Rhode Island sportsbook revenue more than doubles in June
Rhode Island’s regulated sports betting sector has enjoyed its strongest month to date, with revenue hitting a new high of $2.2m in June.
Revenue at the Twin River Tiverton and Lincoln casinos, the only venues permitted to offer wagering in the state, was up significantly from the $899,165 generated in May.
Customers staked $14.7m, down 22.0% from May. Growth came as a result of a decline in player winnings, which offset a month-on-month decline in amounts wagered.
Payout for the month fell to $12.6m, resulting in the state’s hold increasing to 14.6%. May had seen customers win back $18.0m, or 95.2%, of amounts wagered.