Finance

Rhode Island sports betting handle reaches record $39.8m in January

| By Robert Fletcher
Sportsbooks in Rhode Island processed a record $39.8m in sports wagers during January, while the US state also saw a 12.7% year-on-year increase in sports betting revenue.

Total revenue for the month amounted to $3.7m (£2.7m/€3.1m), up from $3.3m in January 2020 and also 48.8% higher than the $2.5m recorded in December last year.

Mobile betting accounted for $2.1m of all revenue in the month, while land-based revenue, split between the Twin River Casino and Tiverton Casino, amounted to $1.6m.

Players wagered a record $39.8m on sports during the month, up 48.0% year-on-year and also 74.6% more than in December 2020.

Some $21.9m was wagered on mobile in January, compared to $17.9m at the two land-based sportsbooks at the Twin River Casino and Tiverton Casino.

Read the full story on iGB North America.

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