Retail resurgence drives RI sports betting revenue in August
| By Aaron Noy
The Rhode Island Lottery has reported an increase in sports betting revenue and player spending in August, primarily due to increased activity at the state’s two retail sportsbooks.
Revenue for the month totalled $1.4m, a 64.4% year-on-year rise from $851,788 in August of last year, while the figure also represented a 298.4% increase on $351,425 in July this year.
Players wagered $23.1m on sports during August, up 244.8% on July’s total and also 117.9% from August 2019.
Retail overtook mobile to become the primary source of sports betting income in the state, with revenue for the channel amounting to $932,790. Players spent a total of $12.7m at the Twin River and Tiverton Casino sportsbooks.