Record-breaking $39 million from New Hampshire sports betting allocated for educational expenses in FY2025
New Hampshire's sports betting market is on an upward trajectory, with a significant increase in handle (total wagered money) from $753 million in FY 2024 to $818.4 million in FY 2025, reflecting nearly a 9% rise[1][5]. This growth has brought about increased state revenue, generating $38.9 million for public education in FY 2025, up from $33.6 million the previous year[1].
The growth in the sports betting market has positioned New Hampshire as a significant sports betting hub in the Northeast, ranking third nationally in per capita state revenue from sports betting[1]. DraftKings holds a dominant market presence in New Hampshire’s online sports betting, holding a virtual monopoly, with several other sportsbooks also legally operating in the state[2]. The total handle in New Hampshire has reached about $2.63 billion historically, with sportsbook revenue reaching $206 million and state taxes totaling $94 million[2].
Compared to other states, New Hampshire’s handle of $818 million for the 12 months through mid-2025 is substantial, though below the $888 million handle faced by Oregon (another smaller population state)[3]. The growth trend aligns with projections of a steady compound annual growth rate (CAGR) of around 10.3% nationally from 2023 to 2030, suggesting continuing expansion opportunities for New Hampshire’s sports betting market[4].
The opening of New Hampshire Casino Salem marks the beginning of the casino's three-phase development plan[6]. More sports betting outlets, including a new sportsbook at The Nash Casino, are on the way, adding to the entertainment and wagering options available in the state[7].
As the sports betting market continues to grow, there is growing interest in live betting, which allows punters to place bets on events as they happen[8]. This trend is expected to contribute further to the growth of the market in New Hampshire.
In summary, the sports betting market in New Hampshire is experiencing strong growth and expansion, with increasing handle and revenues backed by a favorable regulatory and competitive environment. The market's future looks promising, with continued growth expected in the near future.
[1] New Hampshire Sports Betting Revenue and Handle
[2] New Hampshire Sports Betting Market Overview
[3] State-by-State Comparison of Sports Betting Handle
[4] Sports Betting Market Growth Projections
[5] New Hampshire Sports Betting Revenue and Taxes
[6] New Hampshire Casino Salem Opens First Phase of Development
[7] More Sports Betting Outlets Coming to New Hampshire
[8] Live Betting in Sports Betting
- Given the continuous growth in the sports betting market, there might be a potential for European-based education platforms to offer courses on sports betting strategy and finance to New Hampshire residents, catering to their increased interest in sports betting.
- With the surge in state revenues generated from sports betting, New Hampshire could consider allocating funds towards finance and education-and-self-development initiatives, further improving the quality of life for its residents whilst also fostering long-term economic growth.
