Rhode Island sports betting reports record revenues in November

The state posted sports betting revenue of $6.7m, up 85.8% from October and with a total handle of $52.7m.

US.-  Rhode Island has set a record for sports betting revenue in November. The state posted sports betting revenue of $6.7m, up 85.8% from October’s $3.6m. It reported 6.7% more than November 2020’s previous record of $6.3m.

Rhode Island’s total handle for November was $52.7m, a decrease of 12.3% from October’s record of $60.2m. But it registered 50.3% more handle than in November 2020, when it reported $35.1m.

Online sports betting handle hit $28.7m, down 7.8% from October’s $31.1m.

November’s video lottery terminal net income was $35.9m, 9.3% less than October’s $39.6m. Table games revenue for November was $10.9m, up 0.8% from October’s $10.8m. It recorded 114.4% more than November 2020, when it registered $5.1m.

The record revenue numbers are most likely due to the start of the sports season. The NBA and NHL regular seasons started in October, while the NFL and college football started in September.

See also: Rhode Island Lottery generates nearly $302m net income