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RI sets new sports betting revenue record in November


The Rhode Island Lottery has reported a new monthly revenue record for sports betting in November, with operators generating a total of $6.3m during the month.

The November was 43.2% higher than the previous record of $4.4m that was set in October 2020, and also up 133.3% from $2.7m in November 2019.

Consumers wagered $35.1m on sports in November, an year-on-year increase of 11.4%, with players winning a total of $28.8m in the process.

Mobile revenue reached $2.6m for the month, with players spending $15.7m on betting via their devices.

In terms of land-based sports betting, revenue from the Twin River Lincoln and Tiverton casinos amounted to $3.7m. Players wagered a total of $19.4m across the two casinos.

Breaking down these figures, the Twin River Lincoln performed the better of the two casinos, generating $2.5m in revenue from $14.5m in sports bets.

Twin River Tiverton posted $1.2m in revenue after players wagered $4.9m in the month.

For the financial year to date, total market revenue in the five months to the end of November stood at $14.8m, with players having wagered $131.0m and won a total of $116.2m.

Mobile revenue amounted to $6.3m, while Twin River Lincoln posted $5.4m and the Tiverton casino $3.0m.