Rhode Island sports betting handle drops in March

Rhode Island sports betting revenue up in March despite handle decline.
Rhode Island sports betting revenue up in March despite handle decline.

Players in Rhode Island wagered $41.5m on sports during March.

US.- Rhode Island’s sports betting handle reached $41.5m in March, down 9.4 per cent from $45.8m in the same month of 2022 and also down 3.7 per cent from $43.1m in February 2023

According to the Rhode Island Lottery, $30m was staked online, with the remaining $11.5m split across the Twin River and Tiverton Casino retail sportsbooks. Twin River’s handle amounted to $6.2m and Tiverton Casino’s $5.3m.

The state reported sports betting revenue of $4m, an 8.1 per cent increase year-on-year and also 11.1 per cent ahead of the $3.6m posted in February. Some $3m in revenue was generated from betting online, while $598,666 was attributed to the retail sportsbook at Twin River and $370,803 Tiverton Casino.

The Rhode Island lottery reported that players won $37.6m from betting on sports in March. For the year-to-date, the total handle in the nine months to the end of March was $417.5m, with revenue at $42.2m and player winnings at $375.3m.

See also: Rhode Island Senate passes legislation to allow betting on in-state college teams

Bally’s Twin River Lincoln opened new gaming area

Bally’s Corporation announced that Bally’s Twin River Lincoln Casino Resort officially opened 40,000 square feet of new gaming space in a landmark expansion of its casino floor. Bally’s broke ground on the $100m expansion of Rhode Island casino in August 2021.

The new gaming area includes 355 slot machines, 57 table games, 27 stadium-style games, and a first-class, high-limit gaming area.

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Rhode Island sports betting