Rhode Island betting revenue surpasses $2m in February

Rhode Island’s sports betting industry reported modest figures in February.

According to figures from the Rhode Island Lottery, the state’s sports betting industry generated $2.3m in revenue in February, down from the $3.3m generated in January.

Despite the month-on-month drop, these figures represent a significant improvement on the loss of $890,623 reported in February 2019. In terms of handle, bettors in the state wagered $28.1m on sporting events, which was a 4.5% month-on-month increase on the $26.9m wagered the month prior.

Breaking down the figures

The sportsbook at the Twin River Lincoln casino was once again the most popular sportsbook amongst bettors after handling $15.2m in sports wagers. The Lincoln venue also generated $908,264 in revenue making it the market leader in February.

The Twin River venue in Tiverton generated $413,626 in revenue which represents a major 2,244.7% on the $17,641 generated the same time last year. Sports betting handle also saw a year-on-year increase to $4.5m.

Mobile sports betting revenue amounted to $407,050, representing a 47% month-on-month decrease on the $772,836 mobile betting generated in January. February also marked the lowest-performing month for mobile betting revenue since the mobile sports betting service launched. However, mobile sports wagering handle was up 9% on the $7.8m wagered in January up to $8.5m in February.

Sports betting in Rhode Island

Sports betting in Rhode Island was initially restricted to two land-based casinos, which was detrimental to the market. In August 2019, the Twin River branded mobile sports betting app went live in the state.

Now that the state has a mobile betting option, residents will be able to place bets using the mobile app, rather than travel across the state to visit one of the two land-based sportsbooks.

However, bettors that wish to wager on the mobile app must first visit a casino sportsbook to activate their mobile sports betting account. Once the account has been set up, they will be able to wager remotely from anywhere within the state.

We're proud to have appeared in:

  • logo-Express Logo
  • logo-Mirror Logo
  • logo-GiveMeSport Logo
  • logo-Daily Star Logo