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.
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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.