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Rhode Island sports betting handle reaches record $39.8m in January


Sportsbooks in Rhode Island processed a record $39.8m in sports wagers during January, while the US state also saw a 12.7% year-on-year increase in sports betting revenue.

Total revenue for the month amounted to $3.7m, up from $3.3m in January 2020 and also 48.8% higher than the $2.5m recorded in December last year.

Mobile betting accounted for $2.1m of all revenue in the month, while land-based revenue, split between the Twin River Casino and Tiverton Casino, amounted to $1.6m.

Players wagered a record $39.8m on sports during the month, up 48.0% year-on-year and also 74.6% more than in December 2020.

Some $21.9m was wagered on mobile in January, compared to $17.9m at the two land-based sportsbooks at the Twin River Casino and Tiverton Casino.

Breaking down the figures for the two facilities, Twin River Casino performed the better of the pair, posting $1.0m revenue from $13.1m in bets.

Tiverton Casino recorded $539,924 in revenue off $4.8m in wagers during the month.

For the financial year to date, revenue in the seven months through to the end of January amounted to $21.0m, with players spending $193.5m in the process.