Rhode Island: sports betting falls in December

Casinos in Rhode Island were closed for the majority of December 2020.
Casinos in Rhode Island were closed for the majority of December 2020.

The state’s sports betting handle and revenues fell both year-over-year and month-on-month in December.

US.- Sports betting handle and revenues from the sector fell in Rhode Island in December after the closure of casinos due to the increase in Covid-19 cases.

Both Bally’s owned properties, Twin River Casino in Lincoln and Tiverton Casino Hotel, were closed from November 29 to December 21.

The state’s sports betting handle came to $22.8m, down 28.1 per cent year-on-year and down 35.1 per cent from November‘s $35.1m handle. 

Once player winnings were paid out, sportsbooks were left with $2.5m in revenue, a 59.7 per cent drop from November but steady similar from December 2019.

The revenue from mobile betting rose to $18.3m, up 114 per cent year-on-year and 16.8 per cent month-on-month rise. A high customer payout rate meant that revenues fell.

Mobile sports betting was legalised in Rhode Island in 2019. It has received opposition from the Republican activist Daniel Harrop.

In June last year, a state judge rejected Harrop’s request to halt sports betting both at casinos and online.

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