RHODE ISLAND SEES ANNUAL SPORTS WAGERS SURPASS $200M
Rhode Island’s regulated sports betting market generated total wagers of $200.2m in the 2020 fiscal year ended 30 June, despite the impact of COVID-19 over the past four months.
Total wagers climbed by 57 per cent compared to the previous fiscal year, which included eight months of results from the state’s first sportsbooks launched in November 2018.
Twin River contributed $120.1m in wagers, with Tiverton generating $30.3m and the IGT-powered Sportsbook Rhode Island mobile app contributing a further $49.8m.
RHODE ISLAND SPORTS BETTING: (US$)
| Wagers | Payouts | Revenue | |
| Twin River | 120.1m | 108.2m | 11.9m |
| Tiverton | 30.3m | 27.3m | 3.0m |
| Online/Mobile | 49.8m | 46.0m | 3.8m |
| TOTAL | 200.2m | 181.5m | 18.7m |
A total of $181.5m was paid out in winnings during the year, generating total book revenue of $18.7m. This comprised $11.9m from Twin River, $3.0m from Tiverton and $3.8m from mobile.
With the state’s two casinos closed in mid-March due to COVID-19, sports betting wagers over the past four months totaled just $13.1m. The two venues reopened on 8 June with limited capacity, as per state guidelines.
Gaming Intelligence
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