Home NewsSports Betting Rhode Island’s November revenue and handle are down.

Rhode Island’s November revenue and handle are down.

by Bela Ksovreli
432 views 2 minutes read

In Rhode Island, sports betting revenue and handle fell from year to year in November. However, there was an increase in spending by players month over month.

In November, Rhode Island bettors wagered $48.3m on sports betting (PS38.2m/EUR44.1m). It was a 21.1% decrease from the $61.1m of 2022, but a 5.5% increase over $45.8m for October 2023.

In Rhode Island, 38.6 million dollars were wagered on online sportsbooks. Another $9.6m in retail spending was made at Twin River Casino and Tiverton. In November, Twin River Casino took bets worth $6.0 million and Tiverton casino $3.6 million.

Rhode Island revenue drops to a four-month low

Revenue was $3.4m. This was not only 30.6% less than the $4.9m that had been generated in November of 2022, but it was also 24.4% lower than the $4.5m from October 2023.

Rhode Island Lottery noted that the total for November was also the lowest since August 2023, when $1.4m had been reported.

In November, online betting generated $2.6m in revenue. Retail revenue in November was $837 173, with $488 920 coming from Twin River Casino and $348 253 Tiverton.

In addition, it was noted that sports bettors won $44.9m in total during the past month. Online wagering brought in $36.1m and retail betting $8.8m.

The financial year-to date handle exceeds $170.0m

The total amount spent by players in five months, from the beginning of the year to the end November, was 174.5 million dollars. The total player spend in the five months to November was $174.5m. This includes online wagering of $136.8m and retail betting of $37.7m.

This amounted to $13.7 million in revenue for the period of five months. Retail sportsbooks generated $3.0m and online $11.7m.

Rhode Islanders won $159,8m in sports bets during the period.

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