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Rhode Island sports betting revenue slips to 12-month low in August


Sports betting revenue in Rhode Island fell to its lowest monthly total in 12 months during August, despite a month-on-month increase in player spending.

Revenue for the month reached $1.1m, down 21.4% from August last year and the lowest amount since $351,425 in July last year.

The August total was also down 66.7% from $3.3m in July of this year.

Mobile revenue for the month amounted to $723,453, while retail revenue was $406,406, with $262,499 at the Tiverton Casino and $143,907 at the Twin River site.

Players wagered a total of $24.0m on sports in August, up 3.9% from $23.1m in the same month last year and also 8.6% higher than $22.1m in July this year.

Some $11.8m was bet via mobile during the month, while players also spent $8.8m at Twin River and $3.4m at the Tiverton Casino.

For the year to date, sports betting revenue in Rhode Island during the two months to the end of august was $4.4m, with the state’s handle at $46.1m.