New Hampshire Sportsbooks Sees Drop in Handle

New Hampshire sportsbooks saw a drop in betting handle for the month of February. But for the state, revenue drops as well, and for entirely different reasons. As many pay per head insiders know, a drop in handle in February is nothing to worry about. For New Hampshire, the total sports handle drops by 15%, but sees a 57.7% decline in revenue. Let’s take a closer look at these numbers and understand why the numbers have dropped.

New Hampshire Sportsbooks Sees Drop in Numbers

First, lets talk about the handle. The 14.7% dip in total sports betting handle gives us $50.995 million. January’s handle is actually the record high handle for the state at $59.795. But the dip is not that far, and can be attributed to the usual February dip where we see less days and weekends for the month. Plus, there is also a lull in between sports events where there are less games this month for people to bet on. Similar dips can be seen in various sportsbook pay per head bookie reports.

Next, would be the revenue. Normally, when we see a drop in handle, the drop in revenue has a similar percentage. But in the case of New Hampshire, the drop is a whopping 57.5%. This brings the gross gaming revenue of the state down to $1.79 million, from January’s $4.197. The huge drop in revenue for the month is most likely because of the betting behavior of residents. As what sportsbook pay per head providers have seen, there was a lot of action on Super Bowl in February.

New Hampshire Super Bowl Betting

New Hampshire has a $7.1 million in Super Bowl Handle. But revenue is down because residents most probably bet heavily on the Tampa Bay Buccaneers. For those not familiar, former New England Patriots’ Tom Brady plays with the Buccaneers. And since Tampa Bay won, there were a lot of payouts. 81% of the wagers on the Super Bowl were placed on the Buccaneers, to be specific.

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