million","description":"New Hampshire sports betting gets of to a bright start, thanks to Super Bowl betting, which accounted for 11 percent of all bets in first month.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"New Hampshire Sports Betting Beats Expectations, Takes $20.8 million","og_description":"New Hampshire sports betting gets of to a bright start, thanks to Super Bowl betting, which accounted for 11 percent of all bets in first month.","og_url":"https:\/\/www.casino.org\/news\/new-hampshire-sports-betting-beats-expectations-takes-20-8-million\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2020-02-05T00:17:22+00:00","article_modified_time":"2020-02-05T01:10:42+00:00","og_image":[{"width":1024,"height":781,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/02\/sununu.jpg","type":"image\/jpeg"}],"author":"Philip Conneller","twitter_card":"summary_large_image","twitter_creator":"@casinoorgphilc","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Philip Conneller","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/new-hampshire-sports-betting-beats-expectations-takes-20-8-million\/","url":"https:\/\/www.casino.org\/news\/new-hampshire-sports-betting-beats-expectations-takes-20-8-million\/","name":"New Hampshire Sports Betting Beats Expectations, Takes $20.8 million","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/new-hampshire-sports-betting-beats-expectations-takes-20-8-million\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/new-hampshire-sports-betting-beats-expectations-takes-20-8-million\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/02\/sununu.jpg","datePublished":"2020-02-05T00:17:22+00:00","dateModified":"2020-02-05T01:10:42+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b"},"description":"New Hampshire sports betting gets of to a bright start, thanks to Super Bowl betting, which accounted for 11 percent of all bets in first month.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/new-hampshire-sports-betting-beats-expectations-takes-20-8-million\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/new-hampshire-sports-betting-beats-expectations-takes-20-8-million\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/new-hampshire-sports-betting-beats-expectations-takes-20-8-million\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/02\/sununu.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/02\/sununu.jpg","width":1024,"height":781,"caption":"Gov. Chris Sununu has been a long-time supporter of sports betting in New Hampshire and branded the first month a \u201cbig win\u201d for schools. (Image: Granite Grok)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/new-hampshire-sports-betting-beats-expectations-takes-20-8-million\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Sports Betting","item":"https:\/\/www.casino.org\/news\/sportsbetting\/"},{"@type":"ListItem","position":3,"name":"New Hampshire Sports Betting Beats Expectations, Takes $20.8 Million Handle in First Month"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b","name":"Philip Conneller","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png","caption":"Philip Conneller"},"description":"In Philip Conneller\u2019s eight years with Casino.org, he has covered the gaming industry from Las Vegas to Macau and everything in between. He currently focuses his coverage on gaming law, white-collar crime, global money laundering, tribal gaming, politics, and regulation. Philip was the original features editor for poker\u2019s Bluff Magazine and editor for Bluff Europe, which he helped launch. His writing has also been featured in ESPN, Forbes, Time Out, The Sun, and The Daily Star, as well as iGaming Business, eGaming Review, and numerous other industry news and tech websites. His news stories for Casino.org\/news have been linked by The Washington Post, The Daily Mail, People Magazine, and Jimmy Fallon's Tonight Show, among many others. Philip once won $20,000 with 7-2 off-suit. He has been reprimanded for unwittingly playing Elton John\u2019s piano on two separate occasions on both sides of the Atlantic. He became a writer because he is a lousy pianist. Philip lives outside London with his wife and children, where he spends his time agonizing about Arsenal FC. Contact Philip at philip.conneller@casino.org.","sameAs":["https:\/\/muckrack.com\/philip-conneller","https:\/\/www.linkedin.com\/in\/philip-conneller-1495a48\/?originalSubdomain=uk","https:\/\/x.com\/casinoorgphilc"],"url":"https:\/\/www.casino.org\/news\/author\/phillip-conneller\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/126046"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=126046"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/126046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/126047"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=126046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=126046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=126046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}