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RI sports betting revenue up in March despite handle decline


Sports wagering revenue in Rhode Island increased 8.1% year-on-year in March despite the US state reporting a decline in handle.

Players spent $41.5m betting on sports during the month, down 9.4% from $45.8m in March 2022 and also 3.7% lower than the $43.1m wagered in February this year.

Of this total, $30.0m was spent betting online, with the remaining $11.5m wagered at retail facilities at the Twin River and Tiverton Casino locations. Twin River took $6.2m in bets and Tiverton $5.3m.

Turning to monthly revenue and this amounted to $4.0m, up from $3.7m in the same month last year and 11.1% ahead of $3.6m in February 2023.

Online betting was responsible for $3.0m of all revenue, while $1.0m was split across the two casinos. Twin River posted $598,666 in revenue and Tiverton Casino $370,803.

Consumers won $37.6m from betting on sports online and in-person during the month.

For the year-to-date, total handle in the nine months to the end of March was $417.5m, with revenue at $42.2m and player winnings $375.3m.