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Rhode Island sports betting revenue reaches $3.2m in April

| By Robert Fletcher
Sports betting revenue in Rhode Island amounted to $3.2m (£2.3m/€2.6m) in April, while the US state’s handle reached $29.0m during the month.

Revenue was 11,472.0% higher than the $27,381 generated in the same month last year, but the 2020 figures were severely impacted by novel coronavirus (Covid-19) with players only able to wager via mobile. Wagering options were also limited as the pandemic saw almost all sports events cancelled or postponed.

On a month-on-month basis, revenue was down 20.0% from the $4.0m collected in March this year.

Retail sportsbooks were responsible for $1.5m of all revenue for the month, compared to a $821,000 loss in 2020, while mobile betting was 5,927.9% higher at $1.7m.

In terms of player spending, the state handle was up 4,810.7% year-on-year to $29.0m, but 24.7% lower than the $38.6m wagered by players in March this year.

Read the full story on iGB North America.

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