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Rhode Island sets new sports betting revenue record in November


Rhode Island saw sports betting revenue reach a new monthly high of $6.7m in November, while players wagered a total of $52.7m during the month.

Player spending was up 50.1% year-on-year from $35.1m in November 2020 and while this fell short of the record $60.2m set in October 2021 by 12.5%, it was the second-highest monthly handle total since the market launched.

Mobile betting accounted for $28.7m of all wagers placed during the month, while retail wagers amounted to $24.0m.

Consumers spent $18.6m betting on sports at the Twin River retail sportsbook, while sister property Tiverton Casino processed $5.4m in bets in November.

Turning to revenue and the $6.7m generated in November surpassed the previous record of $6.3m set in November 2020 by 6.4%.

Retail revenue amounted to $3.5m, ahead of online revenue at $3.2m. Twin River reported $2.3m in retail revenue for the month, ahead of Tiverton Casino on $1.2m.

For the financial year to date, Rhode Island’s handle for the five months through to the end of November was $200.2m, while revenue for the period was $18.7m.