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.

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