New Hampshire Sports Betting Could Take 'Small Hit' from Massachusetts Launch

Massachusetts is planning to launch mobile sports betting. New Hampshire has three sportsbooks, but they are all on the border with Massachusetts. Massachusetts is also planning in-person sports gambling at its casinos and racetracks. New England has one mobile bookmaking website, run by DraftKings. It will be affected by the launch of mobile betting in Massachusetts in March. The state will lose some of its advantage.

Vermont's Sports Betting Study Committee is studying legalizing sports betting in Vermont. The committee is not concerned about Vermont stealing business from neighboring New Hampshire. However, the spread of sports gambling in Massachusetts could take a bigger bite of New NH's sports bettors' revenue. DraftKings suggests that around a quarter of all Super Bowl Sunday bets in New Hants were linked to people with Massachusetts addresses.

Sports betting in New Hampshire has increased 65% since last year. Lottery reported that sports wagering topped $861 million for 2022 fiscal year, of which over $670 million was bet over the internet and more than $190 million wagered at the state's three retail sportsbooks. The Lotteries' cut from legal sports betting has been increasing as well, to $23.9 million in tax for its 2022 Fiscal Year from almost $18 million a year earlier.