RI sports betting revenue rockets in September

29 October 2019

Rhode Island sports betting revenue almost tripled month-on-month to $2.5m (£1.9m/€2.3m) in September, with an increase in retail betting accompanied by the first contribution from mobile.

Total market revenue was up 195.4% from $851,778 in August, breaking the previous monthly record of $2.2m set in June of this year. Players wagered $22.2m, which represents a 120.6% increase on the previous months’ $10.1m.

As the market opened in November 2018, year-on-year comparisons are not yet available.

Retail remained the most popular form of sports betting during September, with consumers spending $18.9m at the Twin River Casino in Lincoln and Twin River Tiverton site. This was up 177.7% from a total retail spend of $10.6m in August, prior to the launch of mobile sports betting.

Read the full story on iGB North America.