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RI sports betting revenue reaches $12.0m in first half


The Rhode Island Lottery has reported sports betting revenue of $12.0m for the first half of the state’s 2020 financial year.

Consumers wagered a total of $132.0m on sports betting during the six months to December 31 2019, winning $120.0m in the process.

Twin River’s Lincoln casino was responsible for the majority of revenue in the first half, generating $7.9m in revenue from $85.8m in total wagers, as players won $77.9m.

In comparison, the Twin River Tiverton casino reported $2.0m in revenue from $20.0m in wagers for the period, with consumers winning $18.0m. The two Twin River casinos are the only venues licensed to offer sports betting in the state.

In terms of online betting, revenue for the medium stood at $2.1m from $26.3m in total wagers. Mobile wagering has only been legal in Rhode Island since this area of the market opened in early September 2019.

Rhode Island was boosted by a positive performance in December, during which the market saw a new monthly handle record and revenue fall just short of the monthly record set in November.

December sports betting revenue amounted to $2.6m, down from a record $2.7m in November. Consumers spent $31.7m on wagers during the month, beating the previous record of $31.5m also set in November.

Twin River Lincoln posted $1.6m in revenue from $18.8m in bets in December, while the Tiverton facility reported revenue of $351,433 off $4.1m in wagers.

Mobile betting revenue stood at $613,522 for the month, with players having spent a total of $8.8m during December.