RI Sports Betting Revenue Reaches $12.0m For The First Half Of The State’s 2020 Financial Year

The Rhode Island Lottery has reported sports betting revenue of $12.0m (£9.2m/€10.8m) for the first half of the state’s 2020 financial year.

Consumers wagered a total of $132.0m on sports betting during the six months to 31 December 2019, winning $120.0m in the process.

Twin River’s Lincoln casino was responsible for the majority of revenue in the first half, generating $7.9m in revenue from $85.8m in total wagers, as players won $77.9m.

In comparison, the Twin River Tiverton casino reported $2.0m in revenue from $20.0m in wagers for the period, with consumers winning $18.0m. The two Twin River casinos are the only venues licensed to offer sports betting in the state.

In terms of online betting, revenue for the medium stood at $2.1m from $26.3m in total wagers. Mobile wagering has only been legal in Rhode Island since this area of the market opened in early September 2019.

bitcoin
Bitcoin (BTC) $ 66,049.70 5.29%
ethereum
Ethereum (ETH) $ 2,623.82 6.73%
tether
Tether (USDT) $ 1.00 0.00%
bnb
BNB (BNB) $ 589.34 3.21%
solana
Solana (SOL) $ 155.82 6.70%
usd-coin
USDC (USDC) $ 1.00 0.02%
xrp
XRP (XRP) $ 0.547731 3.70%
staked-ether
Lido Staked Ether (STETH) $ 2,622.35 6.72%
dogecoin
Dogecoin (DOGE) $ 0.115517 4.81%
tron
TRON (TRX) $ 0.160502 1.31%
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)