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US April round-up: growth in Louisiana but New Hampshire declines

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Taking a look at the most recent monthly US State results, iGB analyzes sports betting growth during April in Louisiana and a decrease in revenue and handling in New Hampshire.

Louisiana saw a significant increase in sports wagering, which resulted in a higher revenue. In New Hampshire, the situation was the exact opposite, with the sports betting market shrinking year over year in April.

Starting in Louisiana, handle amounted to $283.0m (PS222.5m/EUR250.4m), up 34.8% from last year but down 19.1% from March’s $350.0m total. In April, players bet $263.2m on online sports in addition to the $19.8m they spent at sportsbooks.

In April, revenue was $33,0m. This is 49.3% more than last year, and just 2.4% less than the $33.8m revenue in March of this year.

The tax collected by the state during this month was $5.4 million, almost entirely from online sales.

In the first 10 months of the current financial year, the total amount spent by players was 2,86 billion dollars. Online, the total wagering was $2.61bn, while retail betting totaled $257.2m.

The total revenue for the first half of this year is $328.4m. The online revenues are $302.2m and the retail revenue is $26.2m.

New Hampshire: A Different Story

In New Hampshire the situation was not as good in April.

The amount of money spent by players on sports bets was $59.8m. This is down from $72.9m last March and also 18.0%. The total for April was the lowest since August, when $38.8m in wagers was made.

Online betting by players reached $53.5m. Another $6.3m was wagered in retail sportsbooks.

In April 2019, revenue was $5.3m, a decrease of 21.0% compared to last year, and 5.4% lower than $5.6m, reported in March 2019.

Retail betting outlets in New Hampshire generated only $23,173 of the total revenue.

Online betting accounted for almost the entire $2.3m tax collected by the state.

In the first 10 months of the current financial year, the total expenditure was $645.7 million. Online, bets totaled $565.2 million and retail betting reached $80.4 millions.

The state has generated $65.0m in revenue. The state’s total revenue is $65.0m, which includes $58.7m in online gambling and $6.4m from retail.

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