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RI sports betting revenue rockets in September


Rhode Island sports betting revenue almost tripled month-on-month to $2.5m in September, with an increase in retail betting accompanied by the first contribution from mobile.

Total market revenue was up 195.4% from $851,778 in August, breaking the previous monthly record of $2.2m set in June of this year. Players wagered $22.2m, which represents a 120.6% increase on the previous months’ $10.1m.

As the market opened in November 2018, year-on-year comparisons are not yet available.

Retail remained the most popular form of sports betting during September, with consumers spending $18.9m at the Twin River Casino in Lincoln and Twin River Tiverton site. This was up 177.7% from a total retail spend of $10.6m in August, prior to the launch of mobile sports betting.

Twin River’s Lincoln facility was by far the most popular of the state’s two sports betting venues, generating $1.6m in land-based revenue, up from $607,836 in August. Consumers placed $15.3m in retail wagers at the site, up 98% from in the previous month.

At the Twin River Tiverton, retail revenue increased from $243,952 in August to $438,790. Players also spent more on retail bets, with the $3.6m in September being 54.0% ahead of $2.3m in August.

In terms of mobile, which officially launched on September 4, revenue amounted to $512,740 after players staked $3.3m in the month.

Players must register in person at either of Rhode Island’s casinos (Tiverton began registering players from September 18) before they can bet via smartphones.