RI sports betting revenue declines despite record handle
Rhode Island’s sports betting revenue for October declined slightly from a record September despite its highest-ever handle, as operators took in $2.5m from the vertical.
Players wagered a total of $28.3m on sports in the state, exceeding the previous record handle of $23.6m, set in March. However, after a payout to players of $25.8m, also a state record, October’s revenue figure ended up 2.3% behind the same figure in September.
Online sportsbook handle increased 78% from September in its first full month of activity after the online market opened on September 4.