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

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.