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Rhode Island betting stakes rise 18.6% year-on-year in March


Sports betting stakes in Rhode Island totaled at $45.7m for March (£36.4m/€43.3m), up by 8.5% month-on-month and 18.6% from March 2021.

This brought the year-to-date wagering total to $401.7m. This is almost $49m more than the state’s full year 2021 results, which were impacted by the Covid-19 pandemic.

Online was the most popular form of betting in March, with customers staking $27m throughout the month. This was an increase of 15.8% from February, and 27.7% year-on-year.

Customers staked a combined total of $18.6m at Rhode Island’s two casinos, Twin River and Tiverton Casino. At Twin River, the total was $12.6m, a decrease of 12.2% from February but fairly steady from March 2021, falling just 1.1%.

The Tiverton Casino saw wagers of $6m, up by 38.6% from the previous month and 31.2% year-on-year.

Online hit $1.8m in revenue in March. This was 5.7% less than in February, and 2.7% less than the previous March.

Out of the two casinos, Twin River saw the most revenue, which totaled at $1.5m. Month-on-month, this was 12.1% higher, and also grew by 2.2% yearly.

Tiverton Casino reported revenue of $396,030, up by 42.4% compared to February. However, this was down by 37.4% year-on-year.