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Rhode Island posts record mobile sports betting revenue

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The Rhode Island Lottery reported significant growth for sports betting in October 2020, with handle and revenue increasing across both mobile and land-based channels.

Sports fans in the state wagered $34.7m in October, up 22.6% from the $28.3m wagered this time last year. Handle was also up 10.9% compared to September 2020.

Total revenue in the state reached $4.4m, up 83.3% from the $2.4m generated in September, and up 76.0% from $2.5m in October 2019.

Retail betting continued to outstrip mobile, as the Twin River Lincoln and Tiverton casinos took $19.3m in wagers, compared to $15.4m on mobile. Twin River Lincoln brought in the majority of land-based wagers, at $14.1m, while Tiverton brought in $5.3m.

Mobile saw significant month-on-month growth, though, as it generated $2.0m in revenue, up 133.6% from $856,000 in September. This is the highest monthly revenue figure posted since the launch of mobile wagering in September 2019.

The in-person requirement for igaming registration was subsequently removed in an amendment signed into law in July this year.