- The Rhode Island Lottery (RIL) has released May sports betting reports that show a 2.7% decline in handle month-over-month.
- May brought in $28.25 million in handle from Rhode Island sports bettors.
- The sports wagering market of the Ocean State is expected to see a surge in bets once the NFL season begins in September.
PROVIDENCE, R.I. – Rhode Island’s sports betting industry saw another drop in activity in May, although this was only a slight decrease month-over-month.
There is no real reason for this drop in sports bettors laying down wagers other than to say Rhode Islanders have a real love for football and the market has seen a slow decline since the Super Bowl officially ended the NFL season.
Despite having NBA betting in the thick of playoff game action, gamblers in the Ocean State are not biting as hard in May as they were in April and even then, sportsbooks were seeing lower levels of handle. The Rhode Island Lottery (RIL) released its May sports betting report on Monday.
Per May’s report, Rhode Island saw a 2.7% drop in handle with $28.25 million wagered for the month. April had $29.041 million seen in bets placed. Mobile sportsbooks took in over half of the wagers for May with $14.6 million.
This was a decrease of 9.3% from the previous month that saw $16.102 million in bets placed through mobile platforms. In terms of revenue, May posted 12.6% less than April with $2.77 million from April’s $3.169 million.
The Outlook For Rhode Island Sports Betting
Regulated sports betting is coming to the neighbors of Rhode Island like Connecticut and possibly Maine and Massachusetts this year.
The Ocean State will need to up its game as far as competition goes for its sports betting industry. Rhode Island sports gaming is home to two retail sportsbooks and a William Hill mobile sports betting platform that can be accessed statewide.
Luckily, the NFL season is right around the corner which is when Rhode Island should expect to see sports betting activity turn a corner for the better and turn even more of a profit.
Rhode Islanders can be hardcore sports bettors, but they’re selective when it comes to what they want to wager on and the NFL betting season is what reigns supreme among gamblers of the Ocean State.
Christina has been writing for as long as she can remember and does dedicated research on the newly regulated sports betting market. She comes from a family of sports lovers that engage in friendly bets from time to time. During the winter months, you can find Christina baking cookies and beating the entire staff at Mario Kart…the N64 version of course.