In April 2023, the state of New Hampshire experienced a significant increase in sports betting revenue. According to reports, the state saw a 51% increase in revenue compared to the same period in the previous year. This is a remarkable achievement for the state’s sports betting industry, which has been growing steadily since its legalization in 2019.

The surge in revenue can be attributed to several factors. First and foremost, the COVID-19 pandemic had a significant impact on the sports betting industry in 2020. With most major sports leagues suspending their seasons or canceling events altogether, sports betting revenue took a hit. However, with the gradual return of sports events in 2021 and 2022, the industry has been able to recover and even surpass pre-pandemic levels.

Another factor that contributed to the increase in revenue is the growing popularity of online sports betting. In New Hampshire, residents can place bets on sports events through mobile apps and websites. This convenience has made it easier for people to engage in sports betting, leading to an increase in revenue for the state.

Additionally, the state’s decision to legalize sports betting has also played a significant role in the growth of the industry. Prior to its legalization, many residents were placing bets through illegal channels. However, with the introduction of legal sports betting, more people are now willing to participate in the industry without fear of legal repercussions.

The increase in revenue is not only beneficial for the state’s economy but also for its residents. A portion of the revenue generated from sports betting goes towards funding education programs in the state. This means that as the industry continues to grow, more money will be available to support education initiatives.

Overall, the 51% increase in sports betting revenue in April 2023 is a positive sign for the industry and the state of New Hampshire. As more people continue to participate in legal sports betting, revenue is expected to increase even further in the coming years. This growth will not only benefit the state’s economy but also provide more opportunities to support education programs and initiatives.