Rhode Island sports betting handle drops again in May
Players in Rhode Island wagered $30.8m on sports in May.
US.- Rhode Island’s sports betting handle reached $30.8m in May. The figure marks a nine-month low, down 25.1 per cent from $41.1m in the same month of 2022 and down 17.9 per cent from $37.5m in April 2023.
According to the Rhode Island Lottery, $22.4m was staked online, with the remaining $8.4m split across the Twin River and Tiverton Casino retail sportsbooks. Twin River’s handle amounted to $4.8m and Tiverton Casino’s $3.5m.
The state reported sports betting revenue of $3.9m, a 69.6 per cent increase year-on-year and 30 per cent higher than $3m in March of this year. Some $2.7m in revenue was generated from betting online, while $593,771 was attributed to the retail sportsbook at Twin River and $597,447 to Tiverton Casino.
The Rhode Island lottery reported that players won $26.9m from betting on sports in May. The handle for the eleven months to the end of May was $485.7m, with revenue at $49.1m.
Online casino
A bill to legalise online casino in Rhode Island has become law after being signed by governor Daniel McKee. SB948/HB6348A were filed by Senate president Dominick J. Ruggerio and representative Gregory J. Costantino.
The legislation allows residents in the state over the age of 21 to play table games remotely using a computer or mobile app. Players will have to be located within the state of Rhode Island. The law gives Bally’s the exclusive rights to operate via its Twin River and Twin River-Tiverton properties with IGT as its vendor.
Following a committee amendment, HB6348/SB948 included legislation that requires a live dealer to be in place and streamed via a simulcast.
