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Rhode Island sports betting revenue level in February


Revenue from sports betting in Rhode Island remained level year-on-year in February, while the state reported only a marginal increase in handle.

Wagering revenue for the month amounted to $3.6m, equalling the amount generated in the same month last year, but down 30.8% from $5.2m in January of this year.

Online betting accounted for $2.0m of revenue in February, while combined retail revenue from Twin River and Tiverton Casino reached $1.6m. Twin River retail revenue hit $1.9m, while Tiverton Casino posted $420,795 for the month.

Turning to handle and consumers spent $43.1m on sports betting, up 2.4% from $42.1m in February 2022 but 30.8% lower than $62.3m in January this year.

Players wagered $28.5m online and $14.6m at retail sportsbooks, including $8.7m at Twin River and $5.9m at Tiverton Casino.

Players won a total of $39.5m from betting on sports across online and retail in February.

For the financial year-to-date, revenue for the eight months through to the end of January was $38.2m, with handle at $375.9m and player winnings $337.7m.