Rhode Island posts further year-on-year sports betting declines in December
Player spending in December amounted to $47.9m (£37.8m/€44.1m). This was 19.1% less than December 2022 and 0.6% behind November 2023’s total in Rhode Island.
Some $39.1m of the total spent in December was wagered online. The other $8.8m was bet at retail sportsbooks, with $5.6m spent at Twin River and $3.3m Tiverton Casino.
Revenue recovers in December
As for revenue, this reached $4.1m during December. This was 33.9% less than $6.2m in the same month in 2022 but 20.6% ahead of November’s $3.4m.
Online betting generated $3.6m in revenue and retail wagering $591,275. Twin River posted $267,201 in revenue and Tiverton casino $324,074, despite the latter’s smaller handle.
Players won a total of $21.9m during the month including $15.8m from online betting and $8.2m retail.
H1 handle exceeds $220.0m in Rhode Island
December concluded the first half of the state’s 2024 financial year. During this six-month period, players wagered $222.4m on sports.
Online sportsbooks drew $175.8m in bets and retail venues $46.5m. Twin River processed $29.4m in sports wagers and Tiverton Casino $17.1m.
Turning to revenue, this hit $18.8m in H1. Of this total, $15.3m was generated online. The other $3.6m came from retail betting, including $2.4m Twin River and $1.2m Tiverton Casino.