Rhode Island sets new record for mobile betting revenue in October

The Rhode Island Lottery recorded significant growth across online and land-based sports betting in October.

According to the latest figures from the Rhode Island Lottery, bettors in the state wagered $34.7m in October, up from the $28.3m wagered this time last year.

October’s sports betting handle also up 10.9% on the $31.3m wagered last month.

The figures also revealed that total sports betting revenue hit $4.4m, up on the $2.4m generated in September and the $2.5m sportsbooks made this time last year.

Breaking down the figures

The state’s land-based sportsbooks continued to outperform the mobile sports betting app with the Twin River Lincoln and Tiverton casino sportsbooks processing $19.3m in bets, while $15.4m was wagered on mobile.

The Twin River Lincoln venue processed $14.1m in bets and generated $1.7m in revenue, while the Tiverton venue generated $694,763 from $5.3m in bets.

The state’s mobile betting option generated $2m in revenue in October, up 133.6% from the $856,000 generated in September. This marked the highest monthly revenue figure for mobile betting in the state since the app went live in September 2019.

Sports betting in Rhode Island

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

In July, Rhode Island Governor Gina Raimondo signed an amendment into law that would allow potential sports bettors to complete their online account registration remotely without having to visit one of the state’s casinos.

With the passage of the amendment, HB 8907, Rhode Islanders can now complete the registration of online sports betting accounts anywhere within state lines.

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