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Rhode Island latest state to smash sports betting handle record in October


Rhode Island has become the latest US state to set a new sports betting handle record in the month of October, with consumers wagering a total of $60.2m.

The figure represents a 46.1% increase on the previous record of $41.2m, which was set in September of this year, while the total was also 73.5% higher than $34.7m in October 2020.

The majority of wagers – $31.1m – were placed via mobile in October, while players also bet $29.0m at retail sportsbooks in the state.

Twin River proved the more successful of the state’s two retail-licensed operators, taking a total of $21.3m in wagers during October, ahead of sister property Tiverton Casino with $7.7m.

However, in terms of revenue, this amounted to $3.6m for the month, which was 18.2% down from $4.4m in October last year and also 10.0% lower than $4.0m in September of 2021.

Retail revenue reached $2.0m for the month, while mobile revenue amounted to $1.6m.

Twin River again led the way in retail with $1.6m in sports betting revenue for the month, while Tiverton Casino posted $440,625 in revenue.

Players won a total of $56.6m from sports betting in October.

For the year to date, players in Rhode Island wagered $147.5m on sports in the four months to the end of October, with operators turning an overall revenue of $12.0m.

Rhode Island joins a host of other states that smashed their sports betting records in October. Nevada set a new monthly record for sports betting handle in October, as players wagered $1.0bn, but this was short of the record $1.3bn bet by consumers in New Jersey in the same month.

Pennsylvania’s handle reached an all-time high of $776.3m, Colorado $491.5m, Indiana a record $461.1m, Michigan $463.3m and Iowa $280.9m.

Other handle records were set in Oregon ($37.6m), Mississippi ($83.5m), New Hampshire ($98.2m) and Washington DC ($26.3m).