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Rhode Island reveals year-on-year sports betting growth in December

News

The Rhode Island Lottery reported a year-on-year increase in both sports betting revenue and handle for December, driven by mobile wagering.

Player spending in December amounted to $59.2m, which was 7.8% higher than $54.9m in the same month in 2021, and only slightly lower than $61.2m in November.

Of this total, $36.7m was spent betting online, while the remaining $16.5m was wagered by consumers at the state’s two retail sportsbooks, split $15.3m at Twin River and $7.2m the Tiverton Casino.

Turning to revenue and this reached $6.2m for the month, up 416.7% from just $1.2m in December 2021 and also 26.5% ahead of $4.9m in November 2022.

Online was responsible for $4.2m of total revenue and retail $2.0m, including $1.0m from Twin River and $996,580 Tiverton Casino.

The Rhode Island Lottery also noted that players won a total of $53.0m during December.

For the state’s financial year to date, handle for the six months to the end of December was $270.6m, with revenue at $29.4m and player winnings $241.1m.