Rhode Island sports betting revenue reaches $36.2m

Retail operations in Rhode Island opened in May 2021.
Retail operations in Rhode Island opened in May 2021.

Sports betting revenue in Rhode Island for the last financial year nearly doubled the previous, reaching $36.2m.

US.- Revenue for sports betting in Rhode Island for the 12 months to June 2021 reached $36.2m, nearly doubling the $18.7m in revenue generated in the previous financial year, which was affected by Covid-19-related closures.

Operators generated $18.3m of the total online. Retail operators didn’t open until May 2021, but still raked $17.9m. Consumers bet $353m, up 76.3 per cent from the previous year. Most of that ($184.6m) was wagered online, with land-based wagers reaching $168.4m.

In retail, Twin River posted $11.7m in revenue with a handle of $118.9m. Tiverton casino posted $6.2m from $49.5m in wagers.

June 2021‘s revenue was the highest since March at $3.7m from a handle of $29.5m. Retail beat online, with land-based operations reaching $2m in revenue from a $14.8m handle, while igaming saw $1.7m from a handle of $14.6m.

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