RI sports betting handle slips to 10-month low in May
| By Robert Fletcher
Consumer spending on sports wagering in Rhode Island fell to its lowest total in 10 months during May.
Players bet $30.8m on sports, down 25.1% from $41.1m in May 2022 and 17.9% less than $37.5m in April this year. This was also the lowest amount since $27.7m was bet during August last year.
Some $22.4m was wagered online, while $8.4m was spent betting at retail sportsbooks. The latter was split $4.8m at Twin River and $3.5m at the Tiverton Casino.
Revenue for the month amounted to $3.9m, up 69.6% from $2.3m last year and 30.0% more than $3.0m in April 2023.