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RI sports betting handle slips to 10-month low in May


Consumer spending on sports wagering in Rhode Island fell to its lowest total in 10 months during May.

Players bet $30.8m on sports, down 25.1% from $41.1m in May 2022 and 17.9% less than $37.5m in April this year. This was also the lowest amount since $27.7m was bet during August last year.

Some $22.4m was wagered online, while $8.4m was spent betting at retail sportsbooks. The latter was split $4.8m at Twin River and $3.5m the Tiverton Casino.

Revenue for the month amounted to $3.9m, up 69.6% from $2.3m last year and 30.0% more than $3.0m in April 2023.

Online betting accounted for $2.7m of this total. Tiverton Casino contributed $597,447 in retail revenue and Twin River $593,771 in further retail revenue.

Consumers won $26.9m betting on sports, also the lowest total since August last year.

For the year to date, player spending on betting in the 11 months to the end of May hit $485.7m, while revenue for the state was $49.1m.