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Rhode Island sports betting revenue rockets 828.6% in July


Sports betting revenue in Rhode Island jumped 828.6% year-on-year to $3.3m in July, while the amount wagered by consumers during the month hiked 229.9%.

Revenue was significantly higher than $351,425 in July last year, though 2020’s figures were impacted by the novel coronavirus (Covid-19) pandemic as the state continued its recovery from the crisis.

However, revenue was 10.8% lower than the $3.7m posted in June this year.

Mobile accounted for $1.7m in revenue during July, while $1.6m was generated from retail sports betting, with this split $989,687 across Twin River’s sportsbook and $561,469 at the Tiverton Casino.

In terms of handle, players spent $22.1m on sports betting in July, which was up from $6.7m last year but 25.1% lower than $29.5m in June 2021.

Consumers wagered $11.1m online during the month, as well as $7.9m at the Twin River physical sportsbook and $3.1m at the Tiverton Casino.

Players won a total of $18.8m from sports betting in July, including $9.4m online, $6.9m at the Twin River casino and $2.5m at the Tiverton Casino.