Rhode Island sports betting revenue hits record high in April

Sports betting revenue in the state of Rhode Island hit an all-time high of $1.97m (£1.56m/€1.77m) in April, despite a significant decline in customer activity over the month.

The Twin River casinos in Lincoln and Tiverton – the only facilities licensed to accept legal sports wagers in the state – processed a total of $16.9m in bets last month, paying out $14.9m.

While the overall amount wagered was at its lowest since December 2018 – the first full month of regulated sports betting after the state opened its market in the month before – customer winnings were at their lowest this year.

This meant the state was able to post all-time high revenue of $1.97m, up from the previous record of $1.55m that was set in March and a stark contrast to the loss of $890,623 reported in February.

Read the full story on iGB North America.

Image: Morrow Long