Financial

Over $13m wagered on sports in Rhode Island in December

Jake Patel
Posted on January 30, 2019

In December, the first full month of legal sports betting in Rhode Island, sportsbooks took over $13m in sports wagers

The figures released by the Rhode Island Lottery indicates that the Twin River Casino in Lincoln accepted over $11m while the Tiverton Casino accepted $1.9m in wagers.

In terms of revenue, both casinos generated a combined revenue of about $958,000.

The Twin River venue in Lincoln generated the majority of this revenue with more than $834,000. The Tiverton Casino reported sports betting revenue of $123,250.

This is a slight increase compared to November’s sports betting figures. In the first four days of legal sports betting in Rhode Island over $682,000 was generated in revenue.

Rhode Island is currently the only New England state with legal and regulated sports betting.

The Rhode Island sports betting model shares similarities with the sports betting model in Delaware.

The Rhode Island Lottery works alongside William Hill and International Game Technology (IGT) to offer sports betting in the state. Rhode Island casinos with sportsbooks only hold onto 17% of revenue while IGT receives 32% and the state receives 51% of sports betting revenue.

In the first full month of legal sports betting in Delaware’s three sports betting venues accepted $8.1m in wagers and held on to about $500,000.