Rhode Island’s Sports Betting Revenues for the Month of October

Rhode Island’s Sports Betting Revenues for the Month of October

Rhode Island’s sports betting revenues for the month of October has seen a significant decline.

September seen a record with its highest-ever handle with operators taking in $2.5 million. For the month of October, players wagered a total of $28.3 million on sports, making the month of October falling short by 2.3%.

Online sportsbook handles increased 78% compared to September’s totals. The online sports betting market just opened on September 4th. Winnings from online wagers doubled from September amounting to $5.4 million for October. Online revenues were down by 13.7% amounting to $442,686.

The winning operator for the month was Lincoln Casino, Twin River’s flagship brand. The casino earned $18.4 million in sports wagering stakes while the casino sector earned $1.7 million in wagers. Twin River Tiverton came in second place earning $4.1 million for online wagers and $349,607 in revenues. Twin River’s handle increased by 14.1% while handle revenues fell 20.3%. As of right now, both Twin River venues are the only licensed facilities in the state to accept legal sports betting wagers.

Year-on-year comparisons are not available as of yet. The market just opened in November 2018, so comparisons are not applicable.


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