Rhode Island doubles sportsbook revenue
The revenue from sportsbooks in Rhode Island posted record-highs in June and registered US$2.1 million.
US.- The Rhode Island Lottery, the body in charge of handling sports betting operations in the state, reported on Tuesday the latest financial figures. These indicate that June was a successful month for sportsbooks in the state, as they more than doubled revenues.
The Lottery reported that the two sportsbooks in the state registered a combined revenue of US$2.1 million, which is significantly higher than the US$899k that they had posted in the previous month. Despite these numbers, sports betting handle suffered a setback to US$14.7 million from May’s US$18.9 million.
June was the best month to date for both Rhode Island’s Twin River and Tiverton Casino sportsbooks, as they posted record-highs. Twin River took in US$11.7 million in bets and generated US$1.7 million in revenue in June. On the other hand, Tiverton Casino generated US$445 million in revenue, with players betting over US$3 million at the facility.
Mobile betting nears in Rhode Island
According to the Department of Revenue spokesperson Paul Grimaldi, mobile betting in Rhode Island may be ready by September. He explained the state plans to implement testing of mobile betting apps in August.
Two apps will be on offer: one for Twin River Casino Hotel and another for Tiverton Casino Hotel. Punters will have to visit locations in person to verify their identity before they can deposit money via their mobile.
