by Michael Molter | May 29, 2019 6:01 pm | Revenue
• Since their launch, Rhode Island sportsbooks have taken in almost $94 million in wagers. • The state has the lowest hold for 2019 (3.48%) of every legal sports betting state. • Twin River Casino has accounted for nearly 75% of the state’s yearly sports betting...
by Michael Molter | May 19, 2019 8:31 am | Sports Betting
Massachusetts is the likeliest state in New England to legalize, having a public hearing set at the end of May. If both New Hampshire chambers can find a way to agree on regulations, there is a chance they legalize in 2019. It would likely require a special session...
by Andy Faust | May 17, 2019 8:34 am | Revenue
Rhode Island sports betting returned to profitability in March. New projections suggest that RI’s tax revenue budget is not far off the mark. Rhode Island expects to generate $30 million from sports wagering in FY 2019-2020. PROVIDENCE, R.I. – Rhode Island Gov. Gina...
by Daniel Borjas | May 13, 2019 1:01 pm | Revenue
A report stated that Rhode Island will only make $2.3 million from sports betting this year. The original estimate from Governor Gina Raimondo was about $24 million. The lawsuit over mobile sports betting could further impact revenue projections. PROVIDENCE, R.I. –...
by Michael Molter | May 8, 2019 8:42 am | Sports Betting
Rhode Island sports betting revenue could eclipse $64 million in FY 2024 without neighboring expansion. Sportsbooks could see a 5% decline in growth through FY2024 should MA and CT add legal sports betting. Once the casinos open up FY2021, the Rhode Island revenue...
