RI sports betting revenue rises in July

The Rhode Island Lottery saw sports betting revenue grow in July, as the state’s market continued to recover from the novel coronavirus (Covid-19) shutdown.

Revenue amounted to $351,425, which represented a 246.8% rise on $101,328 in June, but also a 57.5% drop on $821,579 reported in July last year.

Player spending was also up 236.9% month-on-month to $6.7m, but this was less than half the $14.7m wagered by consumers in July 2019.

Mobile remained the main source of income for licensed operators, with revenue during the month reaching $407,471, after consumers wagered a total of $4.4m.

In terms of land-based activities, retail sports betting generated an overall loss of $56,046, which pushed the overall revenue figure down. Players spent $2.3m at retail sportsbooks during the month.

Read the full story on iGB North America.