Sports betting handle and revenue in Rhode Island hit a 10-month high in October, although the Ocean State reported year-on-year declines across both.

Rhode Island players spent a total of $45.8m (£36.1m/€42.2m) betting on sports in October. This was down 25.2% from $61.2m in October 2022 but 21.8% more than September this year.

It was also the highest monthly total since a record $62.3m was bet in January 2023.

Of this total, $36.4m was wagered online and $9.5m at retail sportsbooks. This includes $6.3m at Twin River and $3.2m at Tiverton Casino.

Rhode Island revenue slips year-on-year

Turning to revenue and it was a similar year-on-year story for Rhode Island. The $4.5m posted in October was 8.2% less than $4.9m in the same month last year but 28.6% more than $3.5m in September.

It was also noted that the October figure was the second highest of the calendar year. The $5.2m generated in January is the only higher monthly figure so far in 2023.

Mobile betting accounted for $3.7m of all revenue and retail at $835,276. Twin River posted $584,987 in betting revenue and Tiverton Casino $250,289.

Players won $41.3m from betting in October, including $32.6m online and $8.7m at retail sportsbooks.

Year-to-date handle totals $126.0m

Looking at Rhode Island and its year-to-date figures, total spend in the 10 months to the end of October hit $126.2m. Of this, $97.1m was spent online and $28.1m at retail facilities.

Revenue for the period amounted to $11.3m. Online betting accounted for $9.2m of this and retail $2.1m.

Players in Rhode Island won a total of $114.9m in the 10-month period.

Want To Keep Up To date with our latest news and information? Please enter your email address below to be added to our mailing list is operated by Intraseculink Ltd, Registration Number: HE356617, 176 Athalassas Avenue, Office 401, 2025, Strovolos, Nicosia, Cyprus. BLUEINIC B.V. with Registration number 140279 and registered address at Abraham Mendez Chumaceiro , Boulevard 50, is licensed under Antillephone N.V. ,holder of Gaming License #8048/JAZ of the Central Government of the Netherlands Antilles. BLUEINIC B.V. is licensed and regulated in virtue of license number #8048/JAZ2016-030 granted by the Government of Curaçao to BLUEINIC B.V. The license was issued on ‎08-06-2016. © 2024 All rights reserved.