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Rhode Island sets new sports betting handle record in January


Players in Rhode Island wagered a record $62.3m on sports in January, though revenue in the US state remained level year-on-year.

Consumer spending was 6.3% ahead of $58.6m in January of last year and 5.2% more than in December 2022, while the total surpassed the existing monthly record of $61.2m set in November 2022 by 1.8%.

Online betting accounted for $37.5m of all wagers placed during January, while retail spend was $24.8m, split $17.2m at Twin River and $7.7m the Tiverton Casino.

Turning to revenue and this amounted to $5.2m, which was level with January 2022 but 16.1% lower than $6.2m in December last year.

Internet wagering generated $4.0m in revenue, while retail revenue for the month stood at $1.2m, including $660,792 from the Tiverton Casino and $504,427 Twin River.

Players won a total of $57.2m from betting on sports in January.

For the state’s financial year-to-date, handle for the seven months to the end of January was $332.9m, with revenue at $34.6m and player winnings $298.3m.