Rhode Island sports betting revenue reaches $36.2m in FY2021
Sports betting revenue in Rhode Island amounted to $36.2m (£25.9m/€30.4m) in the state’s 2021 financial year, almost double the total generated in the previous 12-month period.
Revenue for the 12 months to the end of June was 93.6% higher than $18.7m in the 2020 financial year, though the previous year was impacted by enforced property closures from mid-March a result of the novel coronavirus (Covid-19) pandemic.
Retail sportsbooks did not return to normal operations until May 20 this year, while they were also forced to endure a period of temporary closure between November 29 and December 21.
The majority of wagering revenue was generated online, with operators posting a total of $18.3m, while retail revenue amounted to $17.9m.
In terms of player spending, consumers in Rhode Island bet a total of $353.0m on sports in the 12-month period, up 76.3% year-on-year.
Some $184.6m was wagered online, compared to $168.4m with the state’s two land-based sports betting operators.