New Hampshire Sports Betting Drops in May

The New Hampshire sports betting handle drops in May, its second consecutive month. The total sports betting handle of the state for the month of May is at $42.4 million. This is 9.3% lower than that of April’s sports betting handle of $46.7 million. Many online bookie software providers do understand why this is happening, but the drop in handle is not particularly common in many sportsbooks elsewhere.

New Hampshire’s highest handle was in January of this year, with $59.8 million in wagers. The handle drops the following month, but recovers in March. However, the handle dropped in April, and again, in May. State Revenue is also down at $1.43 from April’s $3.3 million, while the gross gaming revenue is $3.12 million, 11% lower than April’s $3.3 million.

New Hampshire Sports Betting

While we are seeing dips in the betting handle in some betting markets, it is usually no cause for worry. The month to month handle data is very informative, indeed. But more than that, it also is reflective of the sports events that happen during that month. If you look at pay per head reviews, you can find sports betting software providers who offer report and data management to help you spot these trends. It is important for you to understand how the numbers move throughout they year so you can adjust your cash flow as needed.

Usually, spring and early summer has a lower handle, with more sports leagues on either a break or training camp. This is the perfect time for you to find the best sports betting software to open a sportsbook. You can start off easy and build your momentum up as more and more sports events fill up the calendar. So while the numbers in the New Hampshire sports betting market are lower now, it only means that a recovery is up next.

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