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Rhode Island handle slips to six-month low in February

| By Robert Fletcher
Consumer sports betting stakes in Rhode Island amounted to $42.1m in February, the lowest monthly total since August of last year.

The state’s handle was 24.3% higher than $34.1m in February 2021 but 27.7% lower than the $58.6m wagered by players during January of this year.

Online was again the most popular form of betting among consumers, with $23.4m wagered via the internet, compared to the $18.8m that was bet at the state’s two retail sportsbooks at the Twin River and Tiverton Casino sites.

Revenue jumped 125.0% year-on-year from $1.6m in February 2021 to $3.6m, though this total was 30.8% behind the $5.2m generated in January this year.

Online revenue for the month amounted to $1.9m, while retail betting revenue reached $1.6m.

Twin River was again the more successful of the two retail sportsbooks, posting $1.4m in revenue from $14.4m in bets. Revenue at the Tiverton Casino reached $278,031 off $4.4m in wagers.

For the year to date, players wagered a total $355.9m during the eight months to the end of February, while revenue amounted to $28.7m.

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