RI sees mobile betting improve in May

Sports wagering revenue in Rhode Island slumped 71.6% year-on-year in May as the state continued to feel the impact of the novel coronavirus (Covid-19) crisis, though this marked a significant improvement on April’s figures.

Revenue for the full month amounted to $163,472 (£132,615/€145,224) compared to $574,703 in the same month last year, while the state’s handle also fell 89.7% from $14.6m to $1.5m.

The state’s bricks and mortar casinos were closed throughout the month, meaning the only revenue reported was from bets placed before the shutdown being settled.

As mobile betting did not launch in the state until September 2019, there are no year-on-year comparable figures, but on a month-on-month basis, revenue from mobile sports wagering rocketed 475.8% from $28,202 in April to $162,408.

Read the full story on iGB North America.