Tuesday marked six years of land-based sports betting in Rhode Island. Since 2019, Rhode Island sportsbooks have earned north of $200 million from sports betting Rhode Island residents bet roughly 30% less year over year at retail locations from fiscal year 2022 to 2024. PROVIDENCE, … Read more
January had the second highest sports betting handle in Rhode Island’s market history. Over half of Rhode Island’s sports bets came from online sportsbooks. PROVIDENCE, R.I. – Rhode Island spent residents wagered over $58.6 million on sports in January, the second biggest handle in the … Read more
Rhode Island saw $39.8 million wagered on sports in January, setting the single-month record for betting handle. Sports betting revenue is up 48.8%. Mobile sportsbooks saw the bulk of betting action in January. PROVIDENCE, R.I. – Sports betting in Rhode Island was very active, managing … Read more
Rhode Island saw a 10.9% increase in betting activity month-over-month in October. Total sports betting revenue reached $4.4 million. Mobile betting was responsible for the bulk of the sports betting activity in the state. PROVIDENCE, R.I. – Rhode Island has seen a major boom in … Read more
The betting handle, revenue total, and tax contributions all increased from July to August. Twin River Casino has now collected over $100 million in wagers since the start of the year. The state of Rhode Island has seen over $1 million in sports betting tax … Read more
The sports betting handle in Rhode Island has decreased three of the last four months. Twin River Casino is only $11,500 from collecting over $5 million in sports betting revenue on the year. Tiverton Casino will likely break the $1 million state tax contribution mark … Read more
Twin River Worldwide Holdings has over $383 million in cash and cash equivalents at the time of reporting. To end July, the company executed their capital return program, funded from cash on hand. Purchasing more casinos about the country, Twin River is operations in five … Read more
June sports betting in Rhode Island accounted for the worst bettor performance, only keeping 85.41% of all action. Over $2.5 million was contributed to Rhode Island through taxes during April, May, and June. Twin River Casino has taken in four out of every five dollars … Read more
Legislators approved mobile betting this past session after voters approved a gambling expansion in 2016. Dr. Daniel Harrop filed a suit against the Rhode Island Lottery, as he claims the voters did not approve sports betting specifically. The preliminary briefings are due to the court … Read more
Rhode Island bettors have won 96.28% of all action year-to-date – the highest amongst every legal sports betting state. Almost $2.5 million has been contributed to the state in sports wagering taxes since RI’s November 2018 launch. Twin River Casino is the clear market leader … Read more
• 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 … Read more