Rhode Island betting handle and revenue reach 10-month high in October

Rhode Island players spent a total of $45.8m (£36.1m/€42.2m) betting on sports in October. This was down 25.2% from $61.2m in October 2022 but 21.8% more than September this year.

It was also the highest monthly total since a record $62.3m was bet in January 2023.

Of this total, $36.4m was wagered online and $9.5m at retail sportsbooks. This includes $6.3m at Twin River and $3.2m at Tiverton Casino. 

Rhode Island revenue slips year-on-year

Turning to revenue and it was a similar year-on-year story for Rhode Island. The $4.5m posted in October was 8.2% less than $4.9m in the same month last year but 28.6% more than $3.5m in September. 

It was also noted that the October figure was the second highest of the calendar year. The $5.2m generated in January is the only higher monthly figure so far in 2023.

Mobile betting accounted for $3.7m of all revenue and retail at $835,276. Twin River posted $584,987 in betting revenue and Tiverton Casino $250,289.

Players won $41.3m from betting in October, including $32.6m online and $8.7m at retail sportsbooks.

Year-to-date handle totals $126.0m

Looking at Rhode Island and its year-to-date figures, total spend in the 10 months to the end of October hit $126.2m. Of this, $97.1m was spent online and $28.1m at retail facilities.

Revenue for the period amounted to $11.3m. Online betting accounted for $9.2m of this and retail $2.1m.

Players in Rhode Island won a total of $114.9m in the 10-month period.