Home Finance Rhode Island sports betting handle hits six-month high in September

Rhode Island sports betting handle hits six-month high in September

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Players in Rhode Island spent $37.6m betting on sports in September, the highest monthly total since March but lower than last year.

The figure is 9.8% less than the $41.7m spent in Rhode Island in September 2022. However, it is 67.1% more than $22.5m in August this year and the highest total for six months.

Of this total, $28.7m was spent betting online and $9.0m at retail sportsbooks. Land-based wagers were placed at physical facilities at Twin River and Tiverton Casino. Twin River took $5.7m in bets and Tiverton Casino $3.2m.

September sports betting revenue reaches $3.5m

Revenue from sports betting in Rhode Island increased by 150.0% month-on-month in September to $3.5m. This was, however, 45.3% lower than $6.4m in September 2022.

Online betting accounted for $2.8m of all revenue during the month. Retail’s share was $663,538, split between Twin River and Tiverton Casino. Twin River posted $441,485 in revenue and Tiverton Casino $222,053.

Rhode Island players won a total of $34.2m from sports betting in September. Some $25.9m was won betting online and $5.3m and $3.0m via retail bets at Twin River and Tiverton Casino, respectively.

Rhode Island year to date

As for the year to date, total handle for the three months to the end of August amounted to $80.4m. Online bets hit $61.8m and retail $18.6m.

Revenue reached $6.6m, with $5.4m coming from online betting and $1.3m retail. Players won $73.6m, some $56.3m from online and $17.3m retail.

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