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) $ 34,529.00 7.76%
ethereum
Ethereum (ETH) $ 1,433.20 9.22%
tether
Tether (USDT) $ 0.996808 0.29%
polkadot
Polkadot (DOT) $ 18.05 2.25%
ripple
XRP (XRP) $ 0.278445 2.26%
cardano
Cardano (ADA) $ 0.363089 2.33%
chainlink
Chainlink (LINK) $ 24.25 1.51%
litecoin
Litecoin (LTC) $ 145.73 5.42%
bitcoin-cash
Bitcoin Cash (BCH) $ 460.20 6.31%
binancecoin
Binance Coin (BNB) $ 43.02 4.79%
S&P 500  ^GSPC 
$3,817.29  $24.18  (-0.63%)
Dow Jones Industrial Average  ^DJI 
$30,712.17  $284.81  (-0.92%)
NASDAQ Composite  ^IXIC 
$13,529.27  $13.79  (-0.10%)
Russell 2000  ^RUT 
$2,146.46  $22.29  (-1.03%)
Crude Oil Mar 21  F*CL.NYM 
$52.05  $0.2200  (-0.42%)
   
$0.0000  $0.0000  (0.00%)