Rhode Island sees $3.2m in sports betting revenue for April

Sports betting in Rhode Island decreased in April after March Madness.
Sports betting in Rhode Island decreased in April after March Madness.

Sports betting revenue was down 20 per cent from March but remains up year-on-year.

US.- Sports betting in Rhode Island saw revenue of £3.2m for April, down 20 per cent from $4m in March.

The number remains a significant improvement on April last year, when sports events were cancelled due to the Covid-19 pandemic.

Retail sportsbooks were responsible for $1.5m of all revenue for the month, compared to a $821,000 loss in 2020, while mobile betting was up 5,927.9 per cent at $1.7m.

In terms of player spending, the state handle was up 4,810.7 per cent year-on-year to $29m, but was 24.7 per cent lower than the $38.6m wagered by players in March this year.

Mobile wagers for the month amounted to $16.1m. Consumers bet a total of $12.9m at retail sportsbooks in the Twin River and Tiverton Casino sites.

Twin River top performer

Twin River was the best performer of the two casinos, posting $953,908 in revenue off a handle of $8.8m, while Tiverton Casino generated $522,159 in revenue from $4.1m in player bets.

Players won a total of $25.9m split $14.4m on mobile and $11.5m from retail.

For the year to date, sports betting revenue in the 10 months to the end of April reached $29.7m, while the state’s handle amounted to $295.3m for the period.

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