Sports betting handle and revenue state roundup (January 26)

New Hampshire stakes fall year on year in December

Handle in New Hampshire for the final month of the year amounted to $78.8m, which was a 13% drop from the $90.9m recorded in December 2022, although it was a slight increase on the $78.5m posted in November.

Online sports betting, which is a monopoly with DraftKings being the state’s sole operator, accounted for the majority of the December bets as players wagered $67m digtially compared with $11.7m at retail sportsbooks.

In terms of online and retail GGR in New Hampshire combined, this stood at $7.7m in December, down 7% on the $8.3m posted in 2022 and 6% less than November’s $8.2m.

Lastly, the tax collected by the state in December totaled $3.4m. Broken down by online and retail, online contributed $2.9m, while $437,417 came from retail.

Louisiana monthly handle hits third consecutive high

Bettors in the Pelican State wagered $377m on sports during the final month of the year, surpassing November’s total by just under 6%. December’s total was a 48% increase on that recorded in December 2022.

Online sports betting accounted for the majority of this amount, with $344.9m in total bets, while a further $32.1m was placed at retail establishments.

There are nine mobile operators in Louisiana, with bet365 being the latest to launch, in November 2023 via a partnership with the riverboat casino Amelia Belle.

In terms of statewide revenue, or “net proceeds” as the operator refers to it, this reached $55.8m, beating the existing record of $43.3m set in October 2023. This meant operators achieved an online hold of 14.2%.

Breaking that down, $51.3m came from online sports betting after promotional spending, with $4.5m from retail. The state collected $7.6m in tax in December.

FanDuel narrowly tops Arizona handle in November

FanDuel maintained a narrow lead over its rivals in Arizona in terms of sports betting handle in November, figures released by the Arizona Department of Gaming revealed.

The Flutter Entertainment-owned operator took $249.3m in mobile bets in November, narrowly beating DraftKings with $229.4m in total wagers.

However, DraftKings took the top spot in terms of “adjusted gross revenue” with $9.7m after free bets are removed from the equation. FanDuel was second with $7.7m, followed by BetMGM with $1.9m.

In terms of overall handle in Arizona, players set a new record in November after spending $713.6m across mobile and land-based facilities.

This figure beat out the previous record of $690m set in March 2022, and it was also 16% higher than the $616.9m spent in November 2022.

However overall revenue was 46% lower than 2022 at $21.2m, with online contributing $19m to this figure.

DraftKings retains Wyoming dominance despite slight handle drop-off

DraftKings continued its dominance in Wyoming online sports betting handle, posting just over $11m in December.

While the Boston-based operator still dominates the market of just four brands, taking almost $7m more in handle than the next highest operator, December’s figure was almost $1m less than the $11.97m posted in November.

FanDuel and BetMGM took silver and bronze medal positions, respectively. The biggest growth in terms of wagers came from Caesars, which saw handle jump 50% from $397,184 in November to $803,768 in December, giving the operator a 4% share of the market based on handle.

Overall, the handle in Cowboy State grew 2.6% from $18.5m in November to just over $19m in December.

Revenue also went up in Wyoming in December, reaching $1.8m. This was an 18% increase on the November figure.